The PRICE of CARS has gone THROUGH THE ROOF...hasn't it?

The PRICE of CARS has gone THROUGH THE ROOF...hasn't it? ✅𝗕𝗲𝗰𝗼𝗺𝗲 𝗮 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗺𝗯𝗲𝗿 : https://tinyurl.com/dnagjim 📱 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 : https://linktr.ee/dnag Have you noticed that new car prices in the UK seem to have gone up far more than everything else since 2020? You're not wrong! While general inflation has certainly been a factor in rising costs across the board, the price of new vehicles in Britain has surged at an even more dramatic rate, leaving many struggling to afford their next car. In this video, we'll break down the surprising truth about how new car prices have generally outstripped the average rate of inflation in the UK since 2020. We'll compare the official inflation figures with the actual percentage increases seen in new car prices, revealing the stark difference. If you're wondering why a new car feels like such an astronomical investment compared to just a few years ago, this video will provide the answers! In addition to what I look at in this video, please also give consideration to the following points :- Supply Shortages Beyond Inflation: How the global semiconductor chip shortage and other supply chain disruptions directly limited new car production, creating an imbalance between supply and demand that drove prices up independently of general inflation. Increased Manufacturing Costs: Beyond typical inflationary pressures, the rising costs of specific raw materials and components unique to car manufacturing have significantly impacted vehicle build costs. Shift Towards Higher-Spec Models: Car manufacturers have increasingly focused on producing and selling higher-trim, more technologically advanced (and thus more expensive) models, subtly pushing up average transaction prices. Limited Discounts: With reduced supply and high demand, the traditional aggressive discounting often seen in the new car market largely disappeared, meaning buyers paid closer to list price. Impact of the Pound: The depreciation of the pound against other major currencies has made imported vehicles and components more expensive, adding another layer to price increases. Don't forget to like this video, subscribe for more analysis of the UK automotive market, and hit the notification bell so you don't miss our next upload! ---------------------------------------------------------------------------------------------------------------------- 🚗🚗 𝙈𝙔 𝙇𝙄𝙉𝙆𝙎 🚗🚗 👍👨𝗕𝗲𝗰𝗼𝗺𝗲 𝗮 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗺𝗯𝗲𝗿 : https://tinyurl.com/dnagjim 📷📱 𝗦𝗼𝗰𝗶𝗮𝗹 𝗠𝗲𝗱𝗶𝗮 : https://linktr.ee/dnag ☕☕ 𝗕𝘂𝘆 𝗠𝗲 𝗔 𝗖𝗼𝗳𝗳𝗲𝗲 : https://ko-fi.com/notaguru☕☕ 👕🥤 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗿𝗰𝗵 : https://www.notaguru.co.uk/merch 🌐💻 𝗪𝗲𝗯𝘀𝗶𝘁𝗲 : https://www.notaguru.co.uk/ 📚😊 𝘽𝙐𝙔 𝙈𝙔 𝘽𝙊𝙊𝙆 𝙃𝙀𝙍𝙀 : https://amzn.to/3HMF9eH 📱💻 𝘾𝙖𝙡𝙡 𝙈𝙚 : https://www.notaguru.co.uk/book-a-call ✅👨𝗕𝗲𝗰𝗼𝗺𝗲 𝗮 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗠𝗲𝗺𝗯𝗲𝗿 : https://tinyurl.com/dnagjim 🧳✈️𝐉𝐞𝐭𝐒𝐞𝐭𝐉𝐢𝐦𝐛𝐨 (𝐌𝐲 𝐓𝐫𝐚𝐯𝐞𝐥 𝐂𝐡𝐚𝐧𝐧𝐞𝐥) : https://www.youtube.com/@jetsetjimbo ---------------------------------------------------------------------------------------------------------------------- 🔥🔥 𝘼𝙁𝙁𝙄𝙇𝙄𝘼𝙏𝙀 𝙇𝙄𝙉𝙆𝙎 🔥🔥 ✅ 𝗟𝗲𝗮𝘀𝗲𝗟𝗼𝗰𝗼 : https://leaselo.co/notaguru-car-leasing ✅ 𝐀𝐋𝐀 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 : https://tinyurl.com/j4kv696w (𝙐𝙨𝙚 𝙘𝙤𝙙𝙚 JIM10) ✅ 𝗔𝗺𝗮𝘇𝗼𝗻 : https://amzn.to/3dLVstT ✅ 𝗩𝗖𝗵𝗲𝗰𝗸 (𝗖𝗮𝗿 𝗛𝗶𝘀𝘁𝗼𝗿𝘆) : https://www.vcheck.uk/?aid=31442 ---------------------------------------------------------------------------------------------------------------------- Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into. All content is the property of NOT A GURU LTD unless otherwise stated. Re-use is strictly forbidden without prior written consent. 𝙋𝙡𝙚𝙖𝙨𝙚 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚! ;)