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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.

Ford Mustang 50th Year Limited Edition (2014) Mustang history gallery

By Ollie Kew First Official Pictures 16 April 2014 12:45 Ford is celebrating 50 years of the Mustang with this imaginatively titled 50th Year Limited Edition Mustang. Strangely for a car that invented what we know today as the options and accessories list, you can only choose the colour (white or blue) and whether to have a manual or automatic transmission. Every other options box is ticked, while extra chrome highlights, louvered rear windows and a faux rear filler cap are exclusive to this birthday edition.

California considers pay-as-you-go auto insurance

There are pay-as-you-go cell phones and all-you-can-eat buffets, and somewhere in between slots a new auto insurance concept under consideration in California. The proposed regulations would allow insurance companies to offer coverage plans paid for by the mile, in addition to traditional plans. The idea is to allow consumers to pay for what they use--and potentially save money.