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Petrol prices expected to plunge

PETROL PRICES at the pumps could plunge by almost 4p over the next two weeks, the RAC predicted today. But the reduction, and a forecast 2p dip in diesel, will only happen if other retailers follow the supermarkets' lead in dropping prices, the RAC added. It said that the wholesale price of petrol had now reached its lowest price since the beginning of December 2012.

Porsche makes £14k on every car it sells, Bentley makes £12.7k

Porsche made £14k on every car sold in 2013 If you need an illustration of how much more profitable high-end sports and luxury cars are than mainstream cars, VW Groups sales figures demonstrate it perfectly. At the extreme ends of the profit per car spectrum, Porsche made an enviable £13,931 for every car it sold in 2013 and VW made just £615 (although SEAT actually lost £330 on every car it sold) . In fact, although you might expect the higher-priced Bentley range to make more per car than a Porsche, Bentley only managed a creditable second place on VW Group’s profit per car table, turning in £12,700 profit for every car it turned out (11,000 of them in 2013).

Mustang named favourite classic

THE FORD MUSTANG has been voted Europe’s most wanted classic car with 37% of those polled saying they would love to have the American sports car in their garage. "Ford Mustang is more than a car, it’s the freedom of the open road and the spirit of performance driving," said Roelant de Waard, vice president, Marketing, Sales and Service, Ford of Europe. "Mustang has been a fundamental part of global automotive culture for almost half a century and is one of the world’s most recognisable vehicles." Launched in 1964, Mustang became an instant sensation and inspired millions of people.