2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
New cars have almost reached the price level that prevailed before the economic crisis. Even cheap vehicles can record a plus compared to 2008.
In Germany, the average price of new cars, at EUR 26,800, has almost reached the pre-crisis level of 2008. At that time, a car cost an average of 27,100 euros. According to the consulting firm RL Polk, prices in 2009 fell to an average of EUR 23,800 due to the scrapping premium, almost to the level of 2005. With the upswing, demand rose again, and with it prices.
Nissan and Suzuki with price drops
Mercedes-Benz, BMW and Audi achieve the highest prices among the biggest brands. At the same time, the three brands that had benefited little from the scrapping premium also achieved a higher average
price than in 2008. Dacia currently achieves the lowest price level at just under 11,200 euros. But the price means an increase of ten percent compared to 2008, probably due to new, more expensive models and increased demand. Nissan recorded the largest price declines with minus eleven percent and Suzuki with minus seven percent. (mid)
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