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USED VALUES HOLD STEADY

THERE was no change in the value of the average used car between October and November 2010, according to new figures from BCA. November values were down £111 year-on-year and remained at £5,792 There was a slight increase in the volume of used vehicles reaching the market in November, but not enough to provoke any change. A seasonal lack of interest on the market is to blame for the lack of fluctuation as well as travel difficulties created by the cold weather, according to BCA, and the drop off in demand is likely to remain into December.

Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

BMW i8 to cost from £99,895

BMW has revealed its new i8 petrol-electric range-extender supercar will cost from £99,895 – and dealers are already taking pre-orders for the 155mph, 113mpg coupe. The high-performance i8 will be the second BMW i car to go on sale, following the launch of the i3 electric city car which goes on sale in BMW dealers this weekend. BMW i8 stars at the 2013 Frankfurt Motor Show BMW i8 review (2013 prototype) The near-£100,000 price tag for the 362hp car means it costs nearly £6,000 more than the 560hp BMW M6 Coupe – although as it is a 2+2, comparisons can also be drawn with the BMW M6 Gran Coupe: the i8 costs just over £2,000 more.