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USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC

USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.

Audi hike prices for UK Cars

It was always going to happen. The current weakness of Sterling against the Euro was always going to end up with Euro car makers putting up prices, and Audi has now decided to bite the bullet and push up prices by an average of 2% from 23rd February. Audi will, however, honour all existing orders and will not be seeking a surcharge.

Chevrolet Corvette gets more expensive for 2012

General Motors has released prices for the 2012 Chevrolet Corvette--and the cost is going up. According to information given to dealers, the sticker price for base cars is going up by between $480 and $1,150, depending on the model. There is one exception--the sticker price of the top-of-the-line ZR1 is decreasing by $75, to $112,500, including the $975 shipping charge.