Sticker Shock: U.S. Used Car Prices Soar as Nation Tackles Weak Economy and More

Well, it was bound to happen sooner or later. U.S. used car prices are up 30% over June 2010, in some cases besting Kelly Blue Book values by as much as 25%. Trade-ins are also up by 30% since this time last year.

A variety of factors, including an economy still reeling from the Global Financial Crisis, high gas prices and the Tōhoku earthquake, are thought to be responsible for the massive price rise.

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Mugen’s Supercharged Honda CR-Z Hybrid Prototype Debuts on Film

With development of the new Honda CR-Z Mugen concept nearing its end, the Japanese automaker decided it’s time to release the first video of the supercharged hybrid model on the road before its world premiere at the 2011 Goodwood Festival of Speed in July.

The prototype CR-Z is the collaborative work of Honda UK and its in-house tuning shop Mugen Euro. The hotted-up hybrid sports car feature modifications to the 1.5-liter i-VTEC petrol engine with the addition of a supercharger as well as to the Honda IMA system.

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