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German new car sales drop 11 per cent – pre-reg accounts for 33.5 per cent

New car sales in Germany dropped by 11 per cent in September with pre-reg cars accounting for over a third of all sales. That drop of 11 per cent in Germany is despite deep discount offers – an average of 12.2 per cent in September – with even the previously invincible Mercedes and VW having to offer discounts of up to €3k, despite which VW’s sales fell by 20 per cent in Germany and Mercedes by 12 per cent. What’s perhaps most interesting about the decline in car sales in Germany is the number of pre-reg cars sold (pre reg cars are cars registered by dealers to hit sales targets and then sold at a discount of up to 25 per cent).

Jordan sells off Formula One collection

FORMULA ONE commentator and former team boss Eddie Jordan is selling off his collection of racing cars and memorabilia to raise money for charity. The sale includes the very first Jordan F1 car that driven by Michael Schumacher. It comes complete with the German driver’s original racing helmet that Schumacher signed and gave to Eddie Jordan as a souvenir.

Scandal-laden Jaguar up for auction

A STUNNING 1959 Jaguar XK150 Drophead Coupé with connections to one of the most famous British political scandals of all time has been lined up for auction. The car, with the number plate WLY 150, was owned by Dr Stephen Ward, the osteopathic physician who was at the centre of the Profumo Affair in 1963. Ward was the man who introduced John Profumo, Conservative MP and Secretary of State for War, to longstanding friend, model and showgirl Christine Keeler, who at the time was also allegedly in a relationship with Soviet spy Yevgeny Ivanov.