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Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

Alfa Romeo roadster to be twinned with Mazda MX-5

Mazda and Fiat today announced a new deal to develop future sports cars jointly. A new affordable Alfa Romeo roadster will be built - in Japan - from 2015. The non-binding memorandum of understanding covers the development and manufacturing of a new roadster for the Mazda and Alfa Romeo marques based on Mazda’s next-generation MX-5 rear-wheel-drive architecture, according to the statement issued this morning.

Mitsubishi Outlander Plug-in Hybrid Electric Vehicle (PHEV) starts European sales

The Mitsubishi Outlander PHEV (pictured) now on sale in Europe The Mitsubishi Outlander PHEV landed officially at the Paris Motor Show in 2012 – preceded by a number of concepts before Mistubishi was happy – as a plug-in hybrid from Mitsubishi. Mitsubishi had promised the Outlander PHEV would go on sale in 2013 so, by the skin of their teeth, they’re starting to roll it out in European markets with the Netherlands up first followed by the Nordic countries – and the UK somewhere down the list. With 12,000 orders for the Outlander PHEV in Europe already, Mitsubishi are assured of a decent level of sales for their PHEV SUV, although those sales are driven by the daft tax breaks on offer for ‘green’ cars more than anything else.