Motorcycles became more expensive by 4.7% in year-on-year terms and tires by 12.6%

MADRID, 17 Abr. (EUROPA PRESS) -

New cars became 7.2% more expensive in March 2023 compared to the same month of the previous year, three tenths of a percentage less than the 7.5% year-on-year increase registered last February, according to the latest data from the Price Index. Consumption (CPI) of the National Institute of Statistics (INE).

Meanwhile, the price of second-hand cars experienced an increase of 16.5% in March in the year-on-year comparison, in line with the increase observed in the second month of the year (16.4%).

The logistical problems and the shortage of semiconductors that have affected the sector for several months, although they are easing, have pushed some vehicle manufacturing plants to have to reorganize their production and are some of the factors behind these increases. the prices of new and used cars.

However, new cars only increased by 0.1% in the third month of the year compared to February, while second-hand vehicle prices increased by 1.2% compared to the previous month.

On the other hand, motorcycles moderated their rise in March and stood at 4.7% in the interannual rate, that is, 1.3 percentage points less than in February (6%). Likewise, in the third month of 2023 the price of motorcycles fell by 0.1% in month-on-month terms.

Tires became more expensive in March by 12.6% compared to the same month of the previous year, while in the month-on-month comparison the increase was 0.6%. Likewise, spare parts for vehicles increased their price by 6.6% year-on-year and 0.4% month-on-month.

In March, vehicle maintenance and repair services raised their prices by 6.9% in comparison with the same month last year, while in relation to February 2023 a progression of 1% was registered.