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CAR interviews Ferrari chairman Luca di Montezemolo (2010)

CAR recently interviewed Luca di Montezemolo, chairman of Ferrari. He's one of the most established names in the supercar arena, having started with Ferrari in 1973 as founder Enzo’s assistant and grand prix team manager. After winning two world championships with Nikki Lauda in 1975 and 1977, he left to head the organisation responsible for staging the 1990 football World Cup in Italy.

Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

New Car Sales Increase Again

NEW registrations in July 2014 totalled 172,907 - a 6.6% rise on the July 2013 figure, the Society of Motor Manufacturers and Traders (SMMT) said. The latest figures took the year-so-far total to 1,460,172 - a 10.1% rise on the January-July 2013 total. As a result, the SMMT has now upwardly revised its prediction for sales for the whole of 2014, forecasting that a total of 2.45 million could be reached.