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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.

One Lap of the Web: Packards -- Ask the man who knows way too much about one

-- For some light Wednesday reading, here's more information than you ever wanted to know about Packard. It includes the horrible neoclassics that plagued the 1970s, and the 1995 revival of the Packard name that attempted to stick a shortened rendition of the famous Packard grille in front of a 440-hp V12, all wrapped in a shape that looked like a melted Twix, as shown above. Our august associate editor Graham Kozak owns a Packard, so he could have filled us in on the details.

Mitsubishi is hoping that new models will spur sales in the United States

Mitsubishi aims to revive its ailing U.S. operations by introducing a new SUV and a small car by 2012 and by reviewing the dealership network to weed out weak players. "The revitalization of the American business is very important," Mitsubishi Motors Corp.