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USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC

USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.

Ferrari exec to take over top post for Lotus

A top executive is trading in his Ferrari red for the green of Lotus. Dany Bahar will take over as the CEO of the British sports-car maker on Oct. 1.

Mazda MX-5 with 270hp launched by BBR

The MX-5 has always lacked one thing: power. But now, British tuner BBR is launching a turbocharged MX-5 that produces 270hp and is capable of reaching 60mph in less than 5 seconds. Based on a 2013 Mazda MX-5 2.0-litre Sport Tech Roadster Coupe, the BBR GT270 will reach 60mph in 4.9 seconds and hit an electronically limited top speed of 150mph.