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Average new car prices rise in May

The average price of new cars increased in May 2011, by 0.167% or £47 from £28,159 to £28,206.

According to the Driven Data index, it is the fourth time prices have increased this year with a 2.208% rise in January, 0.210% rise in February and 0.103% rise in March.

The underlying pace of inflation in car price has risen over the past 12 months to 4.938%. It rose by 4.302% between May 2009 and May 2010.

The Driven Data index is calculated from the retail prices of every car model currently sold in the UK.

Driven Data New car price index May2011


 

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