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All used up: Pre-owned sales rise as consumers seek new-car alternatives

Used-car sales took a leap upward in April, and the trend is expected to continue at least until midyear as pent-up demand for affordable pre-owned vehicles jacks up at least one segment of the car marketplace. Sales of new cars continued an unabated slide toward what analysts say is a 30-year low in the United States, but used-car sales showed strength as buyers unable to finance new cars shifted their sights to less expensive used models. As a result, retailers such as the large Penske Automotive Group reported that despite an overall decline in sales in the first three months of 2009, improving used-car sales kept them in the black.

Nissan GT-R SpecV – UK and Europe launch

The £124,900 Nissan GT-R SpecV for the UK It’s almost a year since Nissan announced the GT-R SpecV for the Japanese market – and ten months since it went on sale – but they’ve just announced a limited run of Nissan GT-R SpecV for the UK and European markets. Just 40 will be produced at a slightly pricey £124,900 – more than twice the price of the Standard Nissan GT-R. If you use anything else as a benchmark for value for performance the GT-R SpecV stacks up.

New Subaru WRX STI aiming for a new Isle of Man TT lap record

The new Subaru WRX STI (pictured) is heading to the IoM Three years ago rally driver Mark Higgins went off to the Isle of Man with the last generation Subaru WRX STI and set a new record for a car round the TT course. And he’s about to attempt to beat that record in the new WRX STI. The current record round the challenging TT course is 19m 56.7 seconds – at an average speed of 115mph – a truly astonishing pace for a standard road car on a difficult and challenging road course.