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Car price report shows price differentials for new cars in EU narrowing in 2010

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The European Commission’s latest car price report shows that car prices fell by 2.5% in real terms in 2010 in the European Union as a whole. List prices for new cars also converged slightly. These long-term price trends support the Commission's decision last year that specific competition rules for the sale of new cars are no longer justified. Overall, price differences for passenger cars between Member States decreased, as expressed in manufacturers' price lists. But the differences remain big in some cases pointing to large savings for consumers shopping across borders.

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