New car prices explode: combustion engines and Stromer in price war!
New car prices explode: combustion engines and Stromer in price war!
In the past few months, the price structure for new cars in Germany has changed noticeably. According to a current analysis by industry expert Ferdinand Dudenhöffer, the average transaction prices for the 20 most popular combustion models have increased significantly since April. In September, an average price of around 33,000 euros was found, which means an increase of more than 10 percent compared to April.
but also in the area of electric cars there are price increases, albeit at a slower pace. Here the prices rose by a good 4 percent to around 40,500 euros. This slow growth has led to a relevant shift in the price landscape, halved the distance between the two types of drive. In order to support the relevance of these findings, it should be noted that the evaluation was carried out without taking the sales figures into account, which requires a differentiated interpretation of the data.
higher list prices and comparison of the discounts
Contrary to the popular opinion, discounts only slightly contribute to the increasing of the combustion engines. Dudenhöffer found that the discount level for combustion engines has only dropped by 0.7 percentage points since April, while it has increased by 0.3 percentage points for electric vehicles. An important reason for the increasing prices is the increase in list prices, which can be observed, especially among the combustion engines. This trend is also responsible for reducing the price distance between the drive types.The price difference fell from 30 percent in April to 23 percent. Dudenhöffer suspects that the manufacturers' strategy is increasingly focusing on reducing the price difference by significant price increases in combustion. "A strategy seems to be enforced to slowly reduce the price difference with higher price increases in the combustion engines," Dudenhöffer noticed in his study. It remains to be seen whether this trend will continue to continue and will show the next few months.
The changes in the market are of great importance for consumers and dealers as well as the automotive industry as a whole. The conditions on the market are dynamic and show that the purchase decisions in the traffic sector could be influenced due to the increased costs. If you want to know exactly what developments the prices could influence in the future, you should keep an eye on the current market situation.
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