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    BusinessThe price of new cars touches maximums in November by shooting up 10%

    The price of new cars touches maximums in November by shooting up 10%

    File – Image of a dealership. – CARS.NET – File

    MADRID, Dec. 14 (EUROPA PRESS) –

    The Consumer Price Index (CPI) for new cars rose to an all-time high of 10% year-on-year last November, compared to 9.5% recorded the previous month, according to data from the National Institute of Statistics. (INE).

    Sources from the automotive sector consulted by Europa Press attributed this increase in the price of cars to the shortage of models offered due to the lack of components and production problems. In this environment, brands have chosen to boost sales of the most profitable models and in the channels with the highest margin.

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    Regarding the month-on-month variation, price growth in November was 0.8%, while the increase in the cost of new cars so far this year has stood at 9.7%.

    The rise in the price of new cars was significantly outpaced by the increase registered in second-hand cars, which stood at 15.2% in the interannual rate last November.

    At the same time, used cars experienced a monthly increase of 2.2% in the eleventh month of the current year, while the increase so far in 2022 reached 14.3%.

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    Motorcycles, for their part, increased their year-on-year price by 5.2% in November, as well as one tenth in the month-on-month comparison and 5% since January, while tires became more expensive by 13.8% year-on-year, 0 .8% month-on-month and 12.5% ​​accumulated.

    In addition, spare parts also saw their price skyrocket by 8.6% year-on-year in the eleventh month of 2022. The monthly variation was six tenths upward and 7.5% since the beginning of the current year.

    Lastly, vehicle maintenance and repair services registered a 5.4% increase in their price compared to the same month of the year, with a monthly increase of 0.5% and 5.1% so far of exercise.

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