Spring is here, and it's the perfect time to discover fresh feelings of adventure.If you are willing to explore your need for speed, then RepoKar is the right place for you! RepoKar is a fun, high-octane online Public Auto Auction where you'r...
Vietnam is a growing auto trade in South Asia. Car sales rose 62% in the eight months to August, to 70,033 items. The most of Vietnam's roads are produced by local companies such as market leader Thaco, which assembles vehicles for Kia, Mazda and Peugeot. But in the last few years there were imported cars from other countries and consists about 40 % of sales. Sales of Mercedes-Benz cars grew 43 % in 2014, making Vietnam the second-fastest growing global market for the German carmaker. Rolls-Royce and Bentley recently opened their first dealerships in Vietnam. The ...
In June, the National Automobile Dealers Association (NADA) rates making cars more expensive to finance, a drop in used car prices and to keep cars longer. A projection by Bank of America Merrill Lynch indicated that auto sales could rise to 20 million new cars by 2018. The less-good news for the automakers is that the analysts expect “a very significant downturn after that.”Americans are buying more cars now, the number of miles driven today is down about 6.7% compared with June 2005. On the basis of just total miles driven, in August U.S. drivers posted a new record of nearl...
“Today, crude oil prices, the main ingredient for gasoline, is less than half the price it was a year ago,” said Nuuanu gas station owner Barney Robinson, “so that’s why we’re enjoying lower prices today.”Hawaii ranks among the highest average of gas prices, but Robinson said the state will no longer be on the top of the list. It now trails Nevada, California and Alaska.“California has a supply problem,” explained Robinson, “and they have a boutique gasoline requirement, so when they have a supply problem, it always drives gas (prices) up t...
The TV and radio star, Chris Evans, was disappointed in selling only a half of his classic car collection. The collection was of 12 models and he expected to fetch £8 million.The most expensive models didn't reach their reserve prices - a Ferrari 275 GTB/C valued at £2.6 million and a £2.3 million Ferrari 365 Daytona Spyder. He also failed to sell his famous Chitty Chitty Bang Bang replica, which had an estimate of £250,000. A Ferrari 250 GT Lusso, valued at £1.4 million, also went unsold.However, Evans managed to raise more than £50,000 for C...
With a much lower gain than that of previous recent years, the Classic Auto Auction world seems to have hit a wall, and it will not be able to climb it for a while.For example, the prestigious Auctions held on the Monterey Peninsula last week were down a total of $20 million from their high of 2014.From all angles, we get the same advice: The market is stabilizing and the value of unsold inventory has doubled that of 2013. Perhaps, now we can deduct, in hindsight, that 2013 was the peak for this specific market. In fact, Blue Chip items such as automobiles from the 50’s to the 70&r...