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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

TVR Griffith gathering set for June 24-26 at Mid-Ohio

If our story last month on the TVR Griffith whet your appetite for these rare Brits, set your nav system for the Mid-Ohio Sports Car Course in Lexington, Ohio, and be there June 24-26. The Griffith Motorcar Club International will be hosting Richard “Dick” Monnich, the first TVR importer in the United States and the catalyst for the Ford 289-powered TVR Griffith, as part of the fifth-annual Gathering of Griffiths & TVRs. Event organizer and former Griffith factory test driver Mike Mooney claims all three Griffith body styles will be present, along with a British-produced TVR 500.

Tata will redo Nano for the U.S.

A redesigned version of India's no-frills Nano minicar will come to the United States in three years, said Ratan Tata, the billionaire boss of that country's giant Tata Group. "The U.S. is a very enticing market," Tata said in an interview.