Lexus LFA supercar is sold out, Toyota says

Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December. Each car carries a $375,000 base sticker price.

Nissan's Qashqai grabs top award

NISSAN'S Qashqai crossover has been voted ‘Used Car of the Year’ by used car pricing experts CAP – for the second year in a row. A panel of judges comprising of used car market and vehicle valuation experts at CAP said: “The Nissan Qashqai has created an entirely new ‘crossover’ sector and prompted other manufacturers to follow by marrying the practicality of a people carrier with the looks of a quality 4x4. By achieving this in a package that also offers economy, handling, strong build quality and reliability the Qashqai has become the perfect used car for our time.” The panel noted that strong demand meant the Qashqai was always highly sought after by trade buyers and customers alike, meaning it depreciated slowly and outperformed the general market.

Avis buys Zipcar and grows car-sharing capabilities internationally

Zipcar, a car-sharing company that specializes in renting cars by the hour or day, announced Wednesday it will be acquired by Avis Budget for $491 million, or $12.25 a share. The action will help Avis compete against Hertz Global Holdings, which became the world's second largest car-rental company in 2012 following its purchase of Dollar Thrifty car-rental company for $2.6 billion, according to a Bloomberg report. “By combining with Zipcar, we will significantly increase our growth potential -- both in the U.S.