According to a study, customers can no longer expect large price discounts on the German market for new cars. After the cuts in sales promotions for electric cars, the largest provider, the Volkswagen Group, has reduced its discounts for important combustion engine models. The list prices for the bestsellers Passat and Tiguan were also increased, as shown by the regular market study by the private CAR Institute. As a result, for Volkswagen this means increases of between 3.7 and 4.8 percent on the respective transaction price. This is the amount that a buyer actually has to pay after deducting discounts from the list price. According to CAR calculations, manufacturers are currently offering a 16.2 percent price discount for freely configured new cars with combustion engines. For purely electric cars, the average discount is 12.7 percent on the list price. In contrast to the competition, the manufacturer Tesla works with direct price changes and does not give any discounts.More on the topicThe price gap between electric cars and combustion engines is somewhat mitigated by higher transaction prices for combustion engines, says the head of the study, Ferdinand Dudenhöffer. Even with the slight price reductions at Tesla, this is not enough to change the trend in the market towards more electric mobility. The inexpensive Leapmotor T3, which the Stellantis Group is assembling with a Chinese partner in Poland, could bring movement from September onwards. The small car will be offered with a comparatively powerful lithium-ion battery, which ensures a range of around 280 kilometers. According to the manufacturer, the battery can be charged to 80 percent of its storage capacity in 36 minutes at a quick charging station. In France, the T3 costs around 26,000 euros, according to “Auto Motor Sport”. Other European markets, including Germany, are scheduled to be delivered from September 2024.
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