Mercedes-Benz may be returning to the times when company executives and solely the prosperous might afford to roll down the road in German luxurious.

That is as a result of a brand new Benz reached the typical worth of €72,900 ($76,590) in 2022, a 43% improve over 2019, Bloomberg Opinion Chris Bryant identified in a tweet. 

“That chimes with the carmaker’s push even additional upmarket by specializing in top-end fashions just like the S-Class sedan to bolster earnings. The corporate has been working by way of pent-up demand after chip shortages curbed manufacturing final 12 months,” Bloomberg mentioned. 

The German automaker seems to be taking a special path versus the final decade of offering entry-level fashions for the typical particular person.  

Bloomberg additionally identified:

Mercedes is not alone. Around the globe, producers are reaping the advantages of promoting fewer however dearer vehicles. Within the US, common month-to-month funds for a brand new automobile practically doubled from late 2019. And as battery-powered autos are likely to price greater than the typical combustion-engine automobile, the shift to EVs could make the affordability disaster even worse.

Earlier this week, we mentioned shiny new autos are out of attain for a lot of Individuals.