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Lamborghini 'their choice' says Webb

IT WILL be up to pensioners whether they spend their retirement pot on a Lamborghini, Pensions Minister Steve Webb said as he defended a relaxation of rules announced in the Budget. Critics have warned that allowing pensioners to draw down the cash rather than being forced to buy an annuity will result in some blowing the fund and relying solely on state help. The luxury Italian sport cars sell for six-figure sums.

2014 Geneva Motor Show preview

The 2014 Geneva Motor Show opens its doors on 4 March and it will be a showcase for all that the world’s car makers have to offer. Some major new cars will make their public debut at the show, including the Audi TT, BMW 2 Series Active Tourer, Ferrari California and Renault Twingo, all of which will be on sale by the end of 2014. There’ll be plenty of concept cars on display, too: some will be outlandish visions of the future, but others – including the Skoda Vision C – will hint at production models that will be on sale soon.

Used car values look strong for 2014

THE VALUE OF USED cars is set to stay strong in 2014 following a rise in values this year, according to the latest analysis of the market. The latest report by British Car Auctions shows that compared to last year, new-to-market car values are around 15% higher than this time last year while older part-exchange cars are as much as 20% higher than a year ago. Simon Henstock, BCA’s UK Operations Director commented “We have seen an upturn in the supply of dealer part-exchanges in 2013, reflecting reports that retail sales have been strong.