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Tuesday January 23, 12:37 AMGerman car registration data inflated in 2006 -KBAFRANKFURT, Jan 22 (Reuters) - New cars registered in Germany for less than a month, so-called short-term registrations, declined by almost 2.4 percent to 128,736 units in 2006, German motor vehicles department KBA said on Monday.This represented a share of 3.7 percent of the total 3.47 million new cars registered last year in Germany, data showed. "At the end of the months and at the end of the year there were a lot of short-term registrations reported in particular," the KBA said in a statement. These types of registrations typically indicate sales figures were inflated to meet targets and can thus be stripped out to determine a figure closer to actual physical demand. Foreign carmakers including France's PSA Peugeot Citroen and Japanese rival Honda once again made liberal use of short-term registrations. The greatest rate of increase went to Mitsubishi with a gain of nearly 270 percent, followed by both PSA brands. While Citroen notched up a rise of 78 percent, its higher-selling sister nameplate Peugeot came in at a plus of 58 percent. German premium brand Audi and Japanese volume marque Mazda both posted an increase in short-term registrations of over 30 percent last year. In terms of the share of short-term registrations as a percentage of the overall figure, Honda led the table with 18 out of every 100 new cars registered for less than a month. Korean brand Kia came in second with a share of 16.7 percent and Mazda third with over 11 percent. Renault's short-term registrations fell almost 68 percent. |
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