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Used car values look strong for 2014

THE VALUE OF USED cars is set to stay strong in 2014 following a rise in values this year, according to the latest analysis of the market. The latest report by British Car Auctions shows that compared to last year, new-to-market car values are around 15% higher than this time last year while older part-exchange cars are as much as 20% higher than a year ago. Simon Henstock, BCA’s UK Operations Director commented “We have seen an upturn in the supply of dealer part-exchanges in 2013, reflecting reports that retail sales have been strong.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced onSunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.

Vettel wins for Red Bull in Japan

Vettel wins for Red Bull in Suzuka (Image: Getty) The start grid was not what we expected after Q3 on Saturday, after a raft of speeding under a yellow flag penalties were handed out to the drivers in Q3, resulting in Button starting 10th on the grid. And the race didn’t get a lot better for Button, ending up in eighth place with just one point, a place behind team mate Rubens Barrichello who finished in seventh. But the day belonged to Red Bull’s Sebastian Vettel who was in control from start to finish, picking up ten points and keeping alive his championship hopes.