Car price – PKW Zubehoer http://pkw-zubehoer.com/ Sun, 12 Jun 2022 21:41:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pkw-zubehoer.com/wp-content/uploads/2021/09/icon-2-150x150.png Car price – PKW Zubehoer http://pkw-zubehoer.com/ 32 32 Electric car price war is coming, says Ford CEO https://pkw-zubehoer.com/electric-car-price-war-is-coming-says-ford-ceo/ Wed, 01 Jun 2022 07:00:00 +0000 https://pkw-zubehoer.com/electric-car-price-war-is-coming-says-ford-ceo/ Ford CEO Jim Farley believes the electric car market will soon enter a price war with the next $25,000 models. He added that the electric vehicles will be sold 100% online and will have a non-negotiable price. Thanks to production constraints and high demand, nothing looks like a price war when it comes to electric […]]]>

Ford CEO Jim Farley believes the electric car market will soon enter a price war with the next $25,000 models. He added that the electric vehicles will be sold 100% online and will have a non-negotiable price.

Thanks to production constraints and high demand, nothing looks like a price war when it comes to electric cars right now. On the contrary, low inventory and high demand are causing dealerships to charge high premiums for electric vehicles – but a major industry player thinks that’s about to change.

At Bernstein’s Strategic Decisions Conference on Wednesday (via ABC), Ford CEO Jim Farley said he expects the cost of building electric vehicles to come down in the coming years — enough. low to sell EVs in the roughly $25,000 range.

He thinks this will lead to a “huge price war” in the industry:

So I think our industry is definitely heading for a huge price war.

He noted that the Mustang Mach-E starts at around $45,000, but the battery alone costs Ford $18,000. That doesn’t leave much room for lower prices.

Farley thinks significant cost improvements are coming for batteries, and Ford is developing its next-generation EV platform that he says will lead to significant reductions in manufacturing costs.

Half the fasteners, half the workstations, half the welds, 20% less fasteners. We designed it, because it’s such a simple product, to radically change manufacturability.

In order to be prepared to be more price competitive during this potential “price war”, Farley said Ford was also prepared to reduce distribution and advertising costs.

Farley did not share any specific plans on a $25,000 electric vehicle model, but there are already a few plans in the industry.

VW has its ID.Life concept, which the German automaker says is a preview of its next around $24,000 electric car. Tesla has also talked about launching a $25,000 electric car, but CEO Elon Musk recently said he’s put work on the model on hold as the company focuses on ramping up production of its existing vehicles.

Electrek’s Grasp

It’s an interesting take. I think this year could be one of the few – if not the only – year that EV battery costs are increasing due to a bunch of different factors. So when it comes to seeing EV prices come down, I think we might have to wait a bit.

I think Farley’s point is still correct, but it will probably be closer to 2024-25. I think EV demand will still far exceed EV production at this point, but there will be many more options, which should create better competition, including on price.

What do you think? Let us know in the comment section below.

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Gran Turismo 7 quietly rolls out legendary car price increases with its latest update https://pkw-zubehoer.com/gran-turismo-7-quietly-rolls-out-legendary-car-price-increases-with-its-latest-update/ Mon, 30 May 2022 07:00:00 +0000 https://pkw-zubehoer.com/gran-turismo-7-quietly-rolls-out-legendary-car-price-increases-with-its-latest-update/ Since its launch, Gran Turismo 7 has been criticized for its aggressive monetization, with many new cars costing an exorbitant amount of credits, and the process to earn them in-game being too cumbersome. Following a backlash that saw GT7 users’ score drop to 2.0 on Metacritic, Polyphony Digital’s Kazunori Yamauchi promised changes to the game’s […]]]>

Since its launch, Gran Turismo 7 has been criticized for its aggressive monetization, with many new cars costing an exorbitant amount of credits, and the process to earn them in-game being too cumbersome. Following a backlash that saw GT7 users’ score drop to 2.0 on Metacritic, Polyphony Digital’s Kazunori Yamauchi promised changes to the game’s economy…

Thank you for your continued support and feedback on Gran Turismo 7, your voices have not been ignored. I would like to apologize for the frustration and confusion caused last week with our patch updates which resulted in not only a server crash but also in-game economy adjustments which were made without a clear explanation to our community.

