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Used car sales return to pre-recession levels

USED 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.

Lexus teases Frankfurt SUV concept (2013)

Lexus has released the first picture of what’s expected to be its new SUV concept car, bound for the Frankfurt motor show in September 2013. Clearly set to employ the sharp-creased design and huge ‘spindle grille’ cues from the current Lexus range – not to mention the LF-LC coupe concept – Lexus is nevertheless staying tight-lipped on details of its new model. We’ll see the car revealed completely in early September.

Camaro plant gets more work; recall issued

The strong early demand for the Chevrolet Camaro has General Motors looking to crank more units out of the Oshawa, Ontario, assembly plant. The Oshawa plant was exempt from GM's recent announcement of shutdowns of as long as nine weeks for several of its plants--primarily those that build pickups and SUVs. Oshawa will increase Camaro output by adding overtime and an extra week to the plant's production schedule.