UK’S best-selling car now costs 52% more
In the UK as elsewhere, a cocktail of economic troubles is driving up car prices. BestBrokers.com has now calculated by how much. Over a three-year period, the SE Edition of the Vauxhall (Opel) Corsa, Britain’s best-selling car model, has increased 52%. And it’s not the only popular model now significantly more expensive than in 2019.
We all know what happened since then: first the pandemic, then the chip shortage and delivery delays, followed by the war in Ukraine, rising energy prices and rampant inflation. This is putting the squeeze not just on the disposable income of private consumers, but also on the budgetary margin of companies, and in particular corporate fleets. While fleet budgets are under increasing pressure, the cost of vehicles keeps rising.
To put that in perspective, here’s an overview of the top ten best-selling car models in the UK, and how their sticker price has increased.
Perhaps unsurprisingly, the most popular car model has seen the steepest price rise. The Vauxhall Corsa SE (pictured above) costs a little over 52% more than it did in 2019. The next models in order of steepest rise are the Tesla Model 3 (+26%) – now as then the most expensive model in the top 10 – the Ford Kuga Zetec (+24%), the Kia Sportage (+21%) and the Nissan Qashqai (+20%).
Both Ford and Kia have two models in the UK’s best-seller top 10. Increasing just over 4% in price, the Kia Niro Hybrid is the slowest riser. Despite increasing 15% in price, 10th-placed Toyota Yaris Hybrid remains the cheapest model in the top 10. Interestingly, four out of the 10 models on the list are EVs or hybrids.
You can read the full BestBrokers report here.
Images: Wikimedia Commons/BestBrokers.com