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Used cars 'getting cheaper'

CONSUMERS holding on to their motor for longer are driving down the cost of used cars, according to new research. The average price for a second-hand car in July-September 2011 was £8,870 - a 2.4% decline compared with the same period a year ago, according to the Auto Trader company. It is the first time the price has dipped below £9,000 since the company started tracking the market in January 2010.

Vettel enjoys title toast

WORLD CHAMPION Sebastian Vettel has revealed he celebrated his fourth successive drivers' title with an impromptu night in his hotel bar before spending some time at home in quiet contemplation of his achievements. Vettel did not have too much time to bask in the glory of yet another all-conquering championship season as the Abu Dhabi Grand Prix follows just seven days later but he did admit the team spent a little while in the bar following the race win at the Buddh International Circuit. "Obviously it was a great relief when I crossed the line on Sunday," he said.

News watch November 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 November 2012• Europe's trade ministers are looking at a free-trade pact with Japan, despite resistance from EU car manufacturers. Currently Japanese cars attract a 10% tariff upon import to Europe.