Austria's used car market is booming: prices drop, demand is increasing!

Austria's used car market is booming: prices drop, demand is increasing!

The Austrian automotive market shows a remarkable trend in 2024. According to current reports from orf Salzburg , the demand for user cars rose by impressive 19 percent, while the price curve for new car has stabilized since the middle of the year. With an average sales price of 44,864 euros, prices for hybrid vehicles remain the most expensive, while electric cars experienced a decrease of 12 percent to EUR 37,863 despite a high demand of 44 percent. These developments reflect the increasing sensitivity of the buyers for the price-performance ratio, supplemented by greater availability of vehicles with alternative drives.

market forecast and CO2 tax increase

But that's only half the truth. Datatorce A moderate growth in the European automotive market expects in 2024 and a further increase of 4.1 percent in 2025. Stagnate and shift to less margins. The CO2 requirements become more strict, which could mean that the prices for vehicles will increase with combustion engines. From January 2025, the CO2 tax will be raised by more than 2 cents per liter, supported by an adapted climate bonus that can be between 145 and 290 euros per person.

These developments in the automotive market are further complicated by the upcoming increase in CO2 requirements in 2025. The manufacturers have to make their fleet less emission, which increases the focus on electrical and hybrid vehicles. As the upcoming change progresses to a real buyer market, the manufacturer's discount and leasing campaigns will become a standard in order to attract buyers. The challenges will remain because the cost of living increases what the demand could dampen.