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New car sales up by 3% on 2013

ANOTHER RISE in new car sales in February has meant purchases have increased every month for two years. A total of 68,736 vehicles were registered last month - a 3% rise on the total for February 2013, the Society of Motor Manufacturers and Traders (SMMT) said. Sales for the first two months of this year have totalled 223,298 - a 6.1% rise on the total for the first two months of 2013 SMMT chief executive Mike Hawes said the two years of continuous growth was "a real endorsement of consumer confidence and the attractiveness of the new car market".

Volvo gives T6 engine the Polestar treatment

Just weeks after announcing its Polestar performance kits for the T5-engined cars, Volvo is now offering packages for the XC60, S60 and XC70 models fitted with its turbocharged six-cylinder engine. The T6 Polestar software package adds 25 hp and 30 lb-ft of torque, bringing totals to 325 hp and 355 lb-ft, respectively. Volvo says the added power won't result in greater fuel consumption, as the tuning of the engine only increases power when needed--though we'd imagine most drivers will feel the need often enough to significantly affect mileage.

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.