This is stated by the Road Traffic Information Council (OFV) in a press release on Monday morning.
The latest interest rate increases, together with the introduction of value added tax on electric cars and a sharp increase in car taxes from New Year’s, in addition to the strong price increase in a number of areas, have put the purchase of a new car on hold for many, writes OFV.
At the same time, the recent figures show that the share of electric cars was a record high for September as a single month. So far, electric car penetration accounts for just over 83 per cent of all first-time registered new passenger cars.
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“The shopping party was paused”
The registration statistics for new passenger cars are dominated by the well-known car brands Volkswagen, Toyota, Volvo and Skoda – with Tesla at the top.
“At the same time, the tendency is for slightly cheaper car models than before to dominate, and that the buying spree for the big and expensive cars has been put on hold,” it says.
At the beginning of October, there were a total of 95,497 first-time registered new passenger cars. That is 7.1 percent fewer than in the same period last year.
– Now we see the effect
In December 2022, a new registration record was set in a single month with almost 40,000 new cars. It happened after the introduction of VAT on electric cars and major tax changes from the first day in 2023 were announced.
– Now we clearly see the effect of this. The combination of VAT on electric cars, significant tax changes and a sharp general price increase and many interest rate increases have led to many people either waiting and postponing or even canceling the purchase of a new car, says OFV director Øyvind Solberg Thorsen.
2023-10-02 09:03:53
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