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How much will cars cost in 2023? The seven most important predictions

How much will cars cost in 2023?  The seven most important predictions

How much will cars cost in 2023? The seven most important predictions

The spike in car prices is behind us, but that doesn’t mean prices will start to fall over the next 12 months. – If there is no significant weakening of the zloty, i.e. we do not see the dollar and the euro at PLN 5 each, the increase in the prices of new cars should not exceed 10 percent in 2023. In segment B, C we are already after increases of 30 percent. Figuratively speaking, it is clear that the market does not accept the price of 100,000. PLN for a compact in the “naked” version. He also does not accept the installment for the car, which comes out with the current financing costs, especially in the segment of cars worth 100-250 thousand. zloty. Therefore, this rally up must stop, because we have already reached the ceiling. We are already seeing stabilization of prices in used cars and I expect this in 2023 also in new cars. In salons, the gradual return of the discount policy can be seen and this trend will continue – believes Michał Knitter, vice-president of Carsmile.

Much depends on macroeconomic developments and the further fate of the war in Ukraine. “Escalation is the risk of further weakening of the currency, and de-escalation is a move in the opposite direction. The exchange rate directly translates into the price of cars in Poland, and currently, further significant price increases would be deadly for the market after the increases that have already taken place. Apart from the war, KPO is also a very important factor. If Poland reaches an agreement with the EU, and if there are also signs of easing the conflict in the East, then the perception of our country by investors will improve, which will strengthen the zloty exchange rate, and at the same time optimism on the market will increase – he points out.

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