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All used up: Pre-owned sales rise as consumers seek new-car alternatives

Used-car sales took a leap upward in April, and the trend is expected to continue at least until midyear as pent-up demand for affordable pre-owned vehicles jacks up at least one segment of the car marketplace. Sales of new cars continued an unabated slide toward what analysts say is a 30-year low in the United States, but used-car sales showed strength as buyers unable to finance new cars shifted their sights to less expensive used models. As a result, retailers such as the large Penske Automotive Group reported that despite an overall decline in sales in the first three months of 2009, improving used-car sales kept them in the black.

Bill Ford steps down

By Angus Fitton Motor Industry 06 September 2006 08:50 Bill Ford is set to step aside as chief executive of Ford Motor Company. Replacing him is 61-year-old Alan Mulally, previously the boss of Boeing's commercial aircraft division. Ford stepped down as part of a major management reshuffle designed to reverse the ailing fortunes of the world’s third largest car manufacturer.

BMW readying first M Performance model for U.S.

BMW will introduce the first in what will become a line of M Performance models to North America in early 2014 with the M235i coupe. It will take the place of the 1-series M coupe which recently ceased production after a run of more than 6,000 units, some 600 of which were sold in the United States. BMW is renaming the coupe and convertible versions of the 1-series as the 2-series for the vehicle's second generation.