Friday, August 25, 2006
Dealer profitability slips as new car prices slide
The rise in UK new car prices has slowed significantly compared to the rest of Europe, resulting in a further blow to dealer profitability.
A study of new car prices by the Roadtodata Euro Index, shows that prices in the UK rose just 0.5 per cent during the 12 months to June 2006 as the market continued to decline.
In contrast, average new car prices across Europe increased by 1.3 per cent over the same period. The report said the average price of a new car in Britain is now 1 per cent below the average across Europe.
DATED: 25.08.06
FEED: MT
A study of new car prices by the Roadtodata Euro Index, shows that prices in the UK rose just 0.5 per cent during the 12 months to June 2006 as the market continued to decline.
In contrast, average new car prices across Europe increased by 1.3 per cent over the same period. The report said the average price of a new car in Britain is now 1 per cent below the average across Europe.
DATED: 25.08.06
FEED: MT
