German new car registrations up 24 pct in Oct -VDIK

03 November 2009 @ 10:03 am EDT

FRANKFURT - Germany's new car market grew by 24 percent year-on-year in October even after a scrappage scheme for old autos ran out of money in September, the VDIK foreign carmaker association said on Tuesday.

Around 321,000 new cars were registered in Europe's biggest auto market last month, bringing the total in the first 10 months to 3.312 million, a gain of 26 percent.

Berlin's 5 billion euro ($7.4 billion) programme offering motorists 2,500 euros to scrap old cars and buy new ones ran out of funds on Sept. 2 but will continue to have an impact on registrations for months as cars that were ordered under the scheme get delivered.

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German new car registrations up 24 pct in Oct -VDIK