EconomyOrders for new vehicles are (still) falling

Orders for new vehicles are (still) falling

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Order books for new vehicles are shrinking at most automakers. Oliver Zipse, the boss of BMW has also publicly acknowledged this during the presentation of the group’s half-year results on Wednesday August 3. This suggests a complicated period for the sector, which has been forced to increase its prices – sometimes copiously – in recent months to protect its margins against the increase in the price of materials, electronics in particular.

Oliver Zipse, boss of BMW AG. -DR
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These price increases would be one of the explanations for the reduction in orders, associated with the fear of a recession and the galloping inflation recorded in recent months, which makes consumers very cautious. Analysts predict that the peak of inflation will be reached within a few months. But will this be enough to boost sales?

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Source: 20minutes

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