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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.

Concept Car of the Week: Plymouth XNR (1960)

In the early ‘50s, both GM and Ford offered attractive and exciting sports cars, symbols of a proud post-war America. Ford had the Thunderbird and GM the Corvette, but Chrysler's approach was more pragmatic, producing cars that were practical and robust but also slow. After commissioning a long series of concepts designed by Italian carrozzeria Ghia, Chrysler gave a free hand to its design chief Virgil Exner to inject some life into its lineup.

MG6 – A new MG shows at Shanghai

The new MG6 is unveiled at Shanghai - coming to the UK in 2010 SAIC bought the rights to Rover when Rover fell apart after its sale by BMW for £10. But they didn’t secure all the rights to the ‘Rover’ name, so we won’t be seeing new Rovers by name, but instead we are to get a Rover 75 based MG – the first new MG launch since the ZS and ZT in 2001. Yesterday SAIC unveiled the new MG6, a sport hatchback based on the Rowe 550 (which is itself based on a shortened wheelbase Rover 75) and its destined to come to the UK next year.