In a move being welcomed by London's LibDem MEP Sarah Ludford the European Commission is breaking the carmakers' monopoly on sales and services in bid to end rip-off car prices in the EU the world's second-largest car market.
Commenting Sarah Ludford said: "From October 2003 the carmakers' lucrative monopoly on servicing and spare parts will end and the motor industry's stranglehold on the distribution of their cars will end by October 2005. That means that car dealers will soon be able to sell a wide range of cars under one roof and source them from the Continent."
"Mario Monti the European Commissioner for competition has made the right decision. The move will be especially good news for British consumers as we suffer most from the very highest car prices in Europe."