A leading industry insider has warned that car companies may force the UK car market higher by pre-registering thousands of new cars to themselves, reducing the resale value of cars bought by legitimate customers.
Pre-registrations, theoretically outlawed by the government 10 years ago by a law with more holes than a sieve, are when car companies want to show they are selling lots of cars. They register the cars to themselves, their dealers or big fleet customers, only for the unwanted cars to re-appear on the market a few months later, with hugely discounted prices.
The first Cannonball 2000 race is due to start in September, and it already looks like it’s going to be the supercar event of 2012.The name denotes the 2,000-mile journey that entrants will embark upon, spanning five days and four countries; beginning from the Hilton Park Lane in London, the run goes through Paris, Monte Carlo, Barcelona and Milan
