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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

McLaren SLR Edition revealed

McLaren SLR Edition A year ago – almost to the day – we reported that the very last McLaren SLR had rolled off the production line (well, production floor is more like it at McLaren) and that McLaren and Mercedes were going their own ways – McLaren with the McLaren MP4-12C and Mercedes with the Mercedes SLS AMG. The swansong for the SLR was the SLR Stirling Moss, an SLR dressed up like a silver arrow car from the 1930s, without a roof and only a vestigial windscreen. Or at least we we believed the Stirling Moss was the last SLR.

Cloud rises over diesel plan for Nissan Maxima

Nissan North America may postpone a V6 diesel engine planned for the Maxima sedan in 2010. Since the company revealed its Maxima diesel plan two years ago, gasoline prices have fallen dramatically, auto sales have collapsed and Nissan has begun reviewing product plans as it scrambles to restore profitability. "We haven't reached a decision on the diesel yet, but we have to consider where we want to put our capital investments," says Larry Dominique, North American vice president for product planning.