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Used car sales hit record high

USED CAR SALES were at their highest in five years in 2013. There was a 0.9% increase in used car trades, with more than 6.8 million exchanges of ownership recorded, though this is still some way behind the previous record high of 7.8 million used car sales in 2008. Analysis from Experian shows cars aged nine years old or over were among the strongest performers in the used car market, with sales up 6% in 2013 compared to the previous year.

Jaguar Land Rover: Tata to double annual investment to £1.5 billion

Tata to double investment in JLR Tata Motors has revealed that it plans to double annual investment in Jaguar Land Rover (JLR) to £1.5 billion. Just last week we reported that Tata Motors’ profits in the last quarter had been driven very much by the resurgence at Jaguar Land Rover, with JLR profits soaring while Tata Motors domestic profits declined. And it looks like Tata are keen to keep that momentum going with the announcement that they are to double annual investment in Jaguar Land Rover to £1.5 billion.

Mazda 2 small car to arrive in U.S. in 2010

Mazda will bring the Mazda 2 small car to the U.S. market starting late next year, the Japanese automaker said on Thursday. The Mazda 2--named Demio in Japan--also will be sold in Canada.