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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.

SAIC merges with Nanjing

By Keith Adams Motor Industry 28 December 2007 15:27 Is the Chinese car industry learning to rationalise?  Absolutely. In order to attack world markets, China’s government and its largest automotive players have been getting cute. There’s a rush to merge or combine in order to compete in international markets.

German custom shop creates vinyl wrap celebrating Ayrton Senna

It was 18 years ago on May 1 that Ayrton Senna crashed his Williams Formula One car and died during the San Marino Grand Prix. German customizer Cam Shaft is celebrating the man on the anniversary of his demise with a new vinyl wrap for an old Lotus Esprit. Senna drove for the Lotus team from 1985 to 1987 in the notable black-and-gold John Player Special Lotus 97T.