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ON THE JOURNAL today, Paddy Comyn examines the rise in car prices over the past ten years – and examines the difference in the market between now and then.
The rise in car prices can’t be explained away with inflation and incomes are not increasing at the level car prices are, Comyn explains, particularly given the fact that households have to contend with an increase in necessities like insurance, groceries, childcare, and cost of living.
A 2024 Aviva survey determined that the average Irish person changes their car every 3-5 years.
So today we’re asking you: How often do you change your vehicle?
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