Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

What's New: December 2005

Hyundai HCD9 Talus concept Following the Neos III concept shown in Tokyo, Hyundai will be revealing the HCD9 Talus sports concept at the North American International Auto Show in January. Hyundai will also be showing the all-new Santa Fe SUV. Mazda CX-7 At the Detroit show Mazda will showcase the CX-7, a CUV that uses the same platform as the Ford Edge, but with more expressive, less macho styling to befit Mazda's 'Zoom-Zoom' philosophy.

Cadillac joins Lexus atop study of customer satisfaction

Cadillac joined Lexus as the brand with the most-pleased customers this year, as Detroit makes held three of the top five posts in an annual University of Michigan study of customer satisfaction. Cadillac rose from No. 2 last year to match Lexus with a score of 89 in the American Customer Satisfaction Index, released Tuesday.