Payments have increased somewhat, but have things really changed that much? Gran Turismo 7 is attracting new heat after its recent 1.15 update, as a large number of the game’s Legend cards have increased in price. These are mostly cars included in the Hagerty collection, dynamically priced by the insurance company based on actual appraisals, which might seem like an interesting realistic touch, until you realize it means that the prices of these cars will rise almost constantly. (classic cars rarely devalue in the price). According to a list aggregated by the GTPlanet Eggstor forum poster, the latest GT7 update saw the price of almost 30 cars increase, with only two (modest) decreases. Some vehicles, like the Ferrari F40, almost doubled in price, going from 1.35 million credits to 2.6 million credits.

The Last of Us multiplayer is now a standalone title, as big as ND’s single-player games

Now, again, the idea that the value of virtual cars increases with real inflation might not be the worst thing in a “realistic” car simulation, if making money was not that difficult. But, despite some adjustments, this is still largely the case. The inability to sell cars, persistently low payouts for most races, lack of time-limited events and challenges, and other issues continue to limit players’ earning potential. It seems, despite promises to the contrary, that Sony and Polyphony remain focused on promoting the MTX with GT7.

Gran Turismo 7 is out now on PS4 and PS5.

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Here’s how to recognize a good deal https://pkw-zubehoer.com/heres-how-to-recognize-a-good-deal/ Fri, 20 May 2022 15:35:00 +0000 https://pkw-zubehoer.com/heres-how-to-recognize-a-good-deal/ Image: Getty (Getty Images) Despite some reports of falling used car pricesconsumers are still faced with used cars that are much more expensive than expected. In a market where inventory moves quickly and dealers rarely move on price, here’s how you can determine if you’re getting a fair deal. In this crazy used car market, […]]]>

Image for article titled How to Know if You're Getting the Best Price for a Used Car

Image: Getty (Getty Images)

Despite some reports of falling used car pricesconsumers are still faced with used cars that are much more expensive than expected. In a market where inventory moves quickly and dealers rarely move on price, here’s how you can determine if you’re getting a fair deal.

In this crazy used car market, buyers need to understand that a “deal” is relative to what is available and what price range the desired vehicle falls into. Forget what you paid for a certain car a few years ago — everything is more expensive now.

You should mostly ignore the “savings” a reseller says you get. I also advise against dwelling on what a third-party pricing website like KBB or Edmunds tells you. should pay for a certain car. These sites can provide useful guidance in terms of general price ranges, but the reality is that a car is the penalty what someone is willing to pay. Just because your target car has a higher retail price than the guidelines say, doesn’t automatically mean it’s a bad deal.

One of the best methods I have found over the years is to review a list of vehicles against other comparable vehicles in the same area.

Image for article titled How to Know if You're Getting the Best Price for a Used Car

Screenshot: Autotrader.com

As you can see the prices are quite similar across most listings considering the mileage, but let’s compare the two listings below.

Image for article titled How to Know if You're Getting the Best Price for a Used Car

Screenshot: Autotrader

Both cars are 2019 Nissan Rogues with the Premium Package, but Millenium Chevrolet’s car has about half the mileage for just $74 more. On the surface, that makes this car a better value. However, the advertised prices do not tell the whole story. Dealers have been “playing” the pricing system online for a while, even before the inventory mess. They will advertise a competitive price in the market, only to add a bunch of incidentals that make the total price less competitive. That’s why it’s essential to get a full number from a dealer, so you can make an accurate comparison.

Of course, where this approach becomes difficult is when comparing models with different levels of equipment. This is often the case with luxury cars and vans, where you may have vehicles that are visually similar and may even be of the same “trim”, but could have substantial differences in their original MSRP. This is when having access to the vehicle’s original window sticker or build sheet comes in really handy. Brands like Volvo, Stellantis and Hyundai do a great job of incorporating these window stickers into Carfax reports. There are also third-party sites like VinAnalytics who can provide original build sheets and MSRPs for high-end vehicles like Porsche and BMW.

