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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.

Official: New Alfa Romeo Spider based on new Mazda MX-5

Following a MOU in May 2012, Alfa Romeo has confirmed they will be launching a new Alfa Spider in 2015 based on the next Mazda MX-5 Back in May 2012, Fiat and Mazda signed a memorandum of understanding to produce a new Alfa Romeo Spider built on the same platform as the next generation Mazda MX-5, and that has now turned in to a solid agreement with the new Alfa Spider arriving in 2015. But this won’t be a simple badge-engineering by Fiat to roll out a new Alfa Spider that’s just the same as the next MX-5 but with a different badge and grill, but will feature different styling and engines to make sure there is real differentiation between the roadsters. That means the new Alfa Spider getting Italian styling (which we hope has more than a passing nod to the original Alfa Spider) an, it’s expected, Alfa’s 1750cc engine we’ll see in the new Alfa 4C when that arrives.

Ford, Lawrence Tech offer design scholarships

The next Camilo Pardo might hail from Lawrence Technological University. In the Designing for the Future contest, Ford Motor Co. and Michigan's Lawrence Tech are challenging high school seniors to compete for more than $75,000 in scholarships to the school's transportation and industrial-design programs.