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Europe Daily Bulletin No. 9003

3 August 2005
GENERAL NEWS / (eu) eu/competition
Continued price convergence for cars in enlarged EU, unchanged in euro zone

Brussels, 02/08/2005 (Agence Europe) - The latest European Commission report on car prices on the Community market published on Monday shows that the prices of new cars continue to converge in the enlarged EU. According to figures on 1 May 2005, the price differences grew constantly less in 2004: the average price gap between the 25 national markets fell from 6.9% in May 2004 to 6.4% in November 2004 then to 6.3% in May 2005. This gap remained stable in the euro zone (at 4.4% as in the last...