I think it’s more that things are settling back to ‘normal growth’, after the insane bubble that has been growing the last couple of years.
VW are offering 0% on the outgoing ID.3, the new facelifted model is just launching Europe wide and here in the UK VW still want you to pony up 4.5% on finance.
EV sales across Europe up over 13% YoY in Europe, Model Y the best selling model and VW the top selling EV group narrowly ahead of Tesla.
https://www.counterpointresearch.com...sales-q1-2023/
I think times are tough for a lot of car manufacturers, interest rates are high, the middle earners are being squeezed from all sides and lower earners priced out of new car anything.