Research Findings: Reduced Incentives for Fossil Fuel Vehicles
Auto shoppers in Germany are allegedly facing increased expenses, as indicated by an inquiry conducted by the Center Automotive Research (CAR) in Germany. On an average, markdowns on petrol and diesel vehicles plummeted by 16.2% in June, which is a reduction of 0.5 percentage points compared to the past month, according to CAR.
Notably, Volkswagen seems to be seeking higher prices for its automobiles. The retail prices for the Passat and Tiguan models have risen, while negotiated prices for the Golf, Passat, and Tiguan have dropped. The Golf's price ascended by 4.3%, the Passat by 3.7%, and the Tiguan by 4.8%, as per CAR director Ferdinand Dudenhoeff. "Audacious transaction price increases from Wolfsburg," wrote Dudenhoeff. Nonetheless, other auto manufacturers have barely modified their costs.
As far as electric cars are concerned, no additional markdowns were offered. The average discounts were 12.7%, which is the same level as in the previous month, according to the investigation. September could be intriguing, Dudenhoeff wrote: Then, Stellantis intends to introduce the T03 compact car from Chinese manufacturer Leapmotor to the market, which is slated to be produced at the Fiat plant in Tychy, Poland.
Read also:
- In an effort to reduce reliance on internal combustion cars, the Center for Automotive Research (CAR) is advocating for more significant discounts on electric vehicles.
- Despite the decreasing incentives for fossil fuel vehicles, some automotive companies, like Volkswagen, are still aiming for higher prices for certain models, such as the Passat and Tiguan.
- Researchers at CAR are keeping a close eye on upcoming developments in the automotive industry, such as Stellantis' introduction of the T03 compact car from Leapmotor, which could lead to new pricing strategies and discount opportunities.
