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Lack of history loses 20% of a car’s value

A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.

OnStar is not for sale, new features are being explored, executive says

OnStar is not for sale, and General Motors Co. is working to fine-tune the well-known service and position it for the future, a top executive said on Tuesday. Despite the recent jettisoning of several GM brands, OnStar is safe and officials are optimistic as it prepares to expand in December with a launch in China.

Bugatti sell their 400th Veyron – just 50 left to go. But what next for Bugatti?

The 400th Veyron – a Grand Sport Vitesse Jean-Pierre Wimille Special Edition Bugatti may have come to rely on ‘Special Edition’ Veyrons to keep making sales, but they’re now getting close to the end of their production run. The Veyron – which debuted in 2005 – is limited to a total of 300 coupes and 150 Roadsters, and all the coupes are long gone with just the Roadsters left to finish their run, and only 50 of are those left to sell. Not surprisingly, the 400th Veyron to be sold – the latest Veyron Grand Sport Vitesse Jean-Pierre Wimille Special Edition – went to a client in the Middle East at a hefty €2.14 million which, at a rates of around one a week sold for the last eight years, means the Veyron will be consigned to the Bugatti history book by the end of 2014.