24 November 2004

Average prices for new cars have gone up by 3.1 per cent in the last 12 months, according to car price guide Glass’s – and they’re set to rise again in 2005. But according to research by Autocar’s sister magazine, What Car? actual transaction prices – the cost after haggling – have gone down for the first time in a year. The biggest fallers are city cars, down 2.8 per cent in the past year and superminis, which on average cost 1.7 per cent less than 12 months ago. What Car? figures also show that used car buyers are having a better time of it, with average prices sliding a massive nine per cent compared with this time last year.

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