Average prices for new cars in Germany from 1995 to 2019

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 close to 33,600 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 BMW made up the top three. Volkswagen also bought other car brands in recent years, among them Audi and Porsche. The leading car models among German new car buyers were from Volkswagen. Consumers particularly favored the VW Gold, the VW Tiguan and the VW Polo.

New car market future

The new car market in Germany brought in increasing revenue since 2000. Figures show a noticeable growth after 2018, from 107 billion euros to over 121 billion euros. In 2019, most new passenger cars registered in Germany were produced domestically. Meanwhile, shortly into 2020, the coronavirus (COVID-19) pandemic, subsequent economic shutdowns and restrictions brought various manufacturing sectors to a halt. Sales were also negatively affected. In fact, new passenger car sales dropped noticeably in Europe.