New car prices in Austria drop below 20,000 euros

New cars in Austria are currently at their lowest prices in a long time due to manufacturer promotions. Entry-level prices, including for electric vehicles, are falling significantly below 20,000 Euros. This price drop is a response to decreased demand since the pandemic, leading to factory overcapacity. Several new combustion engine models are available for under 20,000 Euros, with the Dacia Sandero being the cheapest. While prices have risen historically due to inflation, supply issues, and mandatory safety features, current promotions make purchasing a new car more affordable. Some industry insiders predict even lower prices, especially for electric cars, in the coming year.