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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.

Closed-road racing made legal in the UK

Could the UK host its own Mille Miglia? By Adam Binnie Motoring Issues 11 July 2014 15:52 A London Grand Prix on closed streets or even a Pikes Peak style hill-climb in the Lake District could now by possible after the Government approved plans to allow motorsport events on public roads. It is hoped that the decision to allow staged rallies, hill climbs and trials of speed on closed-road street circuits will give the country’s motorsport industry a jump start. Prime minister David Cameron made the announcement today while touring the new Formula One Williams factory in Oxfordshire.

Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.