Currently reading: The impact of costlier raw materials on new car prices
As more car manufacturers raise prices, from Rivian to Dacia, it's having a lasting effect on the industry

Further price rises for cars are becoming inevitable as the cost of raw materials, already high, shoots up further as a result of Russia’s invasion of Ukraine.

The bind car makers currently find themselves in was exposed by US start-up Rivian, which angered customers waiting for delivery of its high-end electric SUVs and pickups by announcing price rises of around $12,000 (about £9150). Rivian backed down and reverted to its original price for those with pre-orders after a barrage of complaints, but stuck to the increase for anyone else.

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