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USED CAR MARKET BOUNCED BACK IN JANUARY

BCA’S LATEST Pulse report shows that average values rose in January following the disruption caused by the Arctic conditions and shorter trading period in December. The volume of vehicles being traded also increased – not surprisingly very significantly when compared to December, but also by 10% year on year. Vehicles from both the fleet & lease and part-exchange sectors recorded notable value improvements and part-exchange values reached record levels.

BMW and Merc to join forces

By Georg Kacher Motor Industry 08 February 2008 13:03 CAR Online today reveals the extent to which BMW and Mercedes are plotting to cooperate on future models. In a wide-ranging plan, the two German premium marques could join forces to take on the might of Audi, with its backing and economies of scale of the whole Volkswagen group and, increasingly, Porsche. BMW chairman Norbert Reithofer and his counterpart at Daimler, Dieter Zetsche, are coming to the conclusion that the two brands – for so long, fierce rivals – should work together rather than fight against each other.

Ferrari teases next California

Ferrari is set to reveal a new, or possibly improved, vehicle on Feb. 12. It will be the world premiere of the “149M Project”, which Internet rumors have pegged as a (M)odified version of the current California drop-top.