Germany's car exports increased on a year-on-year basis despite surging oil prices, the German Automobile Industry Association (VDA )reported Friday.

The VDA said that exports rose by five percent to 313,000 in October with foreign orders jumping by six percent.

New car registrations in Germany rose 3 percent in October, gaining for the seventh month in a row, to 291,000 vehicles.

Registrations reached 2.79 million units in the first 10 months of 2005, also a year-on-year gain of 3 percent.

Bernd Gottschalk, head of the VDA, said the strong export performance will continue.

"Thanks to the new models introduced by the German manufacturers ... I believe that a new export record of over 3.7 million passenger cars is attainable for 2005," he said.

But demand on the domestic market is dropping. Domestic orders fell by 14 percent in October.

Source: Xinhua