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UK car market slumps to 'worst since 1966'

Britain's new-car market is nosediving. Purveyors of big expensive cars – like Porsche – are experiencing that sinking feeling By Tim Pollard Motor Industry 05 September 2008 07:07 Credit crunch, spiralling oil prices, fragile consumer confidence... It's small wonder that the UK's car market is in turmoil.

Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

Lexus LS (2012): the full set of new photos

Lexus has fully revealed the new LS, after last week's Facebook teaser. Two different LS models will be available again - the LS460 and LS600h - but there's now F-sport trim available for the first time, for those who want to give their LS a more sporting look. The LS will go on sale later in 2012, after its worldwide in-the-metal debut at the Moscow motor show.