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Used car sales return to pre-recession levels
Wed, 18 Sep 2013USED CAR SALES reached 7.1 million units in 2012, on a par with pre-recession levels and a climb of 6.4%, according to a comprehensive market report. The 2013 BCA Report by British Car Auctions valued the used car market a £38.1 billion in 2012, putting it £5.8 billion ahead of the new car market over the same period. In particular sales of younger used cars (0-2 years) increased significantly, rising by 18.6% to 762,000 and reversing a three year trend of falling volumes in this age sector.
BMW supercar stars in CAR’s new issue
Mon, 26 May 2008By Phil McNamara First Official Pictures 26 May 2008 11:16 BMW is preparing the M1 Hommage concept for production, the new issue of CAR reveals. ‘We have the know-how, we have the right engine, we even have the infrastructure to build such a car,’ vows BMW board member Herbert Diess. The supercar was shot exclusively for CAR, and following interviews with BMW executives, our July issue reveals key project details including:• The timetable for production• The three-strong powertrain line-up• The lightweight body construction• The plan for ‘heron-wing’ doors, and a driver-focused, multi-layered interior • And why BMW’s new supercar won’t be called M1 Read the story in the July issue of CAR, on sale Wednesday 28 May.
BMW & Toyota to collaborate on next-generation lithium-ion battery cells
Tue, 27 Mar 2012Toyota & BMW to work together on next-gen lithium-ion batteries BMW and Toyota are to work together to develop next-generation lithium-ion battery technology to try and make battery power more effective. Late last year we learnt that BMW and Toyota are to work more closely to share technology and expertise as the car industry enters a period of consolidation and partnership to try and keep R&D costs under control, and make their products more cost-effective. The result of the BMW Toyota tie-up sees BMW getting access to some of Toyota’s Hybrid nous and Toyota getting access to BMW’s excellent diesel engines.