Average price of new cars in the UK falls for second month in a row

The average price of new cars in the UK fell for the second month in a row in December 2010.

It is the fourth time prices have dipped during the past 12 months.

Key facts
The average price of new cars fell for the second month in a row in December 2010, by 0.12% or £33.00 (from £27,522.00 to £27,489.00)
It is the 4th time prices have dipped during the past year (-2.156% in March; 0.317% in May and -0.073 in November)
The average annual price since January 1st 2010 has increased by 3.614% or £958.83 (from £26,530.17 to £27,489.00)
The underlying pace of inflation in car prices has again slowed down over the last year to 3.614. It rose by 9.616 % between December 2008 and December 2009

The detailed statistics are now available in the DrivenData New Car Price Index (see below).

The Index is calculated from the retail prices of every car model currently sold in the UK, resulting in the most accurate and comprehensive comparisons available. Because the calculations are made not only month-on-month but also on a quarterly and annual basis, underlying trends are readily revealed.

DrivenData Ltd, which compiles the New Car Price Index, calculates the information from its long-established New Car Database, widely recognised for being up-to-the-minute, reliable and accurate.
The company’s car and van databases include more than 3,500 vehicles and 300,000 pieces of information about every new vehicle on sale in the UK.