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Used car sales return to pre-recession levels

USED CAR SALES reached 7.1 million units in 2012, on a par with pre-recession levels and a climb of 6.4%, according to a comprehensive market report. The 2013 BCA Report by British Car Auctions valued the used car market a £38.1 billion in 2012, putting it £5.8 billion ahead of the new car market over the same period. In particular sales of younger used cars (0-2 years) increased significantly, rising by 18.6% to 762,000 and reversing a three year trend of falling volumes in this age sector.

GM recalls 2011 Cadillac SRXs for airbag fix

General Motors is recalling 50,500 copies of the 2011 Cadillac SRX crossover because the front-passenger airbag does not work as outlined in the owner's manual. The recall affects 47,401 vehicles in the United States, with the remainder in Canada and Mexico. GM said there are no reports of crashes or injuries related to the issue.

Toyota goes dynamic with ME.WE concept

Toyota revealed its funky looking ME.WE electric concept on Wednesday. The “anti-crisis” vehicle was designed in collaboration with French architect Jean-Marie Massaud. The ME.WE makes its debut at Le Rendez-vous Toyota, the company's brand-experience center in Paris.