**How Much More Expensive Have Cars Become in Two Years?**
The prices of new cars have steadily risen, but how significant has this increase been in the last two years? This question has been examined thoroughly. Here are the key points:
1. **Price Increases Since Spring 2023:** New car prices have generally seen an upward trend over the past two years.
2. **Notable Price Increases:** Specific models have experienced significant price hikes, while others have remained more stable.
3. **Positive Standouts:** Some models have shown unique pricing developments that are worth mentioning.
Historically, from 2010 to 2023, the prices of 25 entry-level models from various manufacturers showed noticeable increases. The impacts of the pandemic and geopolitical tensions have also contributed to short-term price fluctuations observed from 2019 to 2023.
Looking at the period from spring 2023 to today, we find that prices for new cars have increased by an average of 2.3% across different models. While this might seem moderate, a closer look reveals some intriguing trends.
**Electric Cars:** Of the 17 electric car models examined, prices have dropped by an average of 5.9%. Several factors have driven this decline, including increased competition and strategic pricing adjustments by key companies like Tesla.
**Plug-in Hybrids:** Prices have remained relatively steady for plug-in hybrid models, with a minor increase of 0.2% over two years. However, the overall figure would have been negative if not for notable increases in specific models like the Mitsubishi Eclipse Cross.
**Gasoline and Diesel Cars:** Among 17 gasoline and diesel models (including some hybrids), no price decreases were observed. Instead, these models saw significant price increases, averaging 11.9%, with particular standouts like the Alfa Romeo Tonale and the Hyundai i10.
Overall, while the cost of electric vehicles has gradually become more accessible, traditional gasoline and diesel vehicles have seen more substantial price increases, reflecting broader market trends and economic factors.
In summary, new car prices have seen varying levels of change over the past two years, with different types of vehicles demonstrating unique patterns in response to market conditions and consumer demands.