Car manufacturers are still getting rid of their new cars. But that could change soon, a study shows.
According to market expert Ferdinand Dudenhöffer, demand for new cars in Germany will decrease significantly. In a few months, the holey supply chains will no longer be the problem for manufacturers, but the significantly declining willingness of customers to buy, writes the Duisburg Center Automotive Research (CAR) in its discount study for the month of July. In addition to the high inflation, the planned reduction in state subsidies for electric cars will also have a dampening effect.
The car manufacturers can still reduce their pent-up order books and sell the scarce new cars without major discounts, it is said. However, there were increasing signs that production was recovering and that the order backlog had begun to be rapidly reduced. Dudenhöffer cites production data from manufacturers in Germany, who built 21 percent more cars in May and June than in the same period last year. In addition, the delivery times for cars that come onto the market via subscription models have been reduced.
The CAR experts report that there are currently hardly any incentives to buy in the new car market, so that the net prices are at the highest level. In addition, list price increases must be expected in the coming months. This applies in particular to electric cars, because lithium, nickel and other raw materials for battery production have already become significantly more expensive.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
