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November a strong month for car sales

U.S. auto sales--led by BMW, American Honda and Volkswagen Group--rose 15 percent to 1.14 million in November, exceeding analysts' forecasts and setting the stage for the industry to finish 2012 on a high note heading into the new year. The annualized industry sales rate, adjusted for seasonal trends, accelerated to 15.56 million--the highest rate since 15.59 million in January 2008.

BMW i3 EV: More than 8,000 ordered already

The BMW i3 EV already has 8k orders BMW has invested heavily in their new ‘i’ range of electric cars – as much as £2 billion it’s estimated – with the ‘i’ cars being developed from scratch rather than based on an existing BMW model. The first BMW i to be launched is the compact city car BMW i3, revealed in production form in July, which costs from around £30k for the regular EV and an extra 10 per cent for the i3 with a range extender engine. Despite being revealed in July BMW has not yet officially put the i3 on sale, but that hasn’t stopped potential buyers lining up to palce a reservation, with more than 8,000 already signed-up for an i3.

Barrett-Jackson undergoes independent audit of 2008-09 auction results

Barrett-Jackson Auction Co. is opening the books on its 2008-09 auction season for an independent review by auditors from Deloitte & Touche. The auditors will examine Barrett-Jackson's auction practices, including its consignment process, bidder qualification procedures, adherence to contract sale terms and proper, timely and accurate payment to sellers.