Increasing the price of new and popular car brands has made headlines. Maybe it’s inflation or technological advancement; the price hikes are something to consider in 2025. The cars automobile market highlights the trend of how brands are increasing their costs.
So if you are navigating and planning your budget to buy a new one this 2025, be prepared.
Production and inflation costs
The making of cars is going up because of the raw materials. Steel, aluminium, and semiconductors have seen price hikes. Adding to it are wages. It is a big settlement that companies are doing to keep the balance.
Advancement in technology
Cars of today have a lot of technological updates Whether it's AI-powered infotainment, advanced driver assistance, fast charging (in the case of EV), 5G connectivity, or IoT-enabled features, the production costs have increased.
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