Wednesday, March 29, 2023

If you’re sure you need to change your car, prepare your pocket: this is how its price has risen in the last four years.

Having a car in Spain is more complicated than ever and not because of mobility restrictions, but because of the inflation that affects all fronts in the motor world: vehicle maintenance is not alien to this situation. If you change crowns this year, you will find the highest prices in recent times; How much more expensive has the wheel become?

In January 2023, tire prices will be chained 26 months (two years and two months) arises with regularity; behaviors that until now have been discontinued on a monthly basis. This level of expansion affects all industries: from raw materials to the cost of transportation used to manufacture wheels, without forgetting the energy required for a multitude of processes.

Price growth from 2019 to 2022

The National Association of Distributors and Importers of Tires (ADINE) He wanted to give a more precise view of the rise in tire prices and calculate the increase based on data from the National Institute of Statistics (INE).

Considering that in 2018 its behavior was uniform, the analysis starts from 2019, when the growth was 0.7%: after 2020, that percentage was 1.3% and in 2021 it grew to 3.8%. These figures make it clear that the inflation experienced by the industry during the pandemic is evident. We have reached 2022 : How much has the price of the crown risen? 12.7%: 8.9 points more than the annual variation observed in 2021 and seven points more than the CPI, which closed last year at 5.7%.

In the future

The the price of development illustrates market behavior in 2022 In the first six months, factories and distributors did a predictable exercise: they increased the amount of prepared stock, while a sharp increase was expected in May. In the second semester, inflation in the cost of this compound is more evident.

The truth is, for now it seems that this mission will not undergo many changes. as published by the INE. Last January, crowns registered a new rise: this time, 0.8% compared to December… and taking into account that the CPI began 2023 with a fall of 0.2%.

Three reasons to understand the matter

The tires you want to put on your car are more expensive than four years old for a variety of reasons. The availability of certain raw materials fluctuates and this causes prices to rise: for example, of natural rubber (basic material) is constantly increasing.

He also sprung up again; energy and transportation costs. And we cannot forget the consequences of the sanctions imposed Russia: they had to prevent the exhaustion of the main suppliers of the factories that were in that field, so that their controlled production system could be implemented, which is not easy or cheap.

Nation World News Desk
Nation World News Desk
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