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Are used car prices about to spiral down?
Thu, 04 Apr 2013CAP – 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.
Detroit Electric unveils the SP:01
Thu, 04 Apr 2013Detroit Electric unveiled its SP:01 electric sports car April 3 in Detroit. The Lotus-based roadster claims 201 hp from its mid-mounted electric motor and a range of up to 180 miles from its lithium-polymer battery pack. The company is headquartered in Detroit’s Fisher Building; it’s led by former Lotus Engineering and Lotus Group execs Albert Lam, Don Graundstadt and Benjamin Boycott.
Subaru Impreza STI Cosworth (2010): first teaser photo
Thu, 11 Feb 2010By Tim Pollard First Official Pictures 11 February 2010 15:40 Subaru has whet the appetite of hot hatch fans with this annoyingly restricted teaser shot of a new collaboration with Cosworth: the new Impreza STI wearing a Cossie badge.The company calls it 'a special one-off project', but the project appears to shun Prodrive who have fettled many of the go-faster official Subaru Imprezas of the past decade.Subaru Impreza STI Cosworth: what else do we know?Very little. Only a short marketing blurb was issued today, giving away no further facts. Here's what they told us:'Two of the biggest names in automotive performance have come together to work on a special one-off project, and the result promises to be truly staggering. Subaru UK and Cosworth have enhanced the performance, handling and styling of the acclaimed Impreza STI, creating a car that will raise the bar for all-wheel-drive, high-performance motoring.