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Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.

Saab's new 9-3 due in 2012 to set new Saab template

By Tim Pollard Motor Industry 04 June 2010 10:13 Now the new 9-5 is launched, attention is turning to the next generation of Saabs. Speaking at the 9-5 launch in Trollhättan, Saab bosses told CAR that the new 9-3 would be the first model to bear the true hallmarks of the new independent Saab since the Detroit divorce.GM sold Saab to Dutch entrepreneur Victor Muller's Spyker group in February 2010 for $78 million and an equity swap – meaning that the 9-5 was done and dusted by the time Saab had become independent. Next year's new 9-4X crossover, paired with and built alongside GM's Cadillac SRX and due in April 2011, is also largely finished.

Jaguar XFR-S: The Video

With the Jaguar XFR-S now on the show floor in Los Angeles, we have the first video of Jaguar’s quickest saloon car. Pretty (although quite un-Jaguar like) though the XFR-S is to look at, nothing gives you a feel for a car – apart from driving it – quite as well as a decent video with great sounds. And that’s exactly what Jaguar has on offer with their launch video for the XFR-S.