UK Car Prices Fall, But No Rise In Sales

‘With UK car prices falling in real terms, it couldn’t be a better time for the consumer to buy a new car,’ said Sue Robinson, Director of the RMI National Franchised Dealers Association (NFDA).

‘A recent EU report* on car pricing has shown that the price of vehicles in the UK has fallen in real terms by 2.7 per cent over the past 12 months (May 05-May 06),’ she added.

‘This report was published in the same week as today’s release of car registration figures for July 2006, showing a drop of 4.1 per cent to 168,015 units*. We believe primarily the slow-down in the car market is caused by rising utility bills and other household expenditure.’

Robinson ended: ‘With good value and good deals available in car showrooms today, a visit to a dealer is a “must” for anyone considering buying a car this month.’

6 August 2006 Staff

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