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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.

Mahindra says it has dropped Global Vehicles as U.S. importer

India's Mahindra & Mahindra Ltd. said it has terminated a four-year agreement with its independent U.S. importer, Global Vehicles U.S.A.

Aston Martin V12 Vantage price set

The V12-powered version of the Aston Martin Vantage arrives in U.S. dealer showrooms late this year, with a base sticker price of $181,345, which includes shipping charges and a $3,000 gas-guzzler tax. Stepping up to the Carbon Black Special Edition adds $15,000 to the sticker price, for a total of $196,345.