German new car market halves in Sept vs Aug -paper

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FRANKFURT | Fri Oct 2, 2009 2:35am EDT

FRANKFURT Oct 2 (Reuters) - New car sales in Germany fell by around half in September from August as the fund subsidising a scrappage scheme for old autos ran out of money, the Bild newspaper reported on Friday, citing a car dealers group.

"We have an absolute demand gap for small and low-cost cars," the paper quoted BVfK head Ansgar Klein as saying.

Official German new car registration data are due out later on Friday.

Germany had offered motorists 2,500 euros ($3,643) to scrap cars at least nine years old and buy new cars. The money ran out on Sept. 2. (Reporting by Michael Shields)

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