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USED VALUES HOLD STEADY

THERE was no change in the value of the average used car between October and November 2010, according to new figures from BCA. November values were down £111 year-on-year and remained at £5,792 There was a slight increase in the volume of used vehicles reaching the market in November, but not enough to provoke any change. A seasonal lack of interest on the market is to blame for the lack of fluctuation as well as travel difficulties created by the cold weather, according to BCA, and the drop off in demand is likely to remain into December.

Lexus IS Coupe arriving in 2014 & IS F V8 on the way

Now it looks like Lexus is going to bring the LF-CC to production life in 2014 as the Lexus IS Coupe (although there are rumours it could be the RC, but that may be for a production version of the even more appealing LF-LC as a range-topping Lexus Coupe) and equip it with the same petrol engine and hybrid options as the IS saloon. What is also in prospect is a return of the IS F – complete with sizeable V8 power – which, if it does arrive, will see the IS Coupe coming with the F engine option and making a very promising foray in to the powerful V8 Coupe market. What doesn’t seem likely is that Lexus are going to bother with a diesel option for the IS or Coupe, despite conventional wisdom saying they need a diesel option to compete in Europe because - as they’ve already demonstrated with the IS 300h – they can deliver an appealing and competitive hybrid with decent performance and price, and bring it in with under 100g/km emissions – perfect for the business market.

Gulf One Z06 tops $1 million at auction

An icon of 1960s racing, the Gulf One Corvette Z06 racer, was in familiar position last weekend at the Mecum Auction--first. The 1963 car sold for $1.05 million at the Kissimmee, Fla., event--doubling the price of a 1962 Mercedes 300 SL, which went for $525,000, not including the buyer’s premiums. The racer is based on a production Corvette Sting Ray.