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News watch Sept 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourMonday 24 September 2012• Volkswagen has dropped its appeal in the brand infrigement case against former partner Suzuki. The spat dates back to 2004, when VW contested an approval allowing Suzuki to brand a variant of its Swift supermini as 'Swift GTi'.

Lambrecht Chevrolet auction update: More detail on the cars

In about seven weeks, roughly 500 cars from Lambrecht Chevrolet in Pierce, Neb., will go across the auction block. And pre-bidding has already started on this massive time-capsule collection, accumulated over the course of many decades by Ray and Mildred Lambrecht, a husband and wife team who ran the dealership for more than 50 years. Autoweek will be in Pierce, Neb., to cover the sale in late September and to preserve a sample of the dust on the dealership floor for scientific study.

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.