Car prices went up 10 to 15 percent last year, according to trade figures.
Photo: 123RF
A vehicle shortage caused by the pandemic has seen the average sale price for new and used cars climb since the middle of last year, with predictions once supply returned, prices would go down.
Supply is starting to come back, but prices are not budging.
Stats NZ data showed the average price for a small car in June last year was just under $15,000, it was now over $18,000.
It was the same jump for a medium car - now going for about $25,000, and a large car - which you could get for about $34,000 in March last year - was averaging $40,000.