"China is currently taking a breather", said VDA president Bernhard Mattes in Berlin, adding the export of German cars from factories in the United States to China fell by a third in the first 10 months of the year.
The association said it expected the global car market to reach 85 million new vehicles this year. In Europe, it expected the number of new vehicles to climb to 15.8 million in 2018 and remain at a similar level in 2019.
Sales of new cars in Germany will decline by 1 percent this year, it added.
Some 3.42 million cars will probably be registered in 2018, the VDIK said, adding that this showed the new car market was performing well. VDIK members expect sales to rise by 1 percent to 1.325 million vehicles this year. (Reporting by Ilona Wissenbach and Markus Wacket Writing by Michelle Martin and Caroline Copley Editing by Thomas Seythal and Jon Boyle)
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