New cars are becoming more affordable again – combustion engines are the most popular
AAccording to a study, new cars are becoming a little more affordable on the German car market. In March, manufacturers and dealers lured customers with higher discounts on list prices in view of the renewed increase in production, as reported by the Duisburg Center Automotive Research. In addition, the proportion of vehicles that dealers and manufacturers have registered on their own account and that come onto the market as special offers after a short time has increased.
The discounts offered on the Internet extended to cars with all types of drive. Due to the end of the subsidy premiums at the turn of the year, the proportion of plug-in hybrids with combined combustion engines and electric motors has fallen significantly to just under 5 percent of all new registrations.
Battery vehicles reached study leaders Ferdinand Dudenhoeffer also a lower market share of just under 13.1 percent. At the end of the year there was a rush of registrations because the subsidy was lower this year.
With a market share of 81.5 percent, combustion engines were by far the most popular models among the 60 most popular new cars in the first two months. Since they are significantly cheaper on average than their e-competitors, the average new car price fell by a good 2,300 euros compared to the second half of 2022 to 34,762 euros.