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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.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Kia Soul Shaker returns & Kia Picanto White arrives

Kia is reintroducing the Soul Shaker to its Shaker Originals range and launching a range-topping Kia Picanto White. With metal to shift, economic gloom and snow on the ground, car makers turn to new variations on existing models to get bit more footfall – and sales – at their dealers. So Kia is reintroducing the Soul Shaker to its Originals offerings (along with the Soul Quantum and Soul Inferno) to sit at the top of the Soul range with its Vanilla Shake paint job (or, as a no cost option, Quartz Black), 18″ alloys, Houndstooth upholstery with beige trim and a rear-view mirror that comes with a built-in reversing camera.