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U.S. new car sales surge at fastest pace in nearly 7 years

U.S. sales of cars and light trucks surged 9 percent in November 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.3 million a year earlier and easily topping analysts' forecasts in the 15.8 million range.

Mercedes Concept Coupe SUV previews the MLC, Mercedes’ take on the BMW X6

The Mercedes Concept Coupe SUV (pictured) preview the new MLC The arrival of a Mercedes MLC – a coupe version of the ML – has been clearly signalled for some time but now, with the debut of the Mercedes Concept Coupe SUV at the Beijing Motor Show, we get the first clear sight of Mercedes SUV/SAV to rival the BMW X6. The Concept Coupe SUV may be a coupe version of the Mercedes ML, but its a far more glitzy, design-led SUV than the rather boxy ML with lots of curves and contours and a surprising amount of glass. A huge statement nose with lots of bling and an oversized 3-pointed star dominate the front of the Coupe SUV, a dramatic coupe roofline, contoured flasks, big 22″ alloys and a back end that takes design cues from the new S-Class Coupe but with slim lights that extend the full width of the car.

First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.