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Where are Britain's biggest car buyers?

Jaguar If nothing else, the recent Used Car Market report – published by British Car Auctions (BCA) – reveals that when it comes to Great Britain and statistics, it's unwise to categorise us all into one great mass. How often do we read 'on average, a British driver does X', or 'a typical British driver will buy Y'? Well BCA's report suggests there's a real north/south divide and some of the results may surprise you.

FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.

Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.