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New CAFE proposal would add $5,000 to sticker price, dealer group says

An Obama administration proposal to nearly double today's fuel economy standards could end up tacking on $5,000 to the sticker price of a new vehicle, a top official with the National Automobile Dealers Association said Tuesday. The proposal, which seeks to raise the corporate average fuel economy to 54.5 mpg by the 2025 model year, would force automakers to adopt costly fuel-saving technologies that could eventually price some buyers out of the new-car market, said Don Chalmers, chairman of NADA's government relations committee. NADA, a dealer trade association, represents 16,000 new-vehicle dealers who operate 32,500 franchises.

Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

New small Jaguar (Jaguar XS) caught on video at Nurburgring

The new small Jaguar pictured testing at the Nurburgring. A replacement for the un-loved Jaguar X-type has been on Jaguar’s ‘To Do’ sheet for some time, but a new small Jaguar is now finally on the way, although it is still probably more than a year away from hitting Jaguar showrooms. But a year or so is no time in terms of new car development, so Jaguar are already out playing with prototypes of the new small Jaguar – perhaps the Jaguar XS – although they’re wearing slightly unconvincing XF clothes.