Finding a reasonably priced new car is almost impossible. And the second hand market is not much better
Despite most businesses around the world returning to some form of normal after the pandemic, supply chain problems continue to disrupt the manufacturing and availability of new and second hand cars. This disruption has caused vehicle prices to sky-rocket, adding to cost-of-living pressures already being experienced by most Australians. Car prices in Australia rose throughout 2023 with an average increase of almost 20% since April 2020, even faster than the consumer price index. The increase has varied depending on the model, but the biggest increases – of about 25% – have been in the small car sector. This resembles the situation...... Read Full article on HadNews