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Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Hyundai Veloster Turbo arrives at Detroit

Hyundai Veloster Turbo - US spec arrives at Detroit The Hyundai Veloster Turbo has debuted at the Detroit Auto Show with more aggressive looks and 201hp from its 1.6 litre Turbo. The Hyundai Veloster Turbo that’s now arrived at the Detroit Auto Show – after a small leak of Veloster Turbo pictures this morning – may not be exactly the same as the Veloster Turbo we’ll get in the UK (more on that in a moment), but it’s close enough to give us a good idea of what the Turbo will add to the Veloster equation. We already like that the Veloster has character, and we very much like that the Veloster Turbo gets enough power to match its looks.

2013 Toyota RAV4 teased (video)

Toyota is teasing the 2013 RAV4 ahead of a debut at the Los Angeles Auto Show later this month and an on sales spring 2013. The Toyota RAV4 is a solid and reliable compact SUV, but it’s starting to struggle as the rest of the car world ups its came in the sector. So a new RAV4 is needed.