New Car Prices Start to Rise at a Faster Rate
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The monthly Glass's New Car Market Trends report, the UK's most up-to-date analysis of changes to new car prices, indicates that list prices rose by 1.7 per cent, year-on-year, to the end of May, equivalent to a rise worth £221 for the average vehicle*. This represents the highest rate of list price inflation since February, when prices rose 2.4 per cent, year-on-year.
The upper-medium car sector (Ford Mondeo, Vauxhall Vectra, Toyota Avensis, etc) has seen the largest price increases over the past 12 months. Following two years of virtual price stagnation, the last four months have seen sizeable price rises across many models, equivalent to average year-on-year rise of 2.7 per cent, or an additional £432 for each car.
The lower-medium car segment has also seen increases, with five of the big sellers (Ford Focus, Vauxhall Astra, VW Golf, Toyota Corolla and Citroen C4) replacing outgoing variants in the class at a higher price point. In addition, the emergence of a new generation of 'MPV-style' compact family cars has further helped push up average prices in the sector. The best examples would be the new Seat Altea and Volkswagen Golf Plus, both with price premiums over their conventional hatchback siblings. The entry-level VW Golf Plus has made its debut in the UK during the last month with a premium of around £500 over the equivalent standard Golf.
Other key sector-by-sector price changes
The price of the average supermini (Ford Fiesta, Peugeot 206, etc) fell by 0.4 per cent, or £43 over the past year, in part reflecting the arrival of new vehicles at the budget end of the market.
Overall the executive sector (BMW 3 Series, Audi A4, etc) has changed little - down just 0.1 per cent, representing a fall worth a mere £13. However, within the sector there have been some sizeable movements, with price increases from Audi, BMW, Saab and Volvo offset by reductions from Mercedes and Jaguar over the last year.
The biggest list price changes
In pound note terms, the single biggest list price rise in May was for the Nissan 350Z 3.5 V6 Coupe, which rose by £500, or 2 per cent, to £25,297. The largest single list price reduction last month was for the Chevrolet Kalos 1.4 Sport three-door, which fell £305, or 3.2 per cent, to £9,807.
To request a free electronic copy of the latest Glass's New Car Market Trends report, email: marketing@eurotaxglass.co.uk, quoting reference 'GNCMT6'.
Reference Material:
Glass's New Car Market Trends methodology
* The list price of the 'average' new car referred to in the monthly Glass's New Car Market Trends report is based on analysis of over 1,000 models across key UK vehicle segments. To ensure the results are representative of true market trends, the data is weighted by sales volumes.
About Glass's - now part of the EurotaxGlass's Group
William Glass first published Glass's Guide to Car Values in 1933 and July 2003 marked 70 years of the motor trade's 'Bible'. Today, Glass's offers products and solutions that are essential at every stage of the vehicle lifecycle. From key valuation, technical and fleet management data, through to estimating, bodyshop and dealer management systems and web-based services, Glass's has information that the motor industry relies on. Glass's also now provides valuation data direct to consumers, via the Glass's Motoring Guide website (www.glass.co.uk).
In 2000 Glass's merged with Eurotax, forming EurotaxGlass's - Europe's leading supplier of automotive business intelligence across 28 countries. The merger has created a group with unrivalled resources and knowledge. This has paved the way for many innovative future developments, not least of which is the pan-European Market Intelligence Service that provides bespoke data and analysis for the industry at large.
The upper-medium car sector (Ford Mondeo, Vauxhall Vectra, Toyota Avensis, etc) has seen the largest price increases over the past 12 months. Following two years of virtual price stagnation, the last four months have seen sizeable price rises across many models, equivalent to average year-on-year rise of 2.7 per cent, or an additional £432 for each car.
The lower-medium car segment has also seen increases, with five of the big sellers (Ford Focus, Vauxhall Astra, VW Golf, Toyota Corolla and Citroen C4) replacing outgoing variants in the class at a higher price point. In addition, the emergence of a new generation of 'MPV-style' compact family cars has further helped push up average prices in the sector. The best examples would be the new Seat Altea and Volkswagen Golf Plus, both with price premiums over their conventional hatchback siblings. The entry-level VW Golf Plus has made its debut in the UK during the last month with a premium of around £500 over the equivalent standard Golf.
Other key sector-by-sector price changes
The price of the average supermini (Ford Fiesta, Peugeot 206, etc) fell by 0.4 per cent, or £43 over the past year, in part reflecting the arrival of new vehicles at the budget end of the market.
Overall the executive sector (BMW 3 Series, Audi A4, etc) has changed little - down just 0.1 per cent, representing a fall worth a mere £13. However, within the sector there have been some sizeable movements, with price increases from Audi, BMW, Saab and Volvo offset by reductions from Mercedes and Jaguar over the last year.
The biggest list price changes
In pound note terms, the single biggest list price rise in May was for the Nissan 350Z 3.5 V6 Coupe, which rose by £500, or 2 per cent, to £25,297. The largest single list price reduction last month was for the Chevrolet Kalos 1.4 Sport three-door, which fell £305, or 3.2 per cent, to £9,807.
To request a free electronic copy of the latest Glass's New Car Market Trends report, email: marketing@eurotaxglass.co.uk, quoting reference 'GNCMT6'.
Reference Material:
Glass's New Car Market Trends methodology
* The list price of the 'average' new car referred to in the monthly Glass's New Car Market Trends report is based on analysis of over 1,000 models across key UK vehicle segments. To ensure the results are representative of true market trends, the data is weighted by sales volumes.
About Glass's - now part of the EurotaxGlass's Group
William Glass first published Glass's Guide to Car Values in 1933 and July 2003 marked 70 years of the motor trade's 'Bible'. Today, Glass's offers products and solutions that are essential at every stage of the vehicle lifecycle. From key valuation, technical and fleet management data, through to estimating, bodyshop and dealer management systems and web-based services, Glass's has information that the motor industry relies on. Glass's also now provides valuation data direct to consumers, via the Glass's Motoring Guide website (www.glass.co.uk).
In 2000 Glass's merged with Eurotax, forming EurotaxGlass's - Europe's leading supplier of automotive business intelligence across 28 countries. The merger has created a group with unrivalled resources and knowledge. This has paved the way for many innovative future developments, not least of which is the pan-European Market Intelligence Service that provides bespoke data and analysis for the industry at large.
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