THE latest Alliance & Leicester Car Price Index has revealed that new car prices have fallen on average by 9.4% in the past year. The largest fall was among MPVs, down 14.8% and executive cars, down 16.5%, year-on-year, the survey has revealed.

Three-year old car prices fell by an average of 1.7%, but MPV prices fell by 13.4%, far ahead of the next nearest fall, executive cars, which were down by 6.8%.