Besides looking at year, mileage/warranty balance, price, and equipment, another factor is distance. Casting a wide net will give you more inventory to choose from and potentially better value, but you’ll want to balance the travel/transportation costs to get this car versus buying it local.

Where a lot of buyers get frustrated is when they feel the need to get into a back and forth negotiation on a car that’s already priced appropriately for the market, and then that vehicle gets picked up by someone else. ‘other. If you’re unsure whether or not you have a competitive agreement, ask yourself this question: Can I find a car of the same or newer model year, with similar mileage and equipment, for less? If the answer is no, you have probably found your agreement and you should act quickly.

Tom McParland is a contributing writer for Jalopnik and runs AutomatchConsulting.com. It takes the hassle out of buying or renting a car. Do you have a question about buying a car? Send it to Tom@AutomatchConsulting.com

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Decline in used car prices continues, but slows https://pkw-zubehoer.com/decline-in-used-car-prices-continues-but-slows/ Tue, 10 May 2022 11:22:54 +0000 https://pkw-zubehoer.com/decline-in-used-car-prices-continues-but-slows/ Find out what clicks on FoxBusiness.com. Used car prices fell again in April, but at a slower pace than in March. Used car sales fell in April. (Justin Sullivan/Getty Images) A shortage of new cars and headline inflation have pushed prices to record highs in recent months, but automakers are starting to see improvements in […]]]>

Used car prices fell again in April, but at a slower pace than in March.

Used car sales fell in April. (Justin Sullivan/Getty Images)

A shortage of new cars and headline inflation have pushed prices to record highs in recent months, but automakers are starting to see improvements in parts, supplies and production.

The shortage of new cars has driven up used car prices. (AP Photo/Sue Ogrocki)

According to the latest Manheim Used Vehicle Value report, wholesale prices paid by dealers fell an average of 1% from March to April, adjusted for several factors, compared to 3.3% from February to March. This is the fourth consecutive month of decline.

Lot of used cars

Used car prices are falling. (Justin Sullivan/Getty Images)

Used car retail sales were weaker than expected in the month, down 13% month-on-month, which Manheim said coincides with a delay in paying some returns of income.

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Wholesale prices tracked by Manheim typically lead retail prices by several weeks.

In March, iseecars.com reported an average used car transaction price of $34,429 based on 1.8 million sales, up 30.4% from a year earlier.

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Honda City Hybrid Car Pricing in India Revealed: Availability, Features and Specs https://pkw-zubehoer.com/honda-city-hybrid-car-pricing-in-india-revealed-availability-features-and-specs/ Thu, 05 May 2022 08:24:18 +0000 https://pkw-zubehoer.com/honda-city-hybrid-car-pricing-in-india-revealed-availability-features-and-specs/ The Honda City e:HEV is powered by a 1.5-liter i-VTEC engine and an electric traction motor that produces a combined maximum power of 126 hp and 253 Nm of peak torque. The vehicle also incorporates Honda Sensing, Honda’s in-house camera-based ADAS feature. Honda City e:HEV India pricing, launch and availability The Honda City e:HEV which […]]]>

The Honda City e:HEV is powered by a 1.5-liter i-VTEC engine and an electric traction motor that produces a combined maximum power of 126 hp and 253 Nm of peak torque. The vehicle also incorporates Honda Sensing, Honda’s in-house camera-based ADAS feature.

Honda City e:HEV India pricing, launch and availability

The Honda City e:HEV which was introduced last month has been launched in India and will be available for delivery immediately. The Honda City e:HEV will be available in a single ZX trim level that will get all the bells and whistles. The car is priced at Rs 19,49,900 (ex-showroom, Delhi) and is available for reservations.

The Honda City e:HEV is available in five color options: Radiant Red Metallic, Platinum White Pearl, Meteorite Gray Metallic, Golden Brown Metallic and Lunar Silver Metallic. The Honda City e:HEV charges a premium of around Rs 4 lakh over the top-end ICE-powered standard Honda City ZX CVT, priced at around Rs 4 lakh. Rs 15.03 lakh (ex-showroom).

