Sales - Europe - Switch to diesel drives up cost of cars in Europe, except in UK
UK -Auto Industry -3rd August 2005: -- Average car prices in Europe are rising more quickly than a year ago, according to the latest PricewaterhouseCoopers and eurocarprice.com quarterly pricing survey just published. The growing popularity of diesel cars is behind the acceleration in overall price increases, Europeans are buying more diesels and fewer petrol cars, while diesel car prices are rising faster than those of petrol vehicles. Diesel car prices were an average of 4.5% higher in June 2005 than in June 2004. Sales of diesel cars in the year to June were 13% higher than in the previous year. Petrol car prices have risen by 3.4% while sales declined by 7%. Across Europe as a whole, the average price of a car increased by 3.9% in the year to June. Although the UK has the distinction of being the only car market in Europe where car prices are falling, apart from the Czech Republic. As the UK car market continues to decline (4% down), average prices are now 0.9% lower than they were in June 2004.
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