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To thwart speculators, Lexus will lease, not sell, 500 LFAs

Lexus has a plan to head off speculators when its limited-edition LFA sports car goes on sale in January 2011. The company will offer only two-year leases for the $375,000 two-seater, said Brian Smith, vice president of sales and dealer development for Lexus division. Lexus will hang on to the vehicle's title.

2014 Subaru WRX and STI pricing released

The Subaru WRX and WRX STI are now in their final model year before they're replaced by an all-new version, and Subaru has just released prices for the 2014 model year. Both cars get a $200 bump for 2014, and destination charges rise, too. The 265-hp 2014 WRX will now start at $26,790 and will be keeping its 2.5-liter turbocharged and intercooled four-cylinder boxer engine and five-speed manual transmission.

Stop buying new cars says government adviser

People should stop buying new cars and drive their old ones until they’re beyond repair, says a top government adviser. This news, reported by the Daily Telegraph, comes a day after we reported that new cars sales figures have hit a six-year high. On Bing: see pictures of scrap cars Find out how much a car over 10-years-old costs on Auto Trader Chief scientific adviser to the government’s energy department, David MacKay, said “car manufacturers love us to buy a new car every few years” and that Britain needs to end its throw away culture.