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Confirmed: special Ferrari for 60th anniversary in USA

It’s been a busy week for Ferrari chairman Luca di Montezmolo. First he announced his resignation (effective from October) from the Italian sports car firm after 23 years at the helm. Then he proclaimed record financial results for Ferrari for the first six months of 2014 (£101.4 million profit) before declaring a special Ferrari model will be unveiled in October to celebrate 60 years of the Prancing Horse in America.

SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.

Marketing plan for the Scion iQ features parking, driving 'n' donuts

Part of Scion's quirky appeal to Gen Y is a knowing sense of not taking itself too seriously. After all, they're just cars, right? For the marketing launch of the Scion iQ minicar, Scion will have a brief spate of TV commercials that highlight the car's minute size and grand sensibilities.