Automotive prices jump 14-171% y-o-y in August

How much has the price of your favourite car gone up since last August? Car prices jumped 14-171% y-o-y in August, with Skoda seeing the biggest increase in prices and Opel the least, according to Al Mal’s calculations. The story includes brand-by-brand breakdowns of how prices have moved on specific models in the past year. The Automotive Information Council (AMIC) had previously predicted that the embattled sector would see a 50% y-o-y slump in sales on the back of rising costs, particularly due to fuel price hikes, while some industry leaders, including GB Auto CEO Raouf Ghabbour, are more optimistic about the sector’s potential for rebound this year.