Car manufacturing is one of the core industries of the German economy. Prices for new cars fluctuated somewhat during the specified time period, but generally grew. Most recently a new car cost 44,630 euros on average.
Global reputation
Germany is home to some of the most recognized and purchased automobile brands in the world. These brands are sold internationally and have enjoyed long-standing success. Based on new car registration figures, Volkswagen had the highest market share compared to other names. Mercedes and Audi made up the top three. Volkswagen also bought other car brands in recent years, among them Porsche. The leading car models among German new car buyers were from Volkswagen. Consumers particularly favored the VW Golf, the VW T-Roc and the VW Tiguan.
New car market future
In 2023, the most new passenger cars registered in Germany by far were produced domestically. Other leading production countries included Japan and South Korea, and the Czech Republic in the European Union. The industry is still recovering from the effects of halted production during the coronavirus (COVID-19) pandemic, as well as facing challenges due to the energy and supply crisis following the beginning of the Russia-Ukraine war in February 2022.
FAQs
Average prices for new cars in Germany 1980-2023
How much is a new car in Germany 2023? ›
Car prices in Germany
According to the annual report of the Deutsche Automobil Treuhand (DAT), the average cost of a new car in 2023 was 42.790 euros, while the average price of a used car was 18.800 euros.
What is the most sold car in Germany 2023? ›
Leading car models in Germany in 2023, based on number of new registrations. The VW Golf was the most popular car model in Germany, with 81,117 new registrations. The VW T-Roc ranked second with 68,678 new registrations.
How much will new car prices drop in 2023? ›
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported. Overall, new car prices are down 1.4% since October 2022 and 3.5% since their peak in December 2022. Will this downward trend continue into 2024?
Are car prices going up in Germany? ›
A minority (13% of dealers) predict that prices will increase this year, while the majority (61.1%) of dealers surveyed expect prices to decrease in 2024. Especially German (64.8%) and Italian (72.2%) dealers are sure that this year the prices on the market will decrease.
How much is a brand new car in Germany? ›
Average prices for new cars in Germany 1980-2023
Prices for new cars fluctuated somewhat during the specified time period, but generally grew. Most recently a new car cost 44,630 euros on average.
How much is a BMW in Germany? ›
BMW 1 series starts at 28300 Euro. It has cloth seats, no AC, manual gearbox, …you name it, it probaboy won't have it. The M135i tops out at 64850 Euro. The most expensive series is the 8 series convertible starting at 104200 Euro, while the most expensive BMW is the 7 series M topping out at 211950.
What car is most common in Germany? ›
1. Volkswagen Golf | 83,737 new registrations (2022) The Volkswagen Golf was first produced in 1974 and has remained one of the most beloved cars ever since. In Germany, the popularity of this classic model is unwavering.
What German car holds its value the best? ›
Brand
| Brand | Resale value reputation |
|---|
| Porsche | 😁 Excellent |
| Mercedes-Benz | 🙂 Good |
| Audi | 🙂 Good |
| BMW | 🙂 Good |
1 more rowEliminating the following statements when you buy a car can help you negotiate a better deal.
- 'I love this car! ' ...
- 'I've got to have a monthly payment of $350. ' ...
- 'My lease is up next week. ' ...
- 'I want $10,000 for my trade-in, and I won't take a penny less. ' ...
- 'I've been looking all over for this color. '
1. 2024 Nissan Versa | $17,405. The car that humbled the exceedingly basic Mirage for the title of cheapest new car is the 2024 Nissan Versa. Beating the Mirage in every aspect besides fuel economy, the Versa still manages to be cheaper.
Are new cars still selling over MSRP? ›
Despite that, prices are still higher than they should be, as a new iSeeCars study found that the average new car is priced above MSRP, though they're slightly less painful than they were a year ago.
What is the average price of a car in Germany? ›
Here are the average car retail prices across Europe: Germany: ~€32,000. France: ~€26,000. Spain: ~€25,000.
Are cars in Germany cheaper than us? ›
Cars tend to be better equipped and cheaper in the US compared to Europe due to factors like larger market size, different regulations, and cost structures. The US market's scale allows for more standardized features, while European taxes and regulations can drive up costs.
Do you negotiate car prices in Germany? ›
New Cars (Neuwagen)
You can usually find someone at the showroom who speaks English, and German law generally prohibits the freewheeling bargaining that is so common in other countries. So, in theory, what you see on the sticker is what you should have to pay for the car.
How much is gas in Germany 2023? ›
In 2023, household customers in Germany under a default contract paid 16.25 euro cents per kilowatt hour for gas.
How much does Audi cost in Germany? ›
The entry-level version, the Audi A5 Sportback 1.8 TFSI, has a list price of 33,350 euros. The A5 Coupé with the same engine retails for 34,200 euros and the A5 Cabriolet 1.8 TFSI for 38,800 euros.
How much is a Porsche in Germany? ›
Prices in Germany start at EUR 83,520.
What is the average price of a second hand car in Germany? ›
For used cars, the average price in 2013 was EUR 9,420, but last year it was already EUR 18,800 (+100%). In 2019, 44% of all used cars traded were still in the price segment up to EUR 10,000. In 2022, it was only 23%.
