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Used car sales return to pre-recession levels

USED CAR SALES reached 7.1 million units in 2012, on a par with pre-recession levels and a climb of 6.4%, according to a comprehensive market report. The 2013 BCA Report by British Car Auctions valued the used car market a £38.1 billion in 2012, putting it £5.8 billion ahead of the new car market over the same period. In particular sales of younger used cars (0-2 years) increased significantly, rising by 18.6% to 762,000 and reversing a three year trend of falling volumes in this age sector.

Call for bus commuter tax break

A NEW TAX allowance should be introduced so that firms can help staff pay for the cost of commuting to work by bus, a campaign group has urged. Greener Journeys said people on lower incomes were more reliant on buses as they were less likely to have a car. The group, which promotes sustainable travel, said a "bus bonus" scheme should be launched, arguing it would boost the economy and improve access to jobs.

NHTSA finds proliferation of counterfeit airbags

The U.S. Department of Transportation’s NHTSA issued a safety warning about counterfeit airbags on Wednesday. The agency has become aware of a problem involving fake airbags used for replacement parts.