Car Insurance
Prices of SUVs fall
Thu, 08 Dec 2005
According to new research, prices of Sport Utility Vehicles (SUVs) have dropped over the past year, meaning that car insurance costs for vehicle owners could also lower.
Price lists for SUVs went down by 0.2 per cent, according to EurotaxGlass's New Car Market Trends report, despite overall motor prices rising up 1.4 per cent year-on-year.
In addition, prices for SUVs are expected to fall further in 2006 due to increasing competition within the sector, along with the added incentive of cheaper models from volume and budget marques.
Alan Cole, editor for Glass's market intelligence service, said: "There will be at least 25 new SUVs arriving next year – far more than in any other market segment."
"With many of these vehicles expected to compete with affordable hatchbacks and saloon cars, the net effect will be to bring the price of the average SUV down further still," he concluded.
© Adfero Ltd
