AM Online

Euro price rises matched by spec increases

A report issued today by automotive pricing analyst, (, reveals that new cars are becoming cheaper in most European markets because nominal price increases by manufacturers are outweighed by specification improvements.

List price rises have added 1.1% to the price of the average new car in Europe over the past 12 months. But the increase is outweighed by equivalent improvements in specification and currency movements, resulting in a real-terms fall of 2.2% in pre-tax prices.

The report, the European Car Pricing Review, also analyses movements in the value of two-year-old cars. These are currently 0.6% lower on average than 12 months ago, but the trend has reversed in recent months, and prices rose by 0.7 per cent in the last quarter.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.