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...At one point in 2021, the shortage of new vehicles was so acute that the prices for used cars overtook the cost of new vehicles for the first time....
...However over the same period, house prices in Cambridge increased by 78 per cent while pay grew by only 23 per cent, making only Central London less affordable for buying a home....
...The IEA forecast that growing exports from Chinese brands would lead to “downward pressure on purchase prices” in other markets over time, helping to drive adoption....
...The likes of US-listed Newmont and Canada-listed Barrick Gold recovered on Tuesday, after slipping a session earlier even as the gold price rose....
...The producer price index, a leading indicator of consumer price inflation, rose 0.2 per cent month-on-month in March, the US labour department said on Thursday....
...UK fuel prices remain at “unheard of” levels despite the chancellor’s decision to freeze the duty in Wednesday’s budget, the AA warned....
...The loser in this will be British consumers, facing higher prices for everyday foods and reduced choice,” he said....
...Tesla shareholders are bracing themselves for the carmaker’s worst performance in seven years in quarterly results this week, as it wrestles with slowing demand and a brutal price war....
...If successful, the decision will mean Musk collects shares worth $47.8bn at today’s share price. The votes will take place at the company’s annual meeting on June 13....
...The producer price index, a leading indicator of consumer price inflation, rose 0.6 per cent month on month from January, the US labour department said on Thursday....
...peter.campbell@ft.com...
...Higher prices for its luxury cars helped Aston Martin cut pre-tax losses faster than expected last year, but the UK group saw net debt increase and cash drain faster because of delays to latest models....
...Businesses warned that the “common user charge” set by ministers for the main Channel port of Dover would drive up food prices and deter EU producers from exporting to the UK as of April 30....
...Since announcing new border controls on plant and food products last year the government has promised it would “phase in” checks, which trade groups have warned will hurt small businesses and drive up the price...
...The grocery chain operator said consumers had responded well to its lower prices and promotions. BJ’s Wholesale Club, the operator of membership warehouse clubs, was up 7 per cent....
...Peter CampbellSo Toyota’s share prices almost doubled in the last 12 months as people suddenly realised, maybe they were right all along....
...There is no new product, and he won’t take further price action.”...
...These regularly take the cost of the car — which has starting prices from £270,000 to more than £500,000 — past £1mn....
...The British carmaker on Wednesday said the average price of its core cars rose from £177,000 in 2022 to £188,000 in 2023, helping revenues climb 18 per cent to £1.6bn....
...Raising prices, cutting costs and an increasing demand for higher-margin personalisations have helped the company mount a turnaround in the past five years....
...In the grand scheme of things, the Common User Charge and its associated paperwork is just one more small drag on UK goods trade — and one more upward pressure on food prices....
...as a price war escalates in the world’s largest EV market....
...There are “big swings” away from electric vehicle orders to hybrid models, said Dowlais’s chief executive Liam Butterworth on Thursday, forecasting that carmakers would be forced to cut EV prices later in...
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