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New registrations are falling: the car market is in crisis

Nicholas by Nicholas
July 5, 2022
in News
0

Dhe German car market is in a crisis. The lack of semiconductors, but also various other delivery delays make business difficult for car manufacturers. As the Federal Motor Transport Authority announced on Tuesday, only 224,558 cars were newly registered in June. That was 18 percent less than a year ago. This worsened the situation on the car market again. In the entire first half of the year, only 1.2 million cars were newly registered, 11 percent fewer than a year earlier.

Almost all manufacturers are affected by the rapid decline in sales. VW remained the market leader with a 19 percent share. However, the sales of the Wolfsburg company dropped particularly sharply by 24 percent. Opel posted a minus of 18 percent, BMW 10 percent and Porsche 4 percent. Mercedes, meanwhile, was able to increase its sales by 10 percent and Dacia even by 40 percent.

Sales of SUVs developed comparatively well. The vehicle segment held up best with a minus of 2 percent and was able to expand its market share to 30 percent. Car manufacturers currently prefer to use the existing parts for high-margin production in the luxury class. Small cars, minis, the middle class and mobile homes, on the other hand, fell by more than 30 percent in sales. The average CO2-Output of cars sold fell by 3 percent in June. Despite generous subsidies, new electric cars were sold 4 percent less in June. Manufacturers were often unable to meet the high demand. The market share is now 14 percent.

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The used car market is also suffering from the sales crisis for new cars. If fewer new cars are bought, there is usually less need to resell old cars. In June, 25 percent fewer used cars were sold than a year ago.



Tags: automobilecar marketcrisisFederal Motor Transport AuthorityISIN_DE0007664039new registrationVolkswagen

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