Corporate Fleets Big Part of Germany Car Buying Market


Bloomberg - January 3, 2013

Deutsche Telekom AG, Germany’s largest phone company, which owns 38,000 vehicles in its home country — or more than one for every two employees there — is among corporate car buyers taking advantage of tax breaks that have propped up the auto market in Germany. With private demand slackening, cars bought by companies for employee use accounted for 32 percent of German auto sales last year.