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Toyota to unveil low-cost car next month

Toyota said it will unveil a concept of its new car for emerging markets at the New Delhi auto show on Jan. 5. The Japanese automaker plans to sell the low-cost compact car in markets such as India, Russia and Latin America.

Hyundai Genesis Hurricane SC prototype heads for SEMA

Hyundai will debut its newest prototype, the Genesis Hurricane SC, at the SEMA show in Las Vegas next month. With the help of Magnuson Products, Rhys Millen Racing, Harman International and Torvec Inc., Hyundai upped the output of its rear-wheel-drive coupe to 450 hp. The Hurricane SC (for supercharged) is the result of two years of development to enhance the power, traction, braking, exterior and interior design and the audio system.

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.