Study: New car prices rise faster than incomes in Germany

NAMPA / DPA

2025-05-28

Berlin (dpa) - New cars have become less affordable in Germany in recent years, according to a study by the management consulting firm Oliver Wyman and market research firm Jato Dynamics. Between 2019 and 2024, average net annual income in Germany rose by 24% - from around ?26,100 ($29.555) to nearly ?32,400. Over the same period, the average price of a new car jumped by around 40%, from roughly ?30,200 to ?41,800. In 2019, buyers needed 1.16 ye......

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