Honda City e:HEV Features and Specs

The Honda City e:HEV is powered by a 1.5-liter four-cylinder i-VTEC engine that runs the Atkinson cycle for class-leading thermal efficiency. The engine is part of a powerful hybrid system and is coupled to two electric motors, a battery, a control unit and an e-CVT. Combined, the system generates 126 hp of peak power and peak torque of 253 Nm. The potent hybrid powertrain achieves ARAI-certified efficiency of 26.5 kpl, which corresponds to 1,000 km of range. In comparison, the standard ICE-powered car with CVT gets 18.4 kpl FE.

The Honda City e:HEV also benefits from features such as a power sunroof, LED reading lights, ambient lighting, 7” color TFT display on MID and 8” infotainment system with 8-speaker surround sound system and Apple Carplay/Android Auto/WebLink support. Safety net includes – vehicle stability assist, hill start assist, emergency stop signal, deflation warning system, electronic parking brake, auto hold brake, lane monitoring camera, reversing camera and sensors, six airbags and rear disc brakes. Additionally, Honda’s camera-based ADAS feature called Honda Sensing is also part of the suite.

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Deutsche Bank Aktiengesellschaft raises Avis Budget Group (NASDAQ:CAR) price target to $238.00 https://pkw-zubehoer.com/deutsche-bank-aktiengesellschaft-raises-avis-budget-group-nasdaqcar-price-target-to-238-00/ Wed, 04 May 2022 07:00:00 +0000 https://pkw-zubehoer.com/deutsche-bank-aktiengesellschaft-raises-avis-budget-group-nasdaqcar-price-target-to-238-00/ Avis Budget Group (NASDAQ:CAR – Get a Note) had its target price raised by Deutsche Bank Aktiengesellschaft from $193.00 to $238.00 in a research note published on Wednesday, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target suggests a potential decline of 16.57% from the current share price. CAR has been the subject of a number […]]]>

Avis Budget Group (NASDAQ:CAR – Get a Note) had its target price raised by Deutsche Bank Aktiengesellschaft from $193.00 to $238.00 in a research note published on Wednesday, reports The Fly. Deutsche Bank Aktiengesellschaft’s price target suggests a potential decline of 16.57% from the current share price.

CAR has been the subject of a number of other research reports. Morgan Stanley lowered its price target on Avis Budget Group from $170.00 to $168.00 and set an “underweight” rating on the stock in a Wednesday, Feb. 16 research note. JPMorgan Chase & Co. lowered its price target on Avis Budget Group from $205.00 to $190.00 and set a “neutral” rating on the stock in a Wednesday, February 16, report. Barclays downgraded Avis Budget Group from an “underweight” to an “equal weight” rating and raised its share price target from $164.00 to $245.00 in a Wednesday 20 report. april. Zacks Investment Research upgraded Avis Budget Group from a “hold” rating to a “strong-buy” rating and set a target price of $310.00 on the stock in a Tuesday, April 19 report. Finally, Bank of America downgraded Avis Budget Group from a “neutral” rating to an “underperforming” rating and lowered its share price target from $250.00 to $240.00 in a report Wednesday, April 6. Two equity research analysts gave the stock a sell rating, four assigned a hold rating and one gave the company’s stock a strong buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $231.83.

NASDAQ CAR shares opened at $285.28 on Wednesday. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 8.80, a growth price-to-earnings ratio of 0.61 and a beta of 2.01. Avis Budget Group has a 12 month minimum of $65.87 and a 12 month maximum of $545.11. The stock’s 50-day simple moving average is $250.06 and its 200-day simple moving average is $228.24.

Avis Budget Group (NASDAQ:CAR – Get Rating) last announced its results on Monday, May 2. The business services provider reported earnings per share of $9.99 for the quarter, beating the consensus estimate of $3.45 by $6.54. Avis Budget Group recorded a negative return on equity of 942.00% and a net margin of 13.80%. In the same quarter of the previous year, the company posted EPS of ($0.46). Equity research analysts expect Avis Budget Group to post earnings per share of 22.62 for the current year.

Separately, Director Lynn Krominga sold 5,823 Avis Budget Group shares in a trade on Thursday, March 3. The stock was sold at an average price of $187.50, for a total transaction of $1,091,812.50. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders hold 37.30% of the shares of the company.

