The cheapest new car in the UK now costs more than £10,000 – making it more expensive than ever to buy a brand-new vehicle.
The Kia Picanto has been revealed as the most affordable car for 2022 – with a starting price of £11,810, according to motoring magazine Auto Express.
But as the cost of living rises, even the basic model of the third-generation city car – which has a 1.0-litre engine and manual gearbox – is £4,000 more expensive than last year’s cheapest motor.
In 2021, motorists could pick up the Dacia Sandero fresh from the production line for just £8,995, but the updated version of the Renault offshoot starts at £12,225 – an increase of more than £3,000.
Other models under £15,000 include the 1.2 litre Citroen C3, the Dacia Sandero Stepway SUV, and the five-speed manual MG MG3, which all stand at £12,995. Meanwhile, the Hyundai i10 costs £13,430, and the Fiat Panda is £13,655.
While last year’s cheapest cars included many of the same models, this year’s prices are significantly higher.
The Kia Picanto came in as the second cheapest last year at £11,200 – more than £600 less than its current price.