Vintage Upholstery Vinyl Leather Fabric Car Seat Synthetic Furniture Sofa on 2040-parts.com

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.

GM's No. 2 PR executive leaves to join United Airlines

Tony Cervone, a top spokesman for General Motors as it battled bankruptcy rumors and won U.S. rescue loans, is leaving the automaker. Cervone, 46, will join UAL Corp., parent of United Airlines, as chief communications officer and senior vice president, United said in a statement on Wednesday.

Tesla Model S: European price revealed

Tesla has announced prices and model availability for Europe of the Model S – it starts at €72,600 – but no UK prices until late 2013. The Tesla Model S is garnering some impressive reviews now it’s out in the wild in the US, but it’s still some way from landing in Europe. But at least Tesla has come up with price and spec details for Europe, even though RHD models for the UK still don’t have a number.