German car market Hardly any new discounts in the car market – subscriptions as an alternative

German car market Hardly any new discounts in the car market – subscriptions as an alternative

German car market Hardly any new discounts in the car market - subscriptions as an alternative

In the German car market, manufacturers and dealers held back with new discounts at the beginning of the year. According to the regular evaluation by the Duisburg CAR Institute, the discounts granted on internet orders in particular have not increased compared to December.

For the 30 most popular models, they averaged 18.6 percent of the list price. In the case of battery electric vehicles, there was an average discount of 36.3 percent because of the high government subsidies.

The value added tax, which has risen again to 19 percent since the beginning of the year, has not been compensated for by new offers. According to the study, the number of self-registrations hardly increased either. In the coming weeks, cheap “house prices” are likely to be called for by some importers in particular, because an above-average number of cars were registered at the end of the year.

This is of particular interest to WiWo readers today

Here all costs with the exception of the fuel are summarized in a monthly rate. Last year around 42,000 new vehicles were brought to customers in this way. There are currently 257 subscription offers to choose from.

Compared to the cash purchase including all the accruing costs, many offers appeared attractive, commented study leader Ferdinand Dudenhöffer. The contracts could be concluded easily and contactlessly via the Internet, which seems to make sense especially under Corona conditions.