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The price of a new car is rising almost five times as fast as wages

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dailyrecord.co.uk
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car sales outnumber new car purchases by around three to one but there are still many people who front the cash for a shiny new purchase.The latest technology, sweetener deals, your own specs and no unknown history are all tempting features of a new purchase but with rising costs and wage increases that cant keep up, it's not always value for money.New research has revealed that new cars have become increasingly unaffordable, with prices rocketing up to five times faster than wages over the past decade.

Finance group, Moneybarn found that some car prices have more than doubled since 2011, whereas earnings have risen by one fifth over the same period.

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