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New passenger cars in the Czech Republic became cheaper in the quarter

The price of diesel cars fell by 1.6 percent and petrol cars by 0.3 percent. Hybrids fell 0.6 percent. On the other hand, CNG cars rose slightly by 0.1 percent. For electric cars, the price stagnated.

“Thanks to the price index, we can observe the first impacts of covid-19 on the Czech car market in the last quarter. Slight discounts thus occur not only at the difficult-to-monitor level of the seller – consumer, but also at the level of the official offer of car dealerships, ”said EY partner Petr Knap.

“According to the development so far, it is possible that selected prices of new vehicles may continue to fall in an attempt to improve this year’s sales results. However, the forecasts for price list discounts in the amount of lower tens of percent are definitely not being fulfilled, ”he added.

About 40 percent of the cars in the basic equipment became cheaper due to special price lists. Compared to the beginning of 2018, however, the cheapest variants of cars, despite discounts in the last quarter, are on average 9.5 percent more expensive; in monetary terms, they have risen in price by CZK 39,866 in a year and a half.

For example, the Ford Kuga fell by 141 thousand crowns in the second quarter, the Škoda Octavia by 140 thousand crowns and the Nissan Qashqai by 118 thousand crowns, while Škoda came up with an Active equipment level and a special 125-year edition and a 1.0 TSI engine.

On the contrary, a significant increase in prices was recorded for the Dacia Duster models, namely by 50 thousand crowns and Renault Captur by 105 thousand crowns. The first of them ended the special offer, the second of them introduced a new generation with a changed offer of engines.

Compared to April, 38.2 percent of the most expensive variants of the monitored models became more expensive. The highest growth was recorded in the mini car segment, by 4.1 percent and small cars became more expensive by 2.6 percent. The highest available variant of the Renault Captur (260 thousand crowns) and Renault Clio (119 thousand crowns) became the most expensive.

On the other hand, the price of the highest equipment for Nissan Qashqai models fell by the most by 104,000, which became cheaper across all equipment. Prices also fell by 104,000 for Volkswagen Golf models, which is due to the termination of the offer of the electric variant of e-Golf.

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