Corporate Fleets Big Part of Germany Car Buying Market

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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.

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