news hardware Price of new cars in France: it’s very expensive! what’s going on
If you’re looking to buy a new car, now really isn’t the best time! Black Friday won’t do that, and the current situation is unlikely to improve any time soon. But why can’t we find a new car under $10,000 anymore? We explain it to you.
New cars under 10,000 dollars are no longer available!
Buying a car is never easy. And currently Buying a new car has never been so difficultespecially because of the price increase that affects almost all models, whether electric, hybrid or thermal. The reason: inflation, which affects the entire economy and the automotive industry in particular. But that’s not the only reason there This price increase has been visible for almost 2 years and the start of the Covid-19 pandemic. Today, There is no new car under 10,000 dollars!
In fact, the prices of cars, whether new or used, have been skyrocketing for some time due to component shortages. A shortage of semiconductors that has affected and continues to affect other areas of activitylike the hardware – anyone who was looking for a graphics card during the pandemic will certainly remember it.
Photo credit: Tesla
To give you an idea Insee’s monthly barometer showed an average price increase for new cars of 7.9% over a year in May. As we explained to you above, all engines are affected, and Contrary to what one might think, electric vehicles are also severely affected. within a few months, the Tesla Model 3, for example, went from $43,800 in 2021 to $53,490 at the time of this writing.
Dacia, Peugeot and Renault prices are rising
As we explained to you earlier in this article, It’s really not the right time to buy a new or used car. to tell you even the Dacia Sandero – who has long been the best exponent of small budgets – has passed the symbolic mark of $10,000. While we found what we were looking for at 8,690 dollars at the end of 2020, the modern sedan is now priced at 11,490 dollars, which corresponds to an increase of more than 2,500 dollars within two years.
But not only the subsidiary of the Renault group is a victim of inflation. Even the big fish in French industry have to deal with rising costs. Bestsellers like the Peugeot 208 or the Renault Cliohave also experienced fluctuations in their price. The first went from $16,000 in April 2021 to $16,400 currently while the second is available from $17,100 while it was sold new in August 2021 at a price of $15,900.
Copyright: Peugeot and Renault
The problem of this price increase is also closely related the end of the ultra-compact city runabouts from Citroën and Peugeot. If you’ve been used to seeing the triplets parading your streets – Citroën’s C1, Peugeot’s 108 and Toyota’s Aygo – well, you’ve no doubt noticed that we’ve been seeing a lot less of them for a while. As a matter of fact, only Toyota wanted to continue production of its Aygo Give him a mini crossover style (Aygo X). as a reminder These triplets had pretty attractive prices (approx. $11,500) if they occupy the catalogs of these manufacturers.
If European and especially French cars are much more expensive today than they were a year or two ago, the best options then remain Korean and Japanese. In a way the Hyundai i10 and the Kia Picanto are a bit like the successors of the 108 and the C1 – $12,940 and $12,790 respectively. What is certain is that the current situation in the automotive market will not improve in the foreseeable future. If you want to buy a new vehicle, we can only advise you to do so Be patient and wait out the inflation storm.
