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Autopapst Dudenhöffer: New car discounts at low point - BMW, VW and Co. threatens a dry spell in 2021

2020-12-16T07:16:34.964Z


In the current year, the carmakers are holding back with special discounts in this country. This results from calculations by the CAR Institute.


In the current year, the carmakers are holding back with special discounts in this country.

This results from calculations by the CAR Institute.

  • When it comes to selling their cars,

    automakers are

    creative.

  • There are list discounts, daily registrations, special models or extra

    goodies

    such as a set of winter tires on top.

  • But this year the

    manufacturers

    are holding

    back heavily.

    The reasons.

Munich - In the current year, the car manufacturers have given lower discounts on the German market than they have been for years.

This is the result of an evaluation by the Duisburg

CAR

Institute, which Merkur.de * is available.

Thereafter, the index for cash discounts, leasing offers, special models and subscription offers from January to November 2020 is 122 points.

This is the lowest level since 2012, when the index was at 118.2 points.

Despite the corona pandemic and the severe economic downturn, this year the manufacturers "took a course towards fewer customer benefits and discounts," CAR boss Prof.

Ferdinand Dudenhöffer

told Merkur.de * on Monday.

As a justification, Dudenhöffer referred to e-car bonuses, short-time work benefits and the lower value added tax until the end of the year.

This "took a lot of sales pressure out of the market," said the automotive expert.

CAR boss Dudenhöffer: The order situation is likely to deteriorate in 2021

Buyers receive a

bonus of

9,000 euros when they buy a new electric

car, and 6500 euros for hybrid vehicles.

At the insistence of the manufacturers, the federal government wants to extend the relevant regulation until 2025.

In addition, the manufacturers could have

partially compensated for the

threat of yield losses due to falling capacity utilization through

short-time work

benefits, said Dudenhöffer.

Added to this are the effects of

VAT

.

By the end of the year, only 16 percent VAT will be due on new cars instead of 19.

With a list price of 50,000 euros, this alone corresponds to a price advantage of around 1,000 euros.

In view of the lavish promotion of e-cars and hybrid vehicles as well as the VAT relief, many consumers would have preferred car purchases that were already planned.

Looking ahead to the coming year, the CAR boss warned of the hangover in the industry.

The order situation for

BMW

,

VW

or Tesla

could especially increase in the first quarter

.

cloud significantly.

"A dry spell threatens," said Dudenhöffer.

Source: merkur

All news articles on 2020-12-16

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