Hedge funds and other institutional investors have recently changed their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Avis Budget Group in the fourth quarter worth approximately $33,000. Lindbrook Capital LLC increased its position in Avis Budget Group shares by 737.5% in the first quarter. Lindbrook Capital LLC now owns 134 shares of the business services provider worth $35,000 after buying 118 additional shares in the last quarter. TCI Wealth Advisors Inc. increased its position in Avis Budget Group shares by 79.5% in the first quarter. TCI Wealth Advisors Inc. now owns 158 shares of the business services provider worth $42,000 after buying 70 more shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Avis Budget Group in the fourth quarter worth approximately $51,000. Finally, First Quadrant LLC CA acquired a new position in shares of Avis Budget Group during Q1 worth approximately $57,000.

About Avis Budget Group (Get a rating)

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rental, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, which provides vehicle rental and other mobility solutions to the premium business and leisure segments of the travel industry; the Budget Truck brand, a local one-way truck and van rental company with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated locations and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car-sharing network.

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Used car price increases fell slightly in March https://pkw-zubehoer.com/used-car-price-increases-fell-slightly-in-march/ Tue, 12 Apr 2022 07:00:00 +0000 https://pkw-zubehoer.com/used-car-price-increases-fell-slightly-in-march/ Let’s call it a silver lining that’s only about four percent silver – but it’s still something. According to a study of used car prices by iSeeCars, the average price of used vehicles between one and five years old fell by $600 in March. Instead of the average price for this subset of used cars […]]]>

Let’s call it a silver lining that’s only about four percent silver – but it’s still something. According to a study of used car prices by iSeeCars, the average price of used vehicles between one and five years old fell by $600 in March. Instead of the average price for this subset of used cars being $35,029, as it was in February, the average price in March was $34,429. Nevertheless, this meager silvery sheen is still wrapped around a big cloud. The year-over-year increase in March 2022 from March 2021 is down from the same year-over-year jump in February; the average cost of a used car only increased by 30.4% compared to March 2021, while it had increased by 35.0% in February. But that means the same vehicle cost $8,032 more last month than it did in March 2021. One step forward, eight miles back.

Remember when the onset of the Great Recession made the old niche Toyota Prius a must-have addition to the garage? The continued Covid grind, microchip scarcity, supply chain issues, long wait times for new cars and depressed inventories for new and used cars have done the same for bodies and powertrains with generally lukewarm response to the best of the US market. the cars with the biggest price gains are hybrids, electrics, subcompacts and hatchbacks. The Hyundai Sonata Hybrid led the way with a 63.9% jump from last March, costing $9,991 more in March 2022. Hybrids overall were up 40.5%, electrics 36.3 %. Even the Mitsubishi Mirage makes the list, asking $4,431 more than last year, a 42.6% increase. The only outlier was the Mercedes-Benz G-Class, up 48% from last year to average $220,826 thanks to customers not wanting to wait a year for delivery.

At the other end, crossovers and SUVs, coupes and pickups posted the smallest price gains. Digging into the numbers shows there are bargains to be had, the emphasis on “relative”. The top 10 vehicles with the smallest bumps are mostly already expensive, like the Jaguar F-Pace at number four and the Porsche Macan at number six, or not exactly popular, like the Nissan Titan, which makes the list twice in regular and XD forms. And those bumps still aren’t small, ranging from 9.0 percent for the Maserati Levante to 16.9 percent for the Ford Mustang.

Check out the full breakdown on iSeeCars. It’s not much for a chink in the armor of oppressive inflationary news, maybe more a scratch, but we’ll take all the crumbs of hope we can get.

Related video:

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Average used car price up 32% YoY in March, says Auto Trader https://pkw-zubehoer.com/average-used-car-price-up-32-yoy-in-march-says-auto-trader/ Fri, 08 Apr 2022 07:00:00 +0000 https://pkw-zubehoer.com/average-used-car-price-up-32-yoy-in-march-says-auto-trader/ The average price of a used car rose 32% on a year-on-year and comparable basis in March. According to the Auto Trader retail price index, this is the 24and months of consecutive year-on-year price growth; over this period, motorists will have seen the average value of their used car increase by nearly £4,400. As year-on-year […]]]>

The average price of a used car rose 32% on a year-on-year and comparable basis in March.

