‘At the start of 2018, the average new car cost £27,305. Fast-forward five years, and the average new car list price is a heady £39,038’
It’s just crazy isn’t it. I was watching an old Top Gear the other day and they had an original BMW X5 on it. They said it was £39k new. The same car nowadays is over £70k. Obviously the onset of EVs and PHEVs has pushed the average price up considerably (with many of these cars carrying as much as a £10k premium over the petrol equivalent). That price premium cannot be sustained, hence the heavy discounting of EVs at present. Another factor of course is that cars have massively more equipment as standard these days and that seems to improve with every model release, so is reflected in retail prices. My first car had manually operated windows and even the luxury cars of the day didn’t have a fraction of the things that the most budget car these days would have as standard!