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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.

Automotive X Prize teams begin performance testing in Michigan

The 28 teams competing in the Progressive Insurance Automotive X Prize will begin performance testing this week at Michigan International Speedway in Brooklyn, Mich. The teams are vying for $10 million in prizes, which will be awarded to consumer-friendly vehicles that exceed 100 mpg. This week begins the first of the three on-track performance testing stages: shakedown, knockout qualifying and finals.

Toyota previews two new Geneva-bound concepts

Toyota has released the first images of its FT-86 Open and i-Road concepts ahead of their debuts at the upcoming Geneva motor show. The carmaker's FT-86 Open concept previews a potential future development of the GT86 sports coupe. Toyota is using the concept to gauge public reaction while carrying out engineering tests on a prototype.