Is this the end of new cars under 10,000 euros?
New cars under 10,000 euros are rare. If you were planning to buy a cheap model, then you must pass this symbolic bar!
Surely you have noticed this price increase. Find a car inside from now on €10,000 new turns out to be very complicated.
And with good reason, all manufacturers are forced to do soincrease their prices. Bad news for the tight budget, it’s the low cost car sector that has suffered the most!
Why do cheap manufacturers have to raise their prices?
If you need to renew your vehicle this year, bad choice! Especially for them entry-level models.
In fact, the vehicles are displayed earlier at prices around the €10,000 Watch the price increase by several hundred euros.
But why so much increase ? This price increase is due, among other things, to the lack of microchips within the automotive industry.
For low-cost manufacturers like dacia For example, it forces them to buy certain components at full price.
The cost of raw materials is exploding
In addition, the conflict in Ukraine highlights certain tensions in the materials market. In fact, the latter are becoming increasingly rare and prices automatically increase with the ever-increasing demand.
Worse, some materials are largely manufactured by Russia, while that country has been under a trade embargo for months.
According to the bank JP Morgansince January 1, 2022, the prices of steel increased by 80% and that of plastic by 25%!
Dacia, manufacturer suffering the brunt of this crisis!
Among all manufacturers it is dacia which suffers the most from this increase. The Spring case is the most significant.
Since January, the electric Dacia has earned 1,200 euros, of which 1,000 euros in March/April alone!
Both the Sandero and the Duster have an increase in between 300 and 500 euros since the beginning of this year.
Finally the latest model from Dacia, the jogger was not spared either. Depending on the version, it takes an increase of up to 100% on average 500 to 1,050 euros.
The low-cost division of the Renault group even had to justify itself to these price increases, claiming that they were forced and coerced…
Dacia continues to increase the price of the Spring, Sandero and Jogger models https://t.co/WIg1r0KufU pic.twitter.com/gggipnfstt
— Capital (@MagazineCapital) May 3, 2022
The cheapest models on the market
The Hyundai i10 is Korea’s small city car much appreciated for its fresh and youthful design, a “detail” that appeals to buyers. This car is recommended for enthusiasts looking for a small, agile and versatile car. It has also seen its prices rise: it starts with €12,640.
It is an ideal city car; Well equipped with a very reasonable price, the little Italian has many arguments to show for itself! And above all its price: it starts €11,190
You can find used Twingos at all prices. But nothing beats a new car! However, the flagship of city cars has also increased its prices. The base version in “Equilibre” finish now starts at €15,750.
So little Japanese off-road vehicle starts from €15,390. It is ultra-compact and a very agile and easy-to-drive vehicle. The urban environment is his preferred medium. The controlled consumption of the Ignis is also its strength!
With raw material prices rising, the Romanian manufacturer had no other choice. Gone are the days of Sandero under the €9,000 mark! Now you have to pay €10,790 for the model with the cheapest version.
The possibility of staying under €10,000
Here are some ads that might suit those on a budget!
Buying a car in Germany can be tempting. But is it really as easy as it seems? Is that a risky move? Here are some explanations on importing a vehicle from Germany https://t.co/KEMxr4Edts
— AutoPlus (@AutoPlusMag) April 5, 2022