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BMW M550d xDrive (2012) - the diesel M saloon

BMW has launched its first diesel M car: the new M550d xDrive in saloon and Touring estate forms. It's part of a strategy to fill the gap between the exclusive M GmbH division cars and the top-end cosmetic M Sport trim lines with a new range of M lite: BMW M Performance Automobiles. Developed by the engineers responsible for the M3, M5 et al, the new M550d xDrive is powered by a new high-output version of the 3.0-litre straight six turbodiesel packing not one, not two, but three turbochargers.

World’s biggest classic car auction sells Simon Cowell’s Bugatti!

Ever heard of the Barrett-Jackson Scottsdale auction? No, we hadn’t either, but it’s been dubbed the ‘world's greatest collector car auction’, with the last sale resulting in 1,400 vehicles sold for a total sum exceeding a cool $113 million. The Scottsdale auction is a mecca for classic car nuts and celebrity spotters alike, with six days of live, high-definition auction action played on Fox TV.

Lack of history loses 20% of a car’s value

A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.