How Fast Does My New Car Lose Value?

The very minute that you drive a new car off a dealer's lot, it loses value. That's just a fact of life, and the infographic below gives you a roadmap of depreciation milestones. But depreciation doesn't mean you shouldn't buy a new car. In fact, if your plan is to drive the wheels off your car, then depreciation has no affect on your purchase. But if you do intend to trade it in, you need to be smart about the resale value of cars, and here's the key:

via www.edmunds.com

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Your Next Volvo May Be Made out of Batteries

Imagine a car whose body also serves as a rechargeable battery. A battery that stores braking energy while you drive and that also stores energy when you plug in the car overnight to recharge. At the moment this is just a fascinating idea, but tests are currently under way to see if the vision can be transformed into reality. Volvo Cars is one out of nine participants in an international materials development project.

Nano battery project: A composite blend of carbon fibres and polymer resin is being developed that can store and charge more energy faster than conventional batteries can. Materials development project launched by Imperial College in London that brings together nine European companies and institutes. Volvo Cars is the only car manufacturer participating in the project. The project started early 2010.

via www.media.volvocars.com

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