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Luxury cars still in demand

DEMAND remains strong for upper executive, sports and luxury cars says British Car Auctions (BCA), as buyers continue to support the company’s programme of Top Car and Executive sales. In the first half of the year, BCA sold 8,356 cars valued in excess of £20,000, worth a combined £231.4 million. Across the board BCA has averaged 102.57% of CAP Clean for cars sold for £20,000 or more in 2012.

Mercedes-Benz sells 1000,000 cars in a year in the UK for the first time

Mercedes Bristol hands over the 100,000th Mercedes old in the UK in 2013 It looks like Mercedes move in to a more convincing compact car with the new A-Class is already paying dividends, with Mercedes announcing it has already broken the 100,000 car sales in the UK for this year with a full month still to go. The 100,000th car is, appropriately, a white Mercedes  A 180 CDI Sport – perhaps the best-selling A-Class – which has been collected by its new owner from Mercedes-Benz of Bristol. This is the first full year the new A-Class has been on sale (although the first customer cars didn’t start arriving until well in to the new year) and augers well for sales numbers in 2014.

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.