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According to the study, increasing enthusiasm for car purchases, but concerns about traditional brands

(ots/fn) Despite increasing car purchase budgets and growing consumer enthusiasm, doubts about the future viability of individual traditional brands are rising. According to the Simon-Kucher Automotive Study, more than half of Germans fear that established manufacturers could disappear from the market in the future.

Automotive Study: Purchasing Mood Defies Inflation - but Many Germans Fear the Extinction of Traditional Brands like Opel. (Symbol photo: Blomst/pixabay)
Automotive Study: Purchasing Mood Defies Inflation - but Many Germans Fear the Extinction of Traditional Brands like Opel. (Symbol photo: Blomst/pixabay)
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von Franziska Neuner
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The reasons: the high dynamics in the field of e-mobility, innovation pressure, new competitors, and sustainability requirements. In the top ten automotive manufacturers threatened by brand extinction are also Opel, Audi, and BMW.

  • Inflation does not reduce willingness to buy: The budget of Germans for car purchases is increasing
  • 53% of Germans believe that established car brands will disappear
  • Germans see Opel (20%), Audi (15%), and BMW (11%) as particularly at risk among German manufacturers
  • 61% see electric cars as the future; demand is rising from 52% to 56% (to 63% for premium cars)
  • VW is the most popular non-premium brand in Germany ahead of Ford and Skoda
  • Willingness to pay for leasing/subscriptions is decreasing - likely due to price pressure from Chinese brands

Are traditional German car brands prepared for the future? The Simon-Kucher Automotive Study shows that 53 percent of Germans believe that some established car brands could disappear from the market in the coming years. And this, despite both the budget for the next car purchase and the willingness to buy are rising again.

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Opel, Audi and BMW Particularly at Risk

Fiat, Ford, Kia. The top 10 automotive manufacturers most threatened by brand extinction include manufacturers from around the world. Leading the way is Daihatsu. 28 percent of Germans believe that this brand may soon disappear. But traditional German brands are also found in the ranking. Germans see traditional brands like Opel (20 percent - 2nd place), Audi (15 percent - 5th place), and BMW (11 percent - 8th place) in danger.

"Without Adaptation, Loss of Market Share Threatens"

"Established brands face the challenge of securing their relevance due to the high dynamics in electromobility, innovation pressure, new competitors, and sustainability requirements such as the ban on combustion engines," emphasizes Matthias Riemer, Partner at Simon-Kucher. "Without adaptation, traditional German brands also face the loss of market share and trust!"

VW in 1st Place Ahead of Ford and Skoda

But who emerges as the winner from this development? When it comes to brands, VW remains the most popular non-premium brand ahead of Ford and Skoda. In terms of propulsion, the signs point to electromobility. 61 percent of Germans see e-cars as the future. Here, demand rises from 52 percent to 56 percent (even to 63 percent for premium cars). In general, however, Germans appear to be open to technology. Thus, 60 percent consider petrol engines, 51 percent plug-in hybrids, 49 percent hybrids, and 27 percent diesel. Propulsion as the primary purchase driver moves somewhat into the background.

Price Pressure from China Influences Market

In contrast, the Simon-Kucher automotive study sees a decrease in the willingness to pay for leasing/subscriptions.

"While the car-buying mood of the Germans is rising, the leasing sector sees a decreasing willingness to pay despite increasing customer interest," says Alexander Dietz, Senior Director at Simon-Kucher. "The main reason is the increasing competitive pressure fueled by new brands from China. Established manufacturers feel compelled to follow suit in this sales channel, even against the existing competition."

An indication of this: Already 34 percent of Germans are considering buying a Chinese car.

Majority have already decided on the brand of their next car

E-cars, pressure from increasing competition, existentially threatened brands - Can car manufacturers still persuade potential buyers?

"Convincing car buyers to switch to a new brand at the last minute? That's almost impossible," says Matthias Riemer.

Already 60 percent of Germans have decided on the brand of their next car. As for the type of drive, 71 percent are already certain.

"It is all the more important for car manufacturers to position themselves long-term and create sustainable growth with the right strategies. The key: A market-oriented approach focused on customers, implemented dynamically."

About the study

The representative Simon-Kucher Automotive Study was conducted in July 2024 by Simon-Kucher in cooperation with the independent market research company Dynata. 1,000 consumers in Germany were surveyed about purchasing decisions, brand perception, and technological innovations.

Translated automatically from German.
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