Car prices level out in Europe, says EU
The price gap between cars sold in the different countries of the European Union (EU) is closing, according to a recent survey carried out by the European Commission. In the euro zone pre-tax prices are generally lowest in
Price differences, based on 1 November 2004 figures, are smaller than those recorded in May 2004, with the average standard deviation of prices between the 25 national markets falling from 6.9% to 6.4 %. New member states account for two thirds of this convergence, while dispersion remains low at the euro-zone level.
Price differences for particular models between the cheapest and most expensive member states can still be substantial. Of the 1909 prices quoted in the report, 598 exceed by more than 20% the cheapest market in the EU (compared to 813 out of 1788 in the previous report).
