Tuesday, May 30, 2023

Why don’t the youth consider the car as a priority now?

Not long ago, owned a car Part of the ‘family’ pack that aspired to, which also included buying a house and having children. Things have changed and the car is no longer a priority, at least not in the sense it was before.

Now there are people who don’t need it, who don’t use it or who simply they can’t afford it due to some circumstances or the other.

The numbers speak for themselves. car registration, despite the improvement, are still below the sales volume in 2019, that is, before the pandemic. At that time, in the month of April, the car’s sales exceeded 100,000 units, which is up 28.4% over the same month this year.

All this, despite the fact that registrations are recovering compared to 2022 Register in Business Channel They have grown by 8.9% during the month of April to take the lead, while car rental has improved by 30.6%. For their part, sales to individuals fell 1.9%.

Another report by the Spanish Union of Insurance Entities or UNESPA reflected that a few years ago Car insurance fell by an average of almost 50% between 2010 and 2020,

In the words of Felix Garcia, ANFAC’s director of communications, “The buyer still has Too much doubt about which car to buy” and “Spain, as another European automaker, should bet on a sustainable mobility model that includes private vehicles as part of the solution and not the problem of decarbonization”.

This mainly happens in the big Spanish cities. low emission zone are underway and many others who will have to do so slowly and because of European regulations. If you have to bet on electrified or even 100% electric vehicles to be able to move around your city, many end up living with public transport, private transport services such as taxis or Uber or car sharing.

Because buying a new car also involves paying for car insurance, that’s what it costs on average through the first quarter of 2023 21% more If we compare it with the same period of 2022. The price of fuel has declined in recent months, but it is still higher than it cost before the pandemic.

Specifically, between 2020 and 2022 gasoline and diesel prices was above two euros per litre, practically doubling its price.

If this is not enough, it should be noted that if you buy a new car, a parking space Certainly it is necessary in many cases. Either because there are no parking lots in your area or they are scarce or because you don’t want a car you paid a good sum for sleeping on the street at the mercy of potential theft, bad weather and hooliganism.

In fact, parking space is not cheap Especially in areas where it can take hours to have a free space on the street, which makes the price of having an indoor car park through the roof.

All this at a time when wages, especially for the youngest, are low if they can find work. Because Unemployment rate for those under 25 It was 30% in March this year. The average salary in Spain in 2012 was 25,894 Euros and in 2022 it was 28,360 Euros. In the case of those under 25, it will not reach 12,700 euros in 2022.

With the CPI and so many other factors causing the price of everything to go up, a questionable job stability and unemployment so high, it seems almost logical that the car has become a priority compared to the car payments. Rent one of mortgage one of basic needs,

Facing New Car Payments Means Paying Average 40% higher than five years ago, according to data from the Organization of Consumers and Users or OCU. For example, if in 2018 a Seat Ibiza cost less than 14,000 euros, now the same car costs more than 17,000 euros. Regarding the average price of a new car in general, it was 23,443 euros in 2022, Electric car choice may be slightly smaller than it was in 2018, but prices are still high.

Support for the purchase of electrified cars is not being as effective as it should be, with a Moves III scheme still active which, in the words of Ivan Tallon, country manager at Wallbox, “It’s too slow and bureaucratic” In addition to being “not very effective at taking definitive steps towards zero-emission mobility”.

And buying a second hand car is no cheaper than ever, as over the last three years have increased their costs by an average of 33%, Last year, the average price of a used car practically reached 20,000 euros. This has happened due to lack of stock of new vehicles and clear law of supply and demand. And let us not forget that after the purchase of a vehicle comes other derivative expenses like maintenance, spare parts and, sooner or later, ITV,

Already in 2017, the Directorate General of Traffic showed in its report the loss of ‘public’ in driving schools, which resulted in more than 807,000 new drivers. just over 285,000 in 2017,

with all car park aging without a break, with a current average age of 13.5 years, with two thirds who are over 10 years old. If we compare these figures with the figures of 2010, the average age of the total fleet was 9.2 years.

talking for years ‘Peak-car’ or the end of the automobile era as we know. Since the abolition of car ownership has also been on the lips of many for a long time, which can be reduced to very special cases and very high rents. And of course, for those who love driving. People who still want to enjoy driving in a particular vehicle will keep this in mind to save and reduce other expenses.

Subscription cars are already a reality and are opting out ‘Pay as you go’ services It has many ballots to spread in the society and surpass the privately owned cars.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com/
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