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[article] Another price survey confirms the obvious.

  • 09-05-2006 10:50pm
    #1
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭



    Average car prices in Ireland are 30% higher than in the rest of the 12-country euro currency zone

    By Finfacts Team

    Average prices for diesels increased by 2.2% as diesel sales grew by nearly 20% compared to a year earlier, taking diesels' share of the Irish new car market to 21%.

    Petrol model sales grew much less quickly, by only 5%, with petrol vehicle prices increasing by 1.7%.

    Average car prices in Ireland are 30% higher than in the rest of the 12-country euro currency zone.

    European Summary:

    Price increases slow to 2.9% as total sales fall 0.5% in 2005.

    The rate of increase in average car prices throughout Europe slowed significantly in the first quarter of 2006, as total sales in 2005 fell short of the annual market in 2004.

    Prices increased by 2.9% in the 12 months to April. By comparison, the rate of increase in the two preceding quarters was 4.4% in Q3 and 3.4% in Q4.

    Prices for diesel cars continued to rise faster compared with those for petrol cars: by 3.1% and 2.7% respectively.

    Portugal overtook Italy in Q1 as the market with the highest rate of increase in new car prices. The UK saw the second-highest increase in prices, even though the market continues to decline. Denmark has the highest car prices in Europe, at 93% more than the average for the euro currency zone. Switzerland is the least expensive market, with new car prices 10% below the 'eurozone' average.

    pricemap2.gif
    The figures on the map show the level of average
    new car prices in each market compared to the average for
    all euro currency markets. Index 100 represents the European
    average
    Full article here.

    Check the volume growth/shinkage in Ireland as compared to Europe as a whole. Money, money money!

    Mike.


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