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Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

Chrysler details changes to minivan, Jeep Patriot

Wider use of the Pentastar V6, fascia changes and more luxurious materials in the interior are the key changes being made to the Chrysler Town & Country minivan and the Jeep Patriot for the 2011 model year. The changes come as Chrysler works to revive interest in its products after nearly two years of virtually no new-product activity while the automaker worked through a government-sponsored bankruptcy. Earlier this year, Chrysler unveiled the redesigned 2011 Jeep Grand Cherokee, which is now on sale.

Millions lie to cut car insurance costs

New research suggests that up to 2.4 million British motorists may be at risk of invalidating their car insurance because they’re not being accurate about the information they provide. Mystery shopping and market research specialist Consumer Intelligence carried out the study, which reveals that one in 12 of us essentially admits to lying to our car insurance companies in an effort to try and save money. Common car insurance myths busted The £1.2m insurance quote: driver quoted £104K a month for old Vauxhall Corsa Although one in five said they made a mistake or did not know the reason, 60% of those queried about their misleading actions said they did so in a blatant attempt to get a lower premium.