@rene all valid points, although, this is not a temporary bump, price’s of new cars we’re rising before covid hit and the gap between the two was increasing. Not just our allowance but actual wages and other benefits also. What covid and ukraine crisis have done is speed up that process even more.
Between 2011 and 2021, the average earnings in Britain increased by 22%, from £21,100 to £25,780, but the average cost of buying a new car increased by 39%, from £27,675 to £38,585.
In 2011, a new car cost 131% of the UK’s average annual salary, whereas today, this has increased to 150%.
To put it simply, the cost of buying a new car has increased at almost twice the rate of our earnings.
Some cars have risen in price considerably faster than others.
A Volkswagen Golf cost £13,615 in 2011 and now cost 71.6% more at £23,360.
One of the highest increases is a 117% price rise for a Peugeot 3008 that will cost you £37,310 today but in 2011 it only cost £17,195.
My current cars ap increased 50% in the 2 quarters after doing the test drive in 2019 before i could actually place an order in jan 2020
Much is to do with added technology and saftey systems and obviously going green a hybrid has 2 engines and that cost more than one. On average an ev version is around 10k more than a the ice version.
So as the ceo, i think it was his predecessor, who was brought into parliament to talk about he scheme and the situation with the huge pot they sitting on, as a not for profit organisation and now giving money to other charities. He’s the one at the helm now, what’s his actual plan moving forward regarding the growning gap. How are many going to afford the rising ap’s. he says they doing stuff but not what they doing to keep the prices low.
Thats alway the case.
It’s just to put something out there. this statement tell us nothing at all..
The scheme is to help us get mobile and not everyone can afford a 5.5k ap to lease a car above the allowance thats £152.77 a month on top. So the scheme will become one for those who can afford it and those who cannot, who it really does help alot. I know this so should the ceo and he cannot change car prices but he can put the arguement that cars have risen and sadly the allowance is not keeping and the purpose of the scheme is now not helping those on the lowest income.
Unless we are all to apply for grants but how sustainble is that also.