A sigh of relief for car buyers? There are signs of a turnaround for new cars

Anyone who wants or has to buy a new car has not had a good time. Prices are still climbing, savers and bargain hunters have to see where they stay. But there are now first signs that the tide could change soon.

Auto experts expect cancellation tsunami

So far, cars, whether electric or internal combustion, have been no exception to inflation. On the contrary, chip shortages have kept waiting times and supply short while demand remains high – at least so far. Because the order books at the car manufacturers may be full, especially for electric cars, the demand has risen sharply due to the environmental bonus. But the Turnaround seems already underway.

In the meantime, the high order situation and proud prices are combined with a gloomy outlook for economic development and the already high inflation rates. This ensures that car purchases are no longer the top priority for consumers – or are even likely to be postponed. Because fewer and fewer people in Germany still have money left over.

“It can be assumed that the mixture of the recessionary trend and the reduced subsidy premiums for BEV (battery-powered electric vehicles) and PHEV (plug-in hybrid electric vehicles) lead to increased vehicle cancellations”, Automobilwoche quotes Stefan Reindl, head of the Institute for the Automotive Industry (via Focus).

According to industry experts, the loss of funding due to late delivery in the case of an e-car or the significantly delayed availability of the vehicle alone can be enough for car buyers to cancel their orders. Should actually be one wave of cancellations get rollingthis could affect the purchase prices with a little delay.

Oversupply could make bargain hunter dreams come true

Because the ordered cars are usually still produced by the manufacturers, but then have no buyers. If the parking spaces at the dealers then fill up, they should Discounts and offers the next step to persuade customers to buy despite the difficult times.

It is no longer so easy to say whether an e-car or a combustion engine is the cheaper choice:

But: The price development of the last few weeks and months stands in the way of this. Anyone who ordered the new car before the tricks of the car manufacturers and the inflation phase should still get the better deal in comparison.