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SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.

F3 History To Repeat At Silverstone Classic

ANYONE with fond memories of the ‘good old days’ of motor racing are in for a treat at this year’s Silverstone Classic meeting. Alongside numerous historic racing categories, event organisers are also promoting a line-up of classic F3 cars celebrating 50 years of the entertaining formula. Popular with up and coming drivers keen to advance to Formula One, F3 was used as a stepping stone by the likes of Ayrton Senna, Nelson Piquet, Nigel Mansell, Alan Jones and Alain Prost.

Boris Dumps the Congestion Charge

Well, not completely – that would be too much to hope for. But London Mayor Boris Johnson has scrapped the recent extension of the Congestion Charging Zone, which took in most of Chelsea, Kensington and Westminster, and was hugely unpopular. Boris scraps the Congestion Charge in Westminster, Chelsea and Kensington The £8 per day charge was the subject of a public consultation, which found that 86% of businesses wanted the congestion charge lifted.