According to the Auto Trader retail price index, this is the 24and months of consecutive year-on-year price growth; over this period, motorists will have seen the average value of their used car increase by nearly £4,400.

As year-on-year prices continue to rise, Auto Traders said it was clear the rate of growth was beginning to slow, with March’s 0.1% rise from February’s 31.9% representing the lowest monthly move since November 2020.

Underlining the current resilience of the used car market, the latest on-site research from Auto Trader suggests that consumer confidence remains robust. About 40% of the roughly 1,600 people polled in March intend to buy in the next two weeks and 67% want to buy in the next three months.

Richard Walker, Director of Data and Insights at Auto Trader, said: “Although used car price growth and consumer demand are slowing, it is important to put this into context. Against a backdrop of “once in a lifetime” demand levels in 2021, it’s easy to misinterpret the data as a declining market, but a quick look under the hood reveals that any suggestion that prices are on the dropping point is unfounded. Despite growing economic pressures, the appetite for new and used cars remains above pre-pandemic levels, which, combined with the continued shortage of supply, will keep used car prices at a low. high level for the foreseeable future.

One in five (20%) nearly new cars currently available (those less than 12 months old) are more expensive than their brand new counterparts. Over the last 12 months the average price of these almost new cars has risen by around £8,700 and over £11,700 over the past two years. Remarkably, despite this unprecedented pricing momentum, nearly new cars sold on average 22 days faster last month than in March 2021 (30 days vs. 52).

Current record fuel prices are influencing the market dynamics of electric vehicles (EV) and internal combustion engine (ICE) vehicles. On Auto Trader, demand (based on searches and ad views) for electric vehicles has gradually waned since the initial fuel crisis in fall 2021. However, as pump prices have accelerated in recent weeks, there has been a noticeable reversal of this trend. , with demand levels for premium and branded electric vehicles by volume increasing by 79.1% year-on-year, respectively (up significantly from the 28.8% year-on-year growth recorded in February) and 120.2% year-on-year (vs. 53% year-on-year).

Although the supply of electric vehicles is growing, these external factors are driving demand at a much faster rate, helping to fuel very strong price growth for premium brand electric vehicles (20.1% YoY/ £50,499) and volume (27.5% / £26,137).

Sue Robinson, chief executive of the NFDA, added: “Used car prices remain at high levels despite a level of stabilization. Given the impact that external factors such as the rising cost of living are having on consumer confidence and given the continued supply constraints, the latest data shows that underlying demand for used vehicles remain robust. It is encouraging to see that the appetite for new and used electrified vehicles continues to be particularly strong.

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Rising car prices: Here’s how automakers are revising the prices of their top brands https://pkw-zubehoer.com/rising-car-prices-heres-how-automakers-are-revising-the-prices-of-their-top-brands/ Thu, 07 Apr 2022 07:00:00 +0000 https://pkw-zubehoer.com/rising-car-prices-heres-how-automakers-are-revising-the-prices-of-their-top-brands/ Several automakers have raised the prices of their cars due to rising entry costs from April 2022. This is the second time the auto sector has seen a price increase this year, the first rise taking place in early January. Factors like the Russian-Ukrainian war and the resurgence of the Covid-19 wave in China, the […]]]>

Several automakers have raised the prices of their cars due to rising entry costs from April 2022. This is the second time the auto sector has seen a price increase this year, the first rise taking place in early January. Factors like the Russian-Ukrainian war and the resurgence of the Covid-19 wave in China, the UK and the US also play a significant role in disrupting the supply of parts and materials.

Automakers like Maruti Suzuki, Kia, Tata Motors, MG Motor, Hyundai and Toyota among others have increased the cost of their respective cars in India with many companies delaying the delivery of their vehicles for months due to the increase in demand.

Some car manufacturers also have to limit their offers due to the constraints of the limited supply of parts in the market. Manufacturers like MG and Hyundai, which have also increased the cost of several vehicles in their lineup, have also dropped some variants and features to meet demand.

