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Scrappage helps UK car sales in October

Scrappage Scheme sales accounted for 20% of sales in October Despite our reservations about the Scrappage Scheme, it does seem that it has inspired buyers in to showrooms in the last few months. And October has recorded a year on year increase of 31.6%, although total car sales are still down over 12% on 2008 figures. October saw a big rise in new cars sales to private buyers with sales rocketing by 86%, and there were rises in the fleet and business market.

New entry-level Caterham Seven to cost under £17k

The new entry-level, sub-£17k Caterham Seven If there’s one thing you know about the Caterham Seven – Caterham’s recreation of Colin Chapman’s iconic Lotus Seven – it’s that it’s not b exactly laden with fripperies and heavy technology. So when Caterham tell us that they’re soon going to launch a new, entry-level, Seven that takes the Seven “…back to its simple design roots” we do wonder how much simpler the Seven can be than it already is. But Caterham say the new Seven will be probably the most fuel efficient car they produce with a new EU-6 compliant engine providing accessible fun for ‘under £17k’.

TVR sold

By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.