1963 American Motors Amc Rambler 6 195.6ci Classic Car Sun Electronic Spec Sheet on 2040-parts.com

Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

Glass’s Guide Luxury Cars price crash

I think we all knew it was happening, but Glass’s guide, the trade bible for used car values, has confirmed that luxury cars in the UK have fallen out of bed in a big way. Comparing luxury diesel saloons with a year ago, they say that average values have dropped by a massive 21%. And in pure money terms the top end coupes, such as the Porsche 911, have fallen by 18%.

Honda unveils Insight Hybrid

Honda has released the first official images of the Prius-fighting Honda Insight, which is due to launch in the New Year at the Detroit Motor Show, and be in UK Car showrooms in the Spring of 2009. Honda has been sceptical about the future of the Hybrid/Electric car, and has expressed the view that it believes the long term future lies in Hydrogen powered EVs, rather than EVs per se. But this is a sensible move by Honda to take away sales from the Toyota Prius.