Classics Study: German car market continues to normalize
How to Buy a New Car in Today’s Challenging Market
The new-car shortage may slow this year, but prices remain high and availability limitedBy Benjamin PrestonEver so slowly, new-car dealers are starting to show a few more vehicles on their lots. And because of a variety of factors—inflation, high fuel prices, a year’s worth of new-car scarcity—demand for cars has begun to cool off a bit. But new-car availability is still near record lows, and those who find themselves in the position of having to buy a new car are often paying thousands over the manufacturer’s suggested retail price. Consumer Reports is no stranger to this phenomenon.
increasing production figures and the behavioral demand lead to a gradual normalization of the German car market in favor of the customers.
"The time of the long delivery times and offer bottlenecks is slowly coming to an end," sums up the Duisburg Center Automotive Research (Car) in its market study for November. After many months, customers could choose more with a narrow offer and hope for discounts. This applies to new cars as well as for used.The role of German manufacturers
as the main reason names Student Director Ferdinand Dudenhöffer the strong production of the German manufacturers. In October alone, almost 278,000 cars were built in Germany than in the same month of the previous year. For the year 2022, he therefore expects 3.5 million cars from domestic production. This is still far from the production records from 2015 and 2016, but compared to 2021 with its production bottlenecks, a plus of half a million pieces. With the exception of BMW,
now also offer all manufacturers on their own portals in subscription, including insurance benefits, determines Car and has registered a new record in this form of sales with a total of 621 offers. With important volume models, established manufacturers such as VW or Ford also offer internet discounts for self-configured new cars of up to 20 percent.
It's the best time to buy a used car in 16 months — just don't take out a big loan .
It's the best time to buy a used car in 16 months — just don't take out a big loanPer Cox Automotive's Manheim Used Vehicle Value Index, which tracks the wholesale prices of used vehicles sold at its U.S. auctions, used car prices are at their lowest level since August of 2021, with its index falling nearly 16% since peaking in January.