Car prices down by 5% m/m

New car prices went down by 5 percent month-on-month and grew by 1.9 percent year-on-year in May, according to a report by research firm Samar and DNB Bank Polska. The analysis include eight automotive companies (Volkswagen, PSA, Toyota, Renault, Opel, Nissan, Hyundai and  Ford) which control 91 percent of the market. The companies that saw the biggest price hike were Volkswagen (10.9 percent y/y) and Toyota (9.1 percent y/y), followed by PSA, Renault and Ford (between 1 percent and 2.5 percent y/y). Prices of Opel, Hyundai and Nissan cars fell by 5.2 percent y/y, 6.9 percent y/y and 9.8 percent y/y, respectively.