"The trend change in new orders from domestic customers has finally been reached with September, when bookings rose over 10 percent. By the end of this year, we should be able to see rising registration figures in the domestic market," the German auto industry association President Matthias Wissmann said in a statement on Monday.
Barclays Capital economist Julian Callow said demand for new cars was encouraging and may present upside risks to his estimate of 0.3 percent rise in German private consumption in the third quarter over the second quarter.