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USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC

USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.

Facelifted Lexus GX 460 gets price cut for 2014

Lexus has just released pricing for its refreshed GX 460 SUV, or LUV as Lexus likes to call it, for Luxury Utility Vehicle. The most noticeable change on the outside is the updated corporate fascia in the form of the Lexus spindle grille, though the freshened GX 460 also gets LED headlights, along with daytime running lights and available LED fog lights. More importantly, the GX 460 will get a $4,710 price cut.

Fiat 500 gets 3-star safety rating from NHTSA

The slow-selling 2012 Fiat 500 now has another obstacle in its sales path: It has been tagged by the National Highway Traffic Safety Administration with a three-star safety rating, the lowest of any new model tested so far. The two-door subcompact received four stars from NHTSA for frontal crash and rollover accidents but received just two stars for side-impact crash safety, the agency announced on its Web site, safercar.gov. The tests gave the car a combined overall safety rating of three stars, NHTSA reported.