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Used cars set for soft landing

THE USED CAR MARKET is set to see a gentle slow down towards the end of the year, avoiding the price crash feared by some in the industry. Experts at CAP Automotive say there are no shocks on the horizon as used car prices are not reducing as quickly as previously expected. This is due to high demand for quality used cars and limited supply.

No Ferrari Viper, Dodge brand chief says

Despite allusions to cooperation on the Viper with Chrysler's new Italian owners, there will be no Viper Ferrari. Hey, it was a natural question, especially since Dodge opened that door in a press release on Tuesday about a lap record set by a production Viper ACR at Mazda Raceway Laguna Seca (1:33.915; more on that in a minute). "When we have partners across the ocean who are known as the best sports-car makers in the world, the future opportunities are huge," Dodge brand chief Ralph Gilles said in a release.

Ford follows Hyundai with payment protection plan

Ford Motor Co., taking a cue from Asian rival Hyundai Motor, is offering to make car payments for buyers who lose their jobs. The program, called the Ford Advantage Plan, will cover payments for up to 12 months. The move is aimed at boosting sales, which have fallen 45.9 percent this year through February at Ford Motor and 39.4 percent industrywide as the U.S.