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All used up: Pre-owned sales rise as consumers seek new-car alternatives

Used-car sales took a leap upward in April, and the trend is expected to continue at least until midyear as pent-up demand for affordable pre-owned vehicles jacks up at least one segment of the car marketplace. Sales of new cars continued an unabated slide toward what analysts say is a 30-year low in the United States, but used-car sales showed strength as buyers unable to finance new cars shifted their sights to less expensive used models. As a result, retailers such as the large Penske Automotive Group reported that despite an overall decline in sales in the first three months of 2009, improving used-car sales kept them in the black.

Toyota will compete at 2012 Le Mans with a hybrid

Toyota today announced it would compete at the 2012 Le Mans 24-hour race with a hybrid sports car in the LMP1 class. This single rendering has been issued of the new Toyota hybrid race car. The Japanese giant has not competed at Le Mans in a factory team since the late 1990s with the GT-One, which set a lap record in 1999.

Cadillac Converj concept

Cadillac surprised the press today when it revealed a new 2+2 concept called the Converj. In his introduction to the concept, GM Vice-Chairman Bob Lutz said the vehicle was "pushing the envelope on design quality, and efficiency - everything that makes a great design great". Conceived at GM's Advanced Design studios in Coventry, UK, by a design team led by Simon Cox (Director of GM Advanced Design UK), the project was brought to realization in the US under the leadership of Dave Rand, Executive Director of GM Advanced Design.