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DRIVETIME: MOTORING: Car prices caught in January's big freeze.

REAL prices paid by buyers for new cars fell by an average of 0.43 per cent last month, according to data released by independent price monitor CarPriceCheck.

The company, which checks actual transaction prices of 400 UK dealerships says that prices changed for just 8 per cent of the 3,956 models currently available to UK buyers compared with a monthly activity level of 29 per cent since it began keeping records in August 2000.

That makes January by far the quietest month - the previous lowest was July 2001 when 13.2 per cent of all vehicles then on sale recorded a price movement up or down.

But prices charged by Britain's franchised dealers compare favourably to transaction prices for European imported vehicles (up by 1.97 per cent on average) and through internet retailers, whose prices rose by an average of 1.64 per cent on some models.

The headline UK figure for January 2002 was dominated by price cuts from three manufacturers - Citroen, Mazda and Vauxhall. Collectively they accounted for half of the price movements recorded during the month and if these figures were removed, the trend in January would have been an average price rise of 1.7 per cent.
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Title Annotation:Supplement
Publication:Coventry Evening Telegraph (England)
Date:Feb 15, 2002
Words:204
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