While there has been a sudden fall in the prices of cars in 18 European Union countries, Poland has experienced an average increase of 2.2 percent in prices, with only Volkswagen lowering its prices in the Polish market.
The fall in prices was particularly marked in Slovenia (-13.4 percent), Lithuania (-11.1 percent), Slovakia (-11.0 percent) Romania (-10.1 percent), the Czech Republic (-9.4 percent), Malta (-9.2 percent) and Bulgaria (-9.1 percent).
Larger markets such as Italy, Germany and France are much more stable compared to new member states, experiencing around a one-percent price reduction.
According to the European Commission, governments are giving bonuses to new ecological cars generated by renewal subsidies which are seen more in these larger markets.
While the UK is viewed as the strongest market, with prices increasing by 11.2 percent, Poland’s year-on-year changes are very similar to nations with larger markets.
“We are a fairly stable market which – of course keeping things in perspective – is more similar to Germany than Romania,” Andrzej Halarewicz, head of automotive market researcher JATO Dynamics in Poland was quoted by Dziennik Gazeta Prawna as saying.
From Warsaw Business Journal
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