New car purchases fell by at least 10% last year, to the lowest level since German reunification. Already in 2020, due to the pandemic, the reduction in new releases had reached 20%. However, the data on sales of cars with new technology engines are positive.
According to data released today by the Federal Transport Authority (KBA), 13.6% of new cars were purely electric, 85% more than in 2020. In addition, 28.8% of new registrations concerned cars with hybrid engines.
There was a significant decline in demand for diesel cars, which at the end of 2021 was 37.7%, compared to 46.7% in 2020. In the case of gasoline cars, the number of new releases decreased by 28, 6%, while in diesel the reduction was much more intense, amounting to 36%.
The decline in the circulation of new vehicles is attributed by experts mainly to the difficulties of procuring materials and components from the automotive industry. For the new year, last December the Association of International Automobile Manufacturers (VDIK) expected a market recovery, with a 15% increase in sales.
The situation in the German car industry and the Ifo Institute for Economic Research in Munich is considered unfavorable, whose index for the industry fell to -1 in December, after +7.9 in November. “This further deterioration is due to manufacturers, not suppliers,” said Oliver Falk, head of the Ifo Center for Industrial Organization and New Technologies. In addition, the index of export expectations fell to 28.1 points, from 51.1 in November. “Manufacturers’ expectations are no longer so optimistic,” said Falk.
Indicative of the situation are the problems related to the recall of more than 800,000 cars worldwide by Mercedes – Benz, due to a technical problem that can even lead to ignition. According to BILD, the repair of vehicles is expected to be delayed, due to lack of spare parts and car owners should avoid using or driving them very carefully until then. The first repairs are estimated to take place in mid-late January.
SOURCE: ΑΠΕ-ΜΠΕ
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Source From: Capital
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