With the cost of sourcing materials continuing to rise and the unstable geopolitical situation, many builders – who have already implemented a price hike this month – may be forced to raise prices again. vehicles.

Here’s why automakers need to increase their vehicle costs and by how much:

Maruti-Suzuki

Maruti Suzuki, which has already raised the price of its vehicles four times in the past year and up to 8.8% from January 2021, had recently announced that it would raise the prices of the package again of its model lineup this month due to increased inputs. costs.

The automaker, in a regulatory filing, said that over the past year the cost of the company’s vehicles has continued to be negatively affected due to an increase in the costs of various inputs, “By Therefore, it has become imperative for the company to pass on some impact of the above additional costs to customers through increased pricing.”

The company planned to raise the cost of its cars in April but did not disclose the amount of the proposed price hike.

Kia India

Kia India has also raised prices across its entire range from April this year. This includes the Seltos, Sonet, Carnival and even the Carens which launched in March 2022.

Kia India’s rise comes as the company posted its best March sales of 22,622 units. This is an increase of 18.44% in March 2021 and 24.84% from February 2022. The company has raised the price of its cars up to 70,000 rupees.

Toyota

Toyota, on the other hand, raised prices by up to 4%, making it its second price hike in 2022 after January. The company has increased the prices of its entire line, which are the new Glanza, Urban Cruiser, Innova Crysta, Fortuner and others.

Toyota has raised the prices of its cars up to Rs 1.20 lakh.

While a car’s price increase is usually based on model and variant, Tata Motors has managed to achieve a uniform price increase across its selected models. The company has increased the prices of its cars like Altroz ​​diesel and petrol variants, Tata Harrier, Nexon diesel and petrol variants, Punch, Tiago, Tigor and Safari. All these cars are now more expensive by Rs 3,000. On top of that, the last time Tata Motors raised the prices of its cars was, like other manufacturers, in January 2022.

MG engine

MG Motor, which entered the Indian market in July 2019, offers premium cars like Hector, Gloster and Astor at competitive prices. However, due to rising input costs, the has made key changes to its lineup. Apart from revising the prices of its SUV lineup, the two lower variants of the company’s Astor mid-size SUV are currently not available for reservation.

With this temporary halt to reservations for the Style and Super variants, the price of admission to the Astor has increased significantly. The base Style trim, which was priced at Rs 9.98 lakh, now costs nearly Rs 13.28 lakh and goes up to Rs 17.72 lakh for the top-end variant. Apart from this, MG has also increased the prices of Hector, Hector Plus and Gloster SUVs up to Rs 50,000 depending on the models and variants.

hyundai india

Hyundai India, on the other hand, had updated the prices of its Creta SUV up to Rs 5,000 and also dropped the SX petrol-automatic and SX Dual Tone petrol-automatic variants. It should be noted that Hyundai might not bring back its discontinued versions as the company has already introduced new variants as replacements and is expected to work on the facelift of the new Creta as well.

BMW India

BMW India had said it would raise prices for its models nationwide by up to 3.5% from April 1, to adjust material and logistics costs, currency exchange rates and the impact of the current geopolitical situation.

The company’s Indian range includes 2 Series Gran Coupe, 3 Series, 3 Series Gran Limousine, 5 Series, X1, X3 and others. Interestingly, there are no updates regarding the price revision of BMW-owned Mini cars.

Mercedes Benz India

Mercedes-Benz India had also announced a price increase for all of its offerings in the country from April 1. The luxury automaker said the impending price correction would be around 3% across all of its models, which includes A-Class Limousine, E-Class, CLS, S-Class, GLC, GLE and GLS, among others.

Audi India

Audi India said it has raised prices for its vehicles in India from April 1. “The price increase is the result of rising input costs and will take effect from April 1, 2022,” the luxury automaker said. In January, Audi raised its prices by 3%.

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Increase in the price of new cars: which models are now more expensive and why? https://pkw-zubehoer.com/increase-in-the-price-of-new-cars-which-models-are-now-more-expensive-and-why/ Wed, 30 Mar 2022 04:46:25 +0000 https://pkw-zubehoer.com/increase-in-the-price-of-new-cars-which-models-are-now-more-expensive-and-why/ We take an in-depth look at what’s driving up new car prices across all segments, along with some practical suggestions to help you save money if you’re in the market. New vehicle prices in Australia have slowly started to climb over the past few months and, indeed, have increased significantly over the past few years, […]]]>

We take an in-depth look at what’s driving up new car prices across all segments, along with some practical suggestions to help you save money if you’re in the market.

