According to motoring magazine Auto Express, the cheapest new car for Brits is a new Kia Picanto, which starts at £11,810.
However, in another illustration of the escalating cost of living crisis, the Dacia Sandero was the cheapest model in 2021, costing just £8,995.
That same car is now the second cheapest, but it costs £12,225.
The Citroen C3, the Dacia Sandero Stepway, and the MG3 round out the top five, all priced at £12,995.
Overall, the ten most cheap new cars are priced between £11,800 and £14,750.
Auto Express reported: ‘Once, not too long ago, if you were looking to buy one of the cheapest cars in the UK, there was an underlying sense of ‘you get what you pay for’.
‘These cars may have looked like a great deal but the cost-cutting was obvious, to say the least. However, times have changed, and you can now look at these motoring bargains using both your head and heart.
‘Sadly, as with many things, the cost of buying a new car has increased over time. The cheapest new cars today begin at around the £11,500 mark, so if you’ve got a tighter budget than this, you may be better off looking for a used car.’
It added: ‘Of course, if your negotiation skills are top-tier you may be able to haggle this price down further. What you should remember, though, is that cars in this price bracket should come with a different set of expectations.
‘They’ll get you from A to B for sure, but will they be as economical, practical, or well-built as something that costs a few grand more? There’s no guarantee.’