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Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

BMW 730Ld takes ‘Top Chauffeur Car’ title from Jaguar XJ

BMW 730Ld Chauffeur and Professional Driver Car of the Year 2011 Last year was very much the year of the Jaguar XJ, with awards and praise oozing from every publication. But a year is a long time in the car world, and the XJ – winner of the Chauffeur Car of the Year in 2010-  has been beaten in to third place in this year’s Chauffeur Car of the Year by the BMW 730Ld. Professional Driver Magazine awards annual gongs for the best ‘working’ cars, judged by an invited panel of chauffeurs, motoring journalists and private hire operators who drive and judge the contenders during a one-day judging event.

J. D. Power study: Consumers don't fret about reliability as much

The mantra that all cars are reasonably good is beginning to resonate with consumers, