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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

Toyota Furia Concept teased ahead of Detroit Auto Show (video)

Toyota has revealed a short video teasing a new concept car for the Detroit Auto Show - the Toyota Furia Concept. Toyota are intent on convincing us they’re heading in a sportier direction with their cars, and it’s true that dynamics and styling seem to be coming to the forefront in new models. That intent is demonstrated with the latest concept from Toyota – the Toyota Furia – which gets a tease ahead of a Detroit Auto Show reveal and appears to offer a sporty-looking saloon and a name that could have come straight from a video game – cue explosions and fire to demonstrate the Furia.

Porsche 911 GT3 R Hybrid race car revealed

Porsche will bring its latest hybrid know-how to the racetrack in the form of the new 911 GT3 R Hybrid, revealed here for the first time prior to a planned public premiere at the Geneva auto show in early March. Developed by a team of engineers at Porsche's Weissach R&D center, Porsche plans for the stripped-out race car to act as a rolling laboratory. The German carmaker wants to explore the potential of hybrid drivetrains in a racing environment before an expected announcement that it will return to the 24 Hours of Le Mans in a factory capacity, perhaps in 2012, with a race car boasting technology based on that used in the 911 GT3 R Hybrid.