1938 - 1947 Packard 8 Cyl & 1948 - 1950 All 15" Wheel on 2040-parts.com

U.S. car sales jump 20% in August

UPDATED -- U.S. auto sales--led by Honda Motor Co., the Volkswagen Group and Toyota Motor Corp.--jumped 20 percent last month for the strongest monthly pace in three years. The Detroit 3 also posted double-digit sales gains for August, signaling the auto industry's recovery remains solidly on track despite sluggish economic growth, rising gasoline prices and widespread consumer uncertainty.

Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

Toyota recalls Highlander hybrid, Lexus RX 400h

Toyota is recalling about 82,000 hybrid vehicles in the United States to fix a flawed control board inside the powertrain. The recall covers about 45,000 Toyota Highlander hybrids and 36,700 Lexus RX 400h hybrids from the 2006 and 2007 model years. Toyota says some of the transistors on the control board might have been improperly soldered and could be damaged from large current flow during high-load driving.