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Car Sales On The Rise But Buyers Seek To Pay Less

LATEST industry data has shown that car buying is on the increase, however budget-savvy prospective buyers want to pay less for their new wheels. Data from Sainsbury's Bank has revealed that as many as 18% of adults are looking to buy a new car in the months up to and including February 2014. And while this is a healthy 28% increase on those who planned purchases in the last six months, those now thinking about buying are likely to pay averages out at £9,934, which is 3.5% down on the figure for the last six months.

USED VALUES HOLD STEADY

THERE was no change in the value of the average used car between October and November 2010, according to new figures from BCA. November values were down £111 year-on-year and remained at £5,792 There was a slight increase in the volume of used vehicles reaching the market in November, but not enough to provoke any change. A seasonal lack of interest on the market is to blame for the lack of fluctuation as well as travel difficulties created by the cold weather, according to BCA, and the drop off in demand is likely to remain into December.

Concept Car of the Week: Toyota EX-1 (1969)

Back in the 60s, Toyota launched a few iconic sports cars such as the 800 and the gorgeous 2000 GT. Not happy to have created automotive perfection with the latter, the Japanese brand went on to explore even more extravagant shapes and unveiled the first of the EX concepts series in 1969. While its bold lines are truly Japanese, the EX-1 looked like the missing link between the fast silhouette of a 1967 Maserati Ghibli and the hairy-chested heft of a Dodge Challenger.