15 billion in value: dealers are sitting on masses of unsold cars - the Mega-bargain?

The global auto market is experiencing a historic slump. According to statistics from the industry Association ACEA approved in April about in the EU with 76.3

15 billion in value: dealers are sitting on masses of unsold cars - the Mega-bargain?

The global auto market is experiencing a historic slump. According to statistics from the industry Association ACEA approved in April about in the EU with 76.3 percent fewer new cars than in the same month last year. The Virus pandemic, or as a reaction to the measures imposed, leading to the largest decline since records began. Every EU car market recorded double-digit Sales declines. In Germany, the Minus amounted to 61.1 percent.

car market collapses, companies will alert

The parallel supply and demand shock will become a growing Problem. The car trade is sitting on a non-approved new vehicle inventories to the value of around 14.8 billion euros. The high-yield accounts of the Central Association German motor vehicle trade (ZDK), writes the trade magazine "Kfz-Betrieb". The Association sees a "existentially threatening situation" in the car trade. "And this is just the tip of the iceberg, because not many young second-hand cars, which have not yet been sold are included, however, because of the trade rested for a week. According to the yards and Showrooms of car dealers are," writes the magazine. Here, the Auto-Newsletter

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Nearly 15 billion vehicle value without the buyer

retailers and manufacturers to purchase premiums for new cars are calling for even haunting. According to the Wishes of the dealer, these premiums will also apply to used cars. However, it is still completely unclear whether there will be such premiums. And even if, should you come in front of all electric and hybrid vehicles benefit, which the EU grants because of their climate-policy priority (E-cars, irrespective of their actual pollutant and CO2 included in the balance sheet with 0 grams of CO2 in the fleets-standings of the manufacturer). The majority of the stock of vehicles on the dealer stations, Diesel and gasoline are. This would not therefore benefit from the rewards, I think. Safety systems for new cars mandatory FOCUS Online/Wochit safety systems for new cars mandatory

discounts up to 50 percent?

car buyers can expect that in the coming months, a discount battle is raging. Car market expert Professor Ferdinand Dudenhöffer what are some examples from past High-discount-phases. So discounts of more than 30 percent were about in August 2017, by the environmental premium can be realized - up to 46 percent in the case of a VW Passat and Skoda Octavia, or 44 percent of the VW Golf. In the current crisis, more was still there: "discounts up to 50 percent is unthinkable," said Dudenhöffer to FOCUS Online.

see also: media report: government plans to 4000 Euro premium for electric cars, 3000 for nitro

All distribution channels in the eye

keep Maarten Baljet from the residual value analysts Bähr & Fess Forecasts assumes that it "will occasionally be very good deals," and also sees a high price pressure in the market. He advises to keep the manufacturers ' different sales channels. So the "short runners are some of the brands" - for example, year car get particularly favorable, while in the other hand, the Savings in lease vehicles was the largest. Baljet does not believe, however, that it will come to a slump of prices in the beam: "We assume that the majority of traders will come in spite of all this crisis and that we will see in the year 2021, a significant compensation movement", the residual value expert.

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Updated Date: 22 May 2020, 10:27

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