buy anew car impacts on the family ménage and in the 2023 costs twice as much as 2003the region-by-region analysis.
Buying a new car in 2023 costs twice as much as in 2003, the analysis region by region, source DepositPhotos
In the last 20 years the car has revolutionized travel
When buying a car, everyone inevitably has to deal with their wallet. How much does buying a new car have an impact on Italian families today compared to 20 years ago?
From the analysis carried out by Study Center Of AutoScout24. The portal for car and motorcycle classifieds, leader in Europe. It takes into consideration the average entry level price list of the Top 10 best-selling new cars, excluding electric cars.
Buying a car is all about income
In 2003 they were enough 4.7 average monthly net household incomesnow they are well served 7,7.
The average price of the top 10 best-selling new cars has indeed gone from €10.590 of 20 years ago a €21.040 of 2023 (+99%). While average net household incomes increased by a much lesser extent.
Buy with REVOLUT, your online account directly from your home. Find out more.
It goes from a monthly national average of €2.243 a €2.734 (+21.9% from 2003 to 2020). And for those who want an electric, they serve well 12,8 monthly payment (€35,130).
In this context, the second-hand market proves to be the ideal solution. For those looking for new generation cars, from a higher segment or with more equipment, but at a more contained price and in line with their pockets. On AutoScout24in fact, 54% of the cars present are Euro 6, 13% hybrid and electric and almost six out of ten cars are 5 years old or less.
Buying a car here are the segments
The analysis of AutoScout24 also took into consideration 10 best-selling new cars in segments A, B and C. To buy a city car of segment Aranging from 4 average monthly net household incomes of 2003 ai 6,6 current (€18,050), which reaches 10.2 if we consider an electric car; for the segment B from 4.7 of 20 years ago to 8.1 (€22,185) and for the segment C from 7.2 to as much as 12.9 (€35,225), almost double.
Buying a new car in 2023 costs twice as much as in 2003, the analysis region by region, source DepositPhotos
The difference between regions
At the regional level, in 2023 the Sicily and theAbruzzo are the territories where the is required highest number of average monthly net household incomes to buy a new car (9.7), followed by Campania (9,5), Basilicata (9,4), Puglia (9,3) e Molise (9,2). On the contrary, obviously as a matter of higher incomes, we find the Lombardy and the Trentino Alto Adigewhere 6.7 months are sufficient.
But if we compare the data with respect to 2003, theAbruzzo and the Campania these are the regions where the number of average monthly incomes needed to buy a new car increased the most, with +4.8 and +4 months respectively.
Sergio Lanfranchi of the AutoScout24 Study Centre says: “The cost of a new car has almost doubled in the last twenty years. A situation that certainly occurred due to many factors, including new investments in Research & Development and the incessant integration of new technologies on the vehicles on sale, which have gone to improve and optimize even the basic level cars, thus providing the consumer an increasingly premium choice even in the most accessible levels. Another important change has been made in the field of safety, whereby today’s cars have many more functions dedicated to the protection of passengers, and many of these have now become indispensable equipment”.