Buying a vehicle in 2023 is 30% more expensive than before the pandemic
The average price of vehicles so far this year stands at 23,613, which is 8% higher than in the same period in 2022; It could translate into an increase of around 2,000 euros more. According to data from the Tax Agency, this implies 30% more expensive than before the start of the pandemic, when they cost an average of 5,550 euros less.
The latest data published by the Tax Agency indicates that the cost of vehicles has maintained an upward trend, without falling below 5% year-on-year since 2020a year in which automobile production was affected by the stoppage of international freight transport.
It also influenced, at least the arrival of different components necessary for automobile production in Europe, the grounding of the cargo ship Ever Given between March 23 and 29, 2021 in the Suez Canal, an artificial navigable strait through which around 10% of the world’s goods circulate.
Electric cars
The update of the gas emission measurement software of all diesel cars from Volkswagen group factories after the “Dieselgate”, a scandal that occurred in 2015 in which the amount of gases emitted by cars from the German manufacturer was falsified, was the beginning of the tightening of measures in favor of sustainability, which increased the final bill of the vehicle.
The increases in the average price are evident in all types of vehicles, regardless of the engine used for their operation.
Furthermore, electric vehicles, key to reducing CO2 emissions, They maintain a high price by requiring a greater amount of raw materials to match the efficiency of those with conventional engines, according to a report by the consulting firm McKinsey & Company.
Inflation
On the other hand, high inflation, the higher cost of energy, particularly gas and electricity, and the rise in prices of raw materials such as steel, glass or rubber, are behind the general increase in the price of automobiles. New vehicles are about 7,000 euros more expensive
The Balearic Islands, with an average of 19,565 euros, and Melilla, with 20,792 euros, are the cheapest autonomies to purchase a vehicle
This increase is especially noticeable in new vehicles, whose price has increased by 35% between January and August compared to the same period in 2019 if it has been purchased in Spain and 41% if it has been purchased outside the country, which is equivalent to 6,700 and 7,200 euros more, respectively.
Compared to the previous year, the price of new vehicles purchased In Spain it has grown almost 8%, about 1,900 euros more, and that of those acquired abroad has risen by 14%, more than 3,000 euros.
In the case of used vehicles, the amount to pay is only 86 euros higher in the first eight months of 2023 compared to the previous year, although if compared with the average price of 2019, a decrease of 12% is recordedso buyers save 1,392 euros.
By CC.AA
By autonomous community, Cantabria, with 26,226 euros, and Ceuta, with 25,434 euros, They are the most expensive to buy a car, more than 6,000 euros compared to the cheapest: Balearic Islands, with 19,565 euros, and Melilla, with 20,792 euros. Price increases on all types of engines
Thus, buyers have spent 9.3% more, almost 2,000 euros, on each diesel vehicle between January and August 2023 compared to the same period, while the average price of gasoline cars has increased by 7.17%. , about 1,700 euros more than in 2022.
Despite the smaller increase, cars that are committed to sustainability are the most expensive, since more than 30,000 euros are needed for its acquisition.
Registrations
Despite the rise in tourist prices, car registrations grew by 13.8%. up to 634,324 units, in the first eight months of the year compared to the same period of the previous year, in which 557,245 cars were registered.
However, the number of registrations has not recovered pre-pandemic levels, by registering 851,789 vehicles between January and August 2019, 34% more than the 2023 figure.
