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Ford Fiesta back on top as car sales continued to rise in June

UK new car sales were up again in June 2012 with an increase of 3.5 per cent year on year. The Ford Fiesta is back as the top seller. It’s hard to credit that there’s a recession on when one of the biggest purchases most of us ever make – a new car – seems immune to the economic doom and gloom.

GM expands recall for deadly ignition issue

GM is expanding its ignition recall from earlier this month to include 2003-2007 model year Saturn Ions, 2006-2007 Chevy HHRs and 2006-2007 Pontiac Solstice and Saturn Sky models. The total number of cars affected in the U.S. has reached 1,367,146.

LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.