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Are used car prices about to spiral down?

CAP – the used car price specialists – are warning that used car prices, particularly ’almost’ new car prices, are set to tumble as nearly new cars hit the market. The car market in the UK has proved amazingly resilient to the general malaise in the economy, with new car sales continuing to rise strongly and used cars seemingly immune to big depreciation drops. But CAP – who gauge used car prices for the motor trade – are warning that this could be about to change as the impact of recent trading in new cars is about to start impacting on used car prices, particularly prices for cars less than a year old.

New BMW X5 meets its E53 & E70 X5 ancestors (video)

The three generations of the BMW X5 meet The new BMW X5 has just been revealed, and it follows the formula of its predecessors to deliver a new X5 that has more of everything previous X5s offered – performance, economy, space, practicality and luxury. BMW like to call the X5 an ‘SAV’ (Sports Activity vehicle) to differentiate it from real SUVs; although the X5 has four-wheel drive it’s not really a mud-plugger like a Land Rover, but more a 5-Series on stilts. But it’s a successful formula that started with the first generation X5 (E53) in 1999.

Prize for budding young motoring journalists

By Peter Adams Motoring Issues 03 June 2009 12:39 Aspiring young car writers searching for a gateway into motoring journalism may want to start typing and enter The Sir William Lyons Award 2009. The Sir William Lyons Award, which is sponsored by Jaguar and promoted by The Guild of Motoring Writers, is free to enter and open to anyone aged between 17 and 23, of British nationality and resident in the United Kingdom. The winner will receive a trophy and a cheque for £2000 at the Guild’s annual dinner and awards evening in London.