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$2.9 million Pagani Zonda Revolucion introduced

Supercar maker Pagani introduced the Zonda Revolucion at its yearly international Pagani meet up. The Revolucion will be the last version -- for now -- of the Zonda. The company also said the R would be the last version, and then said the same thing about the Tricolore.

Local Motors Announces Texas Competition

New American car company Local Motors has announced the Texas Motors competition, the 19th design contest initiated by the Boston based start-up company. The deadline for submissions is February 10, 2010. The brief, which asks entrants to design a dynamic and capable hunting vehicle for the gamers of the largest US state, stipulates that the vehicle should be a ready-made solution for hunters of every variety, whether hunting stags or fowl.

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.