Fleet News

List prices continue to fall

LIST prices of new cars have fallen for the eighth successive month as the Competition Commission furore continues. And the Society of Motor Manufacturers and Traders said that new car prices were running at almost 8% below inflation.

According to CAP Motor Research, manufacturers have cut new car prices by 1.4% compared with March 1999. And CAP Index, the company's monthly monitor of new and used car values, says lower medium sector prices are dropping faster than in any other category - 2% this month, year-on-year. Upper medium price falls are close behind the Escort/Astra class.

Automotive editor Mike Hind said: 'CAP Index demonstrates that the new car market is more price sensitive than for many years. With continuing hostility from the consumer lobby, a long-awaited verdict from the Competition Commission and the growth of internet-based sourcing, this trend is likely to continue.'

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