April 1st Price Rise - it's no joke

[kmpowell]

That's right folks, VW have snuck in a cheeky little price rise today. New prices and details are now live on the configurator and brochure/pricelist.

On first inspection;

GTi's up £500.

Most options up between £5-£100 each.

[GtiRab]

Seen that and there also no longer doing the £1500 towards your deposit. Glad I ordered 3 weeks ago.

[fredgroves]

Seen that and there also no longer doing the £1500 towards your deposit. Glad I ordered 3 weeks ago.

No the deposit thing bounces up and down, but usually is highest Jan-April each year - I guess the usual business thing of pushing for sales in the fourth quarter applies to VW as much as anyone else!

[kmpowell]

APR has also been dropped by 1% to, I suspect, try and compensate for some of the deposit contribution loss.

All in all though, the car is now more expensive.

[fredgroves]

All in all though, the car is now more expensive.

Of course it is! Inflation is real and VW need to cover it or face rapidly diminishing profits.

 

[monkeyhanger]

All in all though, the car is now more expensive.

Of course it is! Inflation is real and VW need to cover it or face rapidly diminishing profits.

I wish my wages had VW's level of inflation. 10 years ago, the last of the MK5 GTIs had an RRP of £21k, where are we at now for a manual GTI?

Didn't they just put a price rise in around the start of November?

[fredgroves]

You are better at maths than me MonkeyHanger....

Here are the German inflation figures for the last ten years.... if you compound these, what do you get:

 CPI Germany 2019    1.42 %         
 CPI Germany 2018    1.73 %    
 CPI Germany 2017    1.51 %    
 CPI Germany 2016    0.49 %    
 CPI Germany 2015    0.23 %    
 CPI Germany 2014    0.91 %    
 CPI Germany 2013    1.51 %    
 CPI Germany 2012    2.01 %    
 CPI Germany 2011    2.07 %    
 CPI Germany 2010    1.10 %    
 CPI Germany 2009    0.32 %

[fredgroves]

I averaged out those rates, giving me 1.33% then did a basic compound interest calculation, which basically added £3000 to £21,000....

Thats of course assuming that the actual component cost of a Mk7.5 is the same as a Mk5... there are loads more bells and whistles on a Mk7.5... all of which add to the cost, then chuck in £/E exchange rate buggery...actually ironically 2009 was when the pound fell against the euro anyway lol and was roughly in line with today... haha

[Watts]

You are better at maths than me MonkeyHanger....

Here are the German inflation figures for the last ten years.... if you compound these, what do you get:

 CPI Germany 2019    1.42 %         
 CPI Germany 2018    1.73 %    
 CPI Germany 2017    1.51 %    
 CPI Germany 2016    0.49 %    
 CPI Germany 2015    0.23 %    
 CPI Germany 2014    0.91 %    
 CPI Germany 2013    1.51 %    
 CPI Germany 2012    2.01 %    
 CPI Germany 2011    2.07 %    
 CPI Germany 2010    1.10 %    
 CPI Germany 2009    0.32 %

Hmmm, for most of those years my 'pay rise' was 0%, 1% or less for 3 and 1.5% once. I think a new GTI is rapidly moving out of my pocket's comfort zone...

[monkeyhanger]

I averaged out those rates, giving me 1.33% then did a basic compound interest calculation, which basically added £3000 to £21,000....

Thats of course assuming that the actual component cost of a Mk7.5 is the same as a Mk5... there are loads more bells and whistles on a Mk7.5... all of which add to the cost, then chuck in £/E exchange rate buggery...actually ironically 2009 was when the pound fell against the euro anyway lol and was roughly in line with today... haha

Lots more bells and whistles, but tech is cheap now and the MK5 was more solid, with the most sophisticated multi link rear suspension the Golf has ever had (which cost a lot in labour to assemble). Just as LED/OLED tellies and other tech get cheaper, so do ACC systems, auto wipers and lights, parking sensors etc. Can't see many MK7s lasting 15 years. A colleague at work drives a fairly tidy 2003 MK4 Golf 130ps 1.9TDI, with 187k miles on the clock.

The current wave of cars from all manufacturers seem built to last 8 years, not 15 years.