Car prices rise as commodities rocket on high demand
09 May 2021 - 16:34
Manchester/Munich— Cars are back in vogue courtesy of the pandemic. They’re also getting more expensive, thanks partly to surging commodity prices.
Many of the essential ingredients for carmakers — such as copper, steel and aluminium — are hitting or approaching record highs this year as the lagging supply cannot keep up with stimulus-driven demand. The Bloomberg commodity spot index jumped to its highest since 2011, with metals up 21% so far this year...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now