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UK car market slumps to 'worst since 1966'
Fri, 05 Sep 2008Britain's new-car market is nosediving. Purveyors of big expensive cars – like Porsche – are experiencing that sinking feeling By Tim Pollard Motor Industry 05 September 2008 07:07 Credit crunch, spiralling oil prices, fragile consumer confidence... It's small wonder that the UK's car market is in turmoil.
Cash for clunkers: Is it ready for prime time in America?
Tue, 31 Mar 2009One proposed solution to prop up new-car sales in the United States involves paying bonuses to owners of older vehicles who send their cars to the scrapyard and buy new ones. Proponents say that not only does the auto industry benefit, but so does the environment, as emissions decrease and fuel economy typically improves in newer models. Critics, however, say that scrapping older vehicles hurts collectors by reducing the number of older models available and also hurts those least able to afford to buy newer vehicles by driving up the price of used cars.
One Lap of the Web: Who's collecting cars and who's jumping big rigs?
Tue, 11 Mar 2014-- Hagerty content VP and friend of Autoweek Rob Sass wonders out loud: When the baby boomers put down their auction flags and retire, what will happen to the collector car industry? "Who's going to buy all their cars?" (We will. –Ed.) Who, indeed -- every generation defines, and is simultaneously defined by, its own tastes.