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 Czechia 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.
Average prices for new cars in Germany from 1980 to 2023
(in euros)
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DAT. (February 2, 2024). Average prices for new cars in Germany from 1980 to 2023 (in euros) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/589607/average-prices-new-cars-germany/
DAT. "Average prices for new cars in Germany from 1980 to 2023 (in euros)." Chart. February 2, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/589607/average-prices-new-cars-germany/
DAT. (2024). Average prices for new cars in Germany from 1980 to 2023 (in euros). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/589607/average-prices-new-cars-germany/
DAT. "Average Prices for New Cars in Germany from 1980 to 2023 (in Euros)." Statista, Statista Inc., 2 Feb 2024, https://www.statista.com/statistics/589607/average-prices-new-cars-germany/
DAT, Average prices for new cars in Germany from 1980 to 2023 (in euros) Statista, https://www.statista.com/statistics/589607/average-prices-new-cars-germany/ (last visited October 30, 2024)
Average prices for new cars in Germany from 1980 to 2023 (in euros) [Graph], DAT, February 2, 2024. [Online]. Available: https://www.statista.com/statistics/589607/average-prices-new-cars-germany/