LONDON: A new Eurotax Residual Price Index released today (23/11/00) by highlights that residual prices of two-year-old vehicles are dropping in many European countries. Values have fallen by an average of 2.5% over the past six months with the largest drops in the UK (-9.3%, linked to recent new car price cuts) and Belgium (-4.9%). France, Austria and Switzerland have, however, seen small rises in residuals.