New car prices in the UK fell a record 10.4 percent in the past year, with prices of nearly-new cars falling by 3.4 percent. Up to £3,500 ($US5,200) was wiped off certain new models, with prices of older used vehicles also falling by 4.5 percent. The falls, following consumer and government-led campaigns against 'rip-offs', come eight months after the Competition Commission determined that Britons were paying more for their new cars than their European counterparts.