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...
European car sales rose 12 percent in August. As rising economic confidence encouraged purchases of new sport utility vehicles from French manufacturers Renault and Citroen and luxury producers BMW and Mercedes-Benz.European Automobile Manufacturers’ Association, or ACEA, said: "Eight-month sales increased 8.6 percent to 9.38 million autos. That included growth of 9.5 percent in July."BMW - the world’s biggest maker of luxury cars, is attracting customers with the coupe-like X4 and X6 SUVs, and is presenting the latest version of the X1 at the Frankfurt Internationa...
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...
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...
After currently testing the self-driving cars in California and Texas, Google decided to develop and to move towards selling the cars.Google's self-driving cars, limited to 25mph, include sensors and 3D mapping technology which create a virtual map of the car's current environment and obstacles. There have been a reported 11 cases of accidents involving the cars, all of which Google claims were down to human error.A few details has been developed, which now include a new set of buttons -- "go," "please slow down and stop," and "stop pretty quickly" -- usef...
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...
