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P1 reborn: the return of the P1 supercar club

There's been a whopping great global recession, in case you hadn't noticed. P1, which was Britain's original supercar club, was struggling to repay asset finance repayments of £100,000 a month to fund its fleet of droolworthy cars – and nobody would buy supercars when P1 tried to sell. The market for top-end cars had frozen at the exact time that P1 most desperately needed the dosh.Eventually the banks called the loans in, as they had identified the supercar market as wobbly business they didn't want during a banking crisis.

Peugeot 208 R2 – it’s a rally prepared 208

Peugeot 208 R2 - a rally prepared 208 The new Peugeot 208 is about to hit showrooms so Peugeot are delivering a bit of sporty fairy dust with the rally prepared Peugeot 208 R2. As we say every time we run a story on the new Peugeot 208 – there’s a lot riding on it for Peugeot. The world has fallen out of love with mainstream cars and has become polarised, with ‘Premium’ and ‘Budget’ selling at the expense of a squeezed middle.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.