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Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

Nürburgring sold for £83m to German auto tech group (2014)

By Ollie Kew Motor Industry 12 March 2014 11:00 The Nürburgring racetrack in Germany has been sold to German automotive and aerospace technology conglomerate, Capricorn Group, for a figure in excess of €100m (£83m), it has been announced. The Capricorn bid narrowly beat a rival offer from HIG Europe by virtue of its ‘higher purchase price and good prospects for the region’. For now, it’s business as usual.

Buick LaCrosse GL concept debuts ahead of L.A. auto show

Summoning the colors of coffee, saddles and wine, Buick has crafted an upscale concept car to illustrate its potential for interior design. The LaCrosse GL debuted on Wednesday afternoon at a Detroit concert house, ahead of a showing next week at the Los Angeles auto show. The Buick LaCrosse GL features brown and caramel-colored cocochino leather inside, ice-blue stitching and an expensive-feeling suede headliner as Buick tries to lure new customers by promoting top-shelf interiors.