Press Release: Competition: convergence of car prices improves within EU while remaining constant in the euro zone

The European Commission on 1 August 2005 published a report on 'Car prices within the European Union at 1 May 2005' which showed new car prices were continuing to converge across the enlarged EU. New Member States were responsible for this convergence, while convergence in older Members seemed to have peaked. In the euro zone, pre-tax prices were generally lowest in Finland and most expensive in Germany. Looking at the EU as a whole, Denmark was least expensive on average followed by Estonia, which was the cheapest market among the new Member States.

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