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2011 New York auto show: Day 1 wrap-up

Day one of the 2011 New York auto show is in the bag, and If you haven't been following our coverage, here's a look at what the autoweek.com editors and contributors enjoyed on Wednesday. Want even more? Follow us on Twitter for the very latest from the show floor, and the afterparties.

SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.

Alfa Romeo Mito TCT (2011) comes to the UK

Alfa Romeo's first twin-cluch gearbox is launching in the Mito - and the Mito TCT is now available in the UK. The MultiAir 1.4 is the launch engine for the TCT twin dry clutch transmission. Typically for Alfa, it's technically interesting: Alfa claims it enhances performance and comfort, gives a sportier feel and more importantly in the current climate, reduces CO2 emissions.