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Ferrari plans to sell fewer cars in 2013

Ferrari boss Luca di Montezemolo has announced an unusual plan for the Prancing Horse: to sell fewer cars in 2013 than the 7000 it delivered in 2012. Speaking in Maranello, di Montezemolo stated that 'this is a far-sighted decision to strengthen our brand equity, from what I learned from Enzo Ferrari… We must resist people who say the competition will benefit from us making fewer cars… When others penetrate our markets, we are happy to meet this challenge.' Is Ferrari mad to chase fewer sales? It is not the first time that Ferrari has decided to limit supply: 'In 2003 we did the same,' explains Montezemolo.

Asian brands top annual Consumer Reports rankings on reliability

Honda, Acura, Porsche and Scion topped the annual Consumer Reports reliability survey released on Tuesday. At the other end of the spectrum, Audi, BMW and Mercedes-Benz were deemed among the worst. Findings are based on responses about 1.3 million vehicles owned or leased by subscribers to Consumer Reports or its Web site.

Used car values look strong for 2014

THE VALUE OF USED cars is set to stay strong in 2014 following a rise in values this year, according to the latest analysis of the market. The latest report by British Car Auctions shows that compared to last year, new-to-market car values are around 15% higher than this time last year while older part-exchange cars are as much as 20% higher than a year ago. Simon Henstock, BCA’s UK Operations Director commented “We have seen an upturn in the supply of dealer part-exchanges in 2013, reflecting reports that retail sales have been strong.