New vehicle prices in Australia have slowly started to climb over the past few months and, indeed, have increased significantly over the past few years, to the tune of thousands of dollars.

To assess why prices in the new car market are heading in this direction and to determine how this will affect average Australians, we will look at what has caused these price increases so far, what global issues could lead to new increases and what you can do. to best mitigate these rising costs when buying a new car.

Which vehicles have increased in price?

These recent price increases have affected manufacturers in various countries and relate to everything from individual models to range-wide increases. Here are some recent examples:

Be aware, however, that some manufacturers remove features from certain models in order to maintain their current price, such as:

  • BMW has introduced new Sport variants of its 118i, 218i Gran Coupe, 320i and 330e models that feature what it calls an “optimized” specification list to lower the entry price of the models. Normally, all BMW models in Australia come standard in the M Sport specification.
  • As the price of top-end Mitsubishi Outlanders has increased, some features have been dropped from the ES, LS, and Aspire variants to help them retain their current prices.
  • Although only recently announced, the all-new Mercedes-Benz C-Class will not be offered with adaptive suspension and 4-wheel steering at launch. When these features return, they will be part of a $3,400 option package.

Subaru Volkswagen GWM Dealership

What is the cause of these price increases?

If there’s one overriding thing that has thrown the entire automotive industry into shambles, it’s the continued shortage of semiconductors. Although automotive is not the only industry affected, the sheer number of electronic components in modern cars that require semiconductors is what has made it such an urgent issue.

Although production delays are the main effect attributed to the shortage, this is what has fueled these price increases as the shortage of chips has seen their price increase, which the customer in turn bears some of the cost.

Global vehicle production set to be cut by 4 million units in 2022 according to industry journal Automotive News. With COVID-related factory shutdowns another consideration in addition to parts shortages, manufacturers’ results will ensure that prices continue to soar or, at the very least, lesser-quality cars sell at existing prices.

Slowing down production so significantly also has the side effect of declining demand for steel, which has driven the price of steel to an all-time high over the past 2 years, making it another element of automobile production costs which has increased.

The increase in the price of nickel following the invasion of Ukraine by Russia is the only one that should further increase the costs of new vehicles. With heavily sanctioned Russia being the world’s third-largest nickel producer, nickel shortages are already beginning to be felt, which is having the biggest effect on electric vehicle production.

This is not the right time for Australia’s small and rapidly growing electric vehicle market, as with petrol prices currently at an all-time high due to this dispute in Europe, demand for electric and hybrid vehicles will not should only increase further.

With the prices of new vehicles being so affected globally, this has also had an impact on the used car market. With no wait time for production to start, almost new used vehicles sell for new car prices, mainly because time is money and the wait is removed.

Dealership Kia Mitsubishi Hyundai Ford

How can you save money on a new car?

  • Financing is a way to offset a high initial purchase price. Loans.com.au tells us that its new variable car loan rate of 2.89% is the lowest in the market.
  • Always try to negotiate the price when buying a vehicle – you can use things like stamp duty and other costs down the road as good leverage to close a deal. Also, it’s worth seeing if any discounts relevant to your profession or employer may apply. Note, however, that some manufacturers operate with a non-negotiable pricing model. Notable examples include Honda, Mercedes-Benz, Genesis and Tesla.
  • Consider when you buy a new vehicle, as seasonal sales, such as at the end of the fiscal year, will help you save money.
  • Do your research to see what your current vehicle may be worth as a trade-in, as used car prices are also currently on the rise due to increased demand in light of new vehicle inventory shortages. .
  • For those considering buying an electric vehicle, it’s worth looking at what grants and rebates apply in your state, as local governments vary in what they offer.

Our car reviews combine several reviews into one to help you save time when looking for your next car. While you’re here, you might also be surprised at how much you could save by comparing car loans and car insurance.

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