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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

Kia Ray

Kia has released images of its latest vehicle, the Ray. The compact A-segment car is destined for sale solely in its Korean home market. The diminutive city car takes on Japanese Kei car attributes in both dimensions and character.

Detroit's Vinsetta Garage will serve food, with Autoweek seasoning

The Vinsetta Garage, a haven for car collectors and enthusiasts on the Detroit area's legendary Woodward Avenue, is making a shift from servicing cars to serving dinner. The Vinsetta Garage, which closed nearly a year ago, will reopen next spring as a restaurant. The project is fueled by Autoweek publisher KC Crain and former Autoweek staffer-turned-award-winning restaurateur Curt Catallo.