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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.

New Ford Ka city car concept revealed

Ford’s Ka city car was a revelation when it was introduced back in 1996. It offered cheap thrills thanks to a sweet little chassis, and fresh styling compared to contemporary compact hatchbacks. Now, the Ka legend is moving onto its third generation with this, the 2013 Ford Ka concept – "a cleverly designed and fuel-efficient new choice for urban consumers," according to Ford.

Infiniti sets up global HQ in Hong Kong

Nissan Motor Co. is establishing a new global headquarters for its Infiniti luxury brand in Hong Kong, in a nod to the surging sales it expects from China. Infiniti, which is not sold as a separate brand in Japan, is currently run out of Nissan's worldwide office in Yokohama, Japan.