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P1 reborn: the return of the P1 supercar club

There's been a whopping great global recession, in case you hadn't noticed. P1, which was Britain's original supercar club, was struggling to repay asset finance repayments of £100,000 a month to fund its fleet of droolworthy cars – and nobody would buy supercars when P1 tried to sell. The market for top-end cars had frozen at the exact time that P1 most desperately needed the dosh.Eventually the banks called the loans in, as they had identified the supercar market as wobbly business they didn't want during a banking crisis.

Car dealers are buying again

Used car sales in the UK (and just about everywhere else, for that matter) have been in the doldrums, to say the least, for many months. The inexorable decline in car values has left many dealers nursing painful losses on stock cars, and has led to the strange situation where, however desperate a dealer was to sell you a new car, he wouldn’t (or couldn’t) offer you a part-ex price. Car dealers are buying stock again But according to the used car value Gurus at Glasses Guide, things are starting to look up – a little.

Rolls Royce to set up shop in South America

Rolls Royce showrooms planned in South America The paradox of the current economic malaise  is that luxury goods – and luxury cars in particular - seem immune from the problems of the mainstream. Rolls Royce – to many still the epitome of luxury motoring – is doing very well, and is now planning an expansion in to South America. The cynical may say that Rolls Royce want a piece of the drug money floating round South America in their coffers, but South America is far more than a bunch of drug barons freely spending illicit cash.