The industrial production price of motor vehicles in Spain also increased by 6.3% between January and November this year, according to the latest data from the National Institute of Statistics (INE).
According to data from the National Statistics Institute (INE), the consumer price index (CPI) for new cars has increased
to the all-time high of 10% year-on-year during the past month of November, compared to 9.5% in the previous month.
The lack of components with the long-standing microchip crisis along with the problems that the vast majority of manufacturers have in their production lines are responsible for this situation.
In this environment, brands have chosen to drive sales of the most profitable models and in the highest margin channels. The rise in the price of new cars has also been matched by an advance in it
sell used carswhose year-on-year rates during the month of November amounted to 15.2%. However, second-hand and second-hand cars have also not escaped the price increase, as in the eleventh month of the year the rate increased by 2 . 2% while they have already exceeded 14% so far in 2022.
The low availability of units due to
the component crisis and that it has taxed current inventory has led to a 17% reduction in the commercial effort of manufacturers and dealers, according to data from Kantar’s PromoCAR provided to Unoauto, Sumauto’s new vehicle portal.
The industrial production price of motor vehicles in Spain also increased by 6.3% between January and November this year, according to the latest data from the National Institute of Statistics (INE).
In addition,
November 2022 the industrial price of motor vehicle manufacturing has been 6% higher year-on-year, while rising 0.3% from October.
On the other hand, the industrial price of manufacturing motor vehicle bodies, trailers and semi-trailers increased by 8% to November, while in November the increase compared to the same month of 2021 was 7.8. % Also, the monthly growth compared to October was 0.7%.
Meanwhile, industrial prices for the manufacture of components, parts and accessories for motor vehicles have risen
an increase to November of this year of 3.1%while the increase in the penultimate month of 2022 compared to a year earlier is also 3.1%. However, these prices have stagnated in the month-over-month comparison.
In general he
industrial prices They moderated their annual growth to 20.7% in November thanks to lower energy costs and are down 2.2% from the previous month.
With the year-on-year increase in November, almost 4.5 points lower than in October, inflation in the industrial sector has posted positive figures for 23 consecutive months.
The industrial price index (IPRI) offered by the INE is a short-term indicator that measures the monthly evolution of the prices of industrial products manufactured and sold on the domestic market, in the first step of their commercialization, that is,
selling prices ex worksa, excluding transport and marketing costs and invoiced VAT.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
