The range of freshly produced vehicles is limited, and at the same time customers are in the mood to buy. You know what the production bottleneck means from business classes.
The persistent Chip shortage makes car prices rise. The credit insurer Euler Hermes In a study, the German market expects a premium of 4 to 10 percent, in the European average it should be between 3 and 6 percent. This is made possible by the current disparity between high demand and low supply. Due to the supply problems with semiconductors, new car production is currently stalling worldwide; There should be no improvement until next year at the earliest.
Without a production bottleneck, it could be more
The production backlog is currently encountering a market that is characterized by the pent-up demand after the corona lockdown. In the first half of the year, new registrations in Europe rose by 25 percent to almost 5,4 million cars. Without a lack of chips, it could possibly have been more. However, the cars are missing: The industry association VDA is anticipating a loss of production of 600.000 vehicles in the German plants alone for the year as a whole.
The Center Automotive Research (CAR), which regularly examines the discount level on the German new car market, had previously determined that the low supply had an impact on prices. In June and July it was already unusually low. And the prices for second-hand vehicles have recently increased in this country, as new car buyers are switching to young used ones.