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World’s oldest unrestored Austin Mini fetches £40k

1959 Austin Mini Seven went for £40k The oldest unrestored Mini in the world was expected to fetch £12-15k in auction last week. It actually went for £40,250. Just a couple of weeks ago we reported that the oldest unrestored Mini in the world was going under the hammer at the Bonhams sale at the RAF Museum in Hendon, expected to fetch as much as £15k.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.

New car registrations continue to rise – up 6.6% in July 2014

The Ford Fiesta (pictured) topped the UK sales chart again in July 2014 There must come a point (mustn’t there?) when new car sales/registrations slow down in the UK, but there seems little sign of it happening any time soon. For the 29th month in a row, new car registrations in the UK rose again in July 2014, up by 6.6 per cent on the same month in 2013, hitting a total of 172,907. So far in 2014, new car registrations have risen by 10.1 per cent to 1,460,172, with the SMMT predicting that new car registrations for 2014 will end up 8.1 per cent up on 2013 at 2,450,000.