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Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Jaguar Land Rover reveals huge profits growth

Jaguar Land Rover has reported half-year profits have broken the £1 billion barrier, with profit before tax of £1.083 billion marking a massive 42% year-on-year increase. Profits in the last three months alone were £668 million, said the firm. MORE new British jobs for Jaguar Land Rover Range Rover: why it is already battling Bentley The strong results are thanks to continued sales growth for the two British luxury car brands: sales over the past three months increases 21% to 102,644 cars – beating even the half-year sales rise of 16% to just over 197,000 vehicles.

Ram 1500 EcoDiesels are selling like hotcakes so far

We've been anticipating the arrival of the Ram 1500 EcoDiesel -- and speculating about what it means for the pickup market -- for months. On paper, the truck seems to make perfect sense: The 3.0-liter V6 in the 1500 EcoDiesel returns 23 mpg combined (20 city/28 highway) while producing 240 hp and 420 lb-ft of torque. After taking it for a spin, the $30,465 base price didn't seem too bad, either.