Environmentalists and the UK’s growing army of anti-car national and local government officals will love this – according to EurotaxGlass’s new sports utility vehicles (SUVs) have become more affordable over the past year.
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The firm’s latest new car market trends report indicates that, while list prices across the UK’s new car market as a whole have increased by 1.4% year-on-year to the end of November, those for SUVs have headed in the opposite direction, falling by 0.2%.
EurotaxGlass’s said SUV prices are likely to fall at an even faster rate in 2006 due to a marked increase in competition within the sector and the launch of more affordable models from volume and budget marques.
“There will be at least 25 new SUVs arriving next year – far more than in any other market segment,” said spokesman Alan Cole. “With many of these vehicles expected to compete with affordable hatchbacks and saloon cars, the net effect will be to bring the price of the average SUV down further still.”
The list price of the average new car rose by 1.4% year-on-year to the end of November 2005, equivalent to a rise of £193.
The segment that saw the greatest price increases over this period was the large executive sector (BMW 5 series, etc), with an average list price rise of 3.4%, or £964. The greatest falls were in the supermini segment (Ford Fiesta), with list price reductions of 1.3%, or £122, on average.
There were other list price increases beyond the 1.4% market average in the lower-medium (3.2%) and upper-medium segments while below average rises affected large MPVs (1.2%), compact executive cars (0.6%) and compact MPVs (0.2%).
