July marked the 7th consecutive month in which interest in electric cars collapsed in Germany. Now the new electric cars, which are not sold, are starting to be an acute problem.
In Germany, there is an ever-increasing number of new electric cars that have not yet been sold. And now the number of unsold cars is starting to become an acute problem.
This is written byAutomobilwoche .
Even only slightly used electric cars, it is difficult to find buyers at all. At the same time, prices – also for new cars – continue to fall.
In fact, the increase in the supply of electric cars on the German market in the second quarter of 2024 was the largest the country has ever recorded. And that has only caused prices to drop even more.
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But the motorists are not biting after the German government removed all support for the electric car with immediate effect last December.
– The wave of electric cars that are pushing into the market for used electric cars is currently building up in earnest, says Christian Wittmann, who is a used car expert at the consulting company RPC, to Automobilwoche.
What hurts drivers, banks and car dealers the most is that the residual value of the cars cannot keep up with the prices at which the cars are set in the various markets.
Therefore, many electric car owners, also here in Denmark, are surprised that their cars make them technically insolvent. In other words, they are left with a product that is worth far less than what they bought it for. In fact, the cars are worth so little that drivers with loans on their cars are still in many cases left with an unpaid loan.
According to Automobilwoche, the situation in Germany causes the country's car dealers to export cars to other dealers outside Germany, rather than sell them to motorists. There is simply more money in that.
But it is slow to get the cars away. Even when exports are taken into account, in June there were still 100,000 new electric cars in stock at dealers around Germany.
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