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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.

UK car sales grow for first time in 15 months

By Tim Smith Motor Industry 06 August 2009 12:30 UK new car sales have nudged upwards by 2.4% in July 2009 – the first increase for 15 months. The Society of Motor Manufacturers and Traders, which collates registration figures, claimed that the scrappage scheme was responsible for the jump. Paul Everitt, SMMT chief executive, said: ‘The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had, increasing new car registrations since April 2008.

Lightning GT

The Lightning GT is a fresh take on all-electric mobility; a performance car with unabashed sports car proportions. Made from carbon skin draped over the chassis architecture, the dynamic shape features bulging wheelarches and creased feature lines running from front to rear. By combining these classic, British sports car design cues with state of the art battery power and innovative electric motors, the Lightning follows the path of the Tesla Roadster and has been developed with the goal of generating exhilarating performance.