German new car sales soar in January

Jurate Gulbinas   |   7 Feb 2017   |   2 min read

Sales of new cars in Germany increased by 10% in January. Last year German automakers sold more vehicles throughout the year than in any other year since 2009. Volkswagen remains the number one automaker, with luxury car designers Audi and Porsche continuing to compete with Mercedes and BMW. Ford and General Motors were the top foreign car manufacturers in Germany in 2016. Analysts predict that this year will not see any increases because of uncertainty in Europe and changes in inflation and petrol prices.

German new car sales soar in January

Download our eBook “Moving To The US”

Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

NEED ASSISTANCE FOR YOUR SITUATION?

Contact us today
Contact Us

"*" indicates required fields

Do you need tax services in our other regions?
By providing us your information you agree to our privacy policy

More articles like this

 

US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from foreign trusts Taxpayers can be penalised if they...

 

Making a check-the-box election as a foreign corporation


4th Mar 2020
Jurate Gulbinas

This article relates to foreign business founders with an active business, who are moving to the US There is a risk that foreign earnings may be double taxed when your organisation is taxed as a US...

 

UK tax hikes affecting expat property owners: is it too late to act?


21st Feb 2017
Jurate Gulbinas

Americans living abroad, in countries like Great Brittan, are being affected by tax hikes Although there are some ways that you can dance around these increases in other countries, it is not always...

 

US Taxpayers given some Reporting Relief on certain Foreign Trust Investments


10th Mar 2020
Jurate Gulbinas

Section 6048 requires US taxpayers to make an annual report regarding financial or asset transfers in relation to the receipt of distributions from...

 

Making a check-the-box election as a foreign corporation


4th Mar 2020
Jurate Gulbinas

This article relates to foreign business founders with an active business, who are moving to the US There is a risk that foreign earnings may be...

 

UK tax hikes affecting expat property owners: is it too late to act?


21st Feb 2017
Jurate Gulbinas

Americans living abroad, in countries like Great Brittan, are being affected by tax hikes Although there are some ways that you can dance around...