US Citizens Now Keep Their Cars Longer Than Ever
How often do you look outside your car as you drive to work and see an older version of the model you drive? Older cars are staying on the road and in the market through different avenues of car sales. The average age of vehicles on the road in the…
Buy a New Car Just To Rent It Out
Manufacturers have proposed a new concept, which hasn’t been highly accepted yet. Automotive shops now recommend purchasing a new car and renting it out to other people to create another way to invest in property. News this week that BMW’s Mini will offer buyers of its cars the chance to…
Predictions for the 2015 Classic Collection
These cars will take you to a point where they will one day become classic, but you will be having to much fun to notice. Hagerty Hot List is what car enthusiasts everywhere looks forward to seeing each year. It doesn’t matter why you love cars or what you do,…
Automakers Report Strongest U.S. October Sales in a Decade
Auto sales continue to go strong in the U.S. with Automakers reporting their strongest U.S. October sales in a decade. The results, often an early snapshot of U.S. consumer spending, continued the strong run for a sector that has outraced the broader economy since 2010. “The U.S. economy has steadily…
American Car Buyers Offset Automakers’ Troubles Abroad
American consumers are buying new vehicles at a strong pace, which is offsetting the troubles that automakers are having outside of North America and leading to big profits for the biggest U.S. automaker. Overall U.S. sales rose 9% last month compared with the same period in 2013 to a nearly…
40 Million for a Ferrari, Sounds Crazy Right?
Well apparently, it’s not. A red 1962 Ferrari 250 GTO Berlinetta, which was once involved in a fatal accident, has set the world record for a car sold at auction, going for $38.1 million at a sale in California, auction house Bonhams said. The price offered on Thursday by a…
A Look at the Mercedes-Benz G550 for 2013
It looks like (and is built like) a freak’in tank! In many ways, this machine is a massive middle finger to automotive evolution. There have only been three iterations of the G-Class since Daimler first began building the machines for the Shah of Iran in 1979, and the latest of…
Grey Gas Market in New York
Talk about taking advantage of a bad situation. New York Attorney General Eric Schneiderman’s office announced Monday that it was looking into price gouging complaints after Superstorm Sandy. It said that the state’s General Business Law “prohibits such increases in costs of essential items like food, water, gas, generators, batteries…
BMW and Toyota Team Up for Sports Car Development
At a presentation held today at BMW’s headquarters in Munich, the German automaker together with Toyota announced a further expansion of an original alliance established late last year. The heads of both automakers signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four main fields. They include…