No, the car wasn’t cheaper in our parents’ days

No, the car wasn’t cheaper in our parents’ days

The kilo price of the automobile flies away. According to the ICCT, it rose from 10.76 euros in 2001 in France to 15.92 euros in 2020. Or the price of a kilo of ground beef. This 25% increase is felt all the more painfully by consumers who feel they have less and less money to spend on buying and maintaining their car. So much so that “6 out of 10 French people fear that they will no longer see the possibility of owning a vehicle in the future,” observes Flavien Neuvy, director of the Cetelem observatory.

84% of the French say they have given up buying a new vehicle because the cost is considered too high

Nevertheless, the French motorist should learn to put his ordeal into perspective. Because the increase in purchase prices due to raw material inflation and the technical sophistication of our vehicles are not yet sufficient to make the automobile the luxury it was in the days of our parents. Compared to the average salary, buying a new car in the 1970s and 1980s was a real financial sacrifice.

Reference: www.challenges.fr

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