German Car Makers To Increase U.S. Market Share

German Car Makers To Increase U.S. Market Share
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German car makers’ association Verband der Automobilindustrie said Monday German auto manufacturers aim to increase market share in the U.S. this year.

In the U.S. market, VDA expects light-vehicle sales to increase 5% to 13.4 million in 2012.

Rising consumer confidence, the replacement of old vehicles and more stable gasoline prices will buoy sales, VDA President Matthias Wissmann said at a press conference at the Detroit Motor Show.

Medium and long-term prospects for the North American market are also good, he added.

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