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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.

Goodwood Revival To Honour Iconic Maserati 250F

SEPTEMBER will see the organisers of the popular Goodwood Revival mark 60 years of one of Formula 1’s most iconic machines, the Maserati 250F. One of the highlights of the historic race meeting will be one of the largest ever on-track collections of the car at the September 12-14 event. As many as 16 examples of the 250F are expected to take part in the Richmond Trophy, which this year will feature 2.5-litre, front-engined grand prix cars of a kind that raced from 1954 to 1960.

Japan automakers extend shutdowns as quake impact widens

Japan's seven big automakers are extending nationwide production shutdowns amid growing concern about supply chain interruptions, power shortages and export difficulties following the massive earthquake and tsunami that hammered northern Japan, killing thousands. Toyota Motor Corp., one of the few automakers with a major manufacturing presence in the quake zone, suspended all manufacturing--at both assembly and parts plants--on Monday and extended the shutdown through at least Wednesday as an added precaution. The company will lose output of roughly 40,000 vehicles over the three-day period, spokesman Dion Corbett said.