|
Economy
|
The Rising Cost of New Cars in Germany
2024-10-01 05:40:08
Automotive

The Rising Cost of New Cars in Germany

Image used under license from Shutterstock.com

New car prices in Germany have surged significantly, with combustion engine vehicles experiencing a 10% increase and electric vehicles seeing a 4% rise. This price hike is primarily attributed to rising list prices rather than diminishing discounts.

Consequently, the price gap between electric and combustion vehicles has narrowed from 30% to 23%. Manufacturers appear to be implementing a strategy to gradually reduce the price difference by increasing the list prices for combustion vehicles.

It remains uncertain whether this approach will be successful in the market. The trend reflects a broader shift as automakers invest in developing electric, autonomous, and connected vehicles to meet evolving consumer demands and environmental regulations.

The future of the car manufacturing market is heavily influenced by these technological innovations.

Related news on that topic:

Volkswagen's Electric Revolution: New Models and Competitive ... Pricing

Volkswagen is making significant strides in the electric vehicle market with several new models and strategic pricing adjustments. The company has reduced the price of its ID.3 to €29,760, making it a more affordable option for consumers. This reduction aims to boost sales, which have been lower than expected. Meanwhile, the new ID. Buzz Freestyle, an affordable version of its electric bus, offers practicality and essential features for just under €50,000. Additionally, Volkswagen has introduced the ID.7 Tourer, an electric station wagon designed to appeal to both families and business customers. This model boasts an impressive cargo capacity and advanced features. With these new offerings, Volkswagen is positioning itself as a leader in the electric vehicle market, catering to a wide range of needs and preferences.

The press radar on this topic:

t-online
1. Oktober 2024 um 02:54

Automotive Market: New Cars Have Become Significantly More Expensive

Economy
Finance
New cars in Germany have become significantly more expensive; combustion engines are more affected than electric vehicles; transaction prices for the 20 most popular combustion vehicles increased by 10%, for electric vehicles by 4%; the price increase is mainly due to rising list prices, not to declining discounts; the price gap between electric and combustion vehicles is shrinking from 30% to 23%; manufacturers seem to be pursuing a strategy to gradually reduce the price difference by increas..
tz
1. Oktober 2024 um 02:16

Study: New cars have become significantly more expensive

Economy
New car prices in Germany have risen significantly according to industry expert Ferdinand Dudenhöffer; combustion engines of the 20 most popular models have increased by 10%, electric cars of the 20 most important models by 4%; the price gap between electric vehicles and combustion engines is shrinking; the increase in list prices, not discounts, is driving the price increase; manufacturers are apparently implementing a strategy to reduce the price difference between electric vehicles and comb..
zeit
1. Oktober 2024 um 02:15

Automotive Market: Study: New Cars Have Become Significantly More Expensive

Economy
Study shows: New cars have become significantly more expensive; Transaction prices for combustion engines have increased by 10%; Electric vehicles have increased more slowly; The price gap between electric and combustion vehicles is shrinking
n-tv.de
1. Oktober 2024 um 02:37

Car: New car prices are rising sharply according to study - n-tv.de

Economy
According to a study by industry expert Ferdinand Dudenhöffer, new cars in Germany have become significantly more expensive; transaction prices for combustion engines rose by 10%, for electric cars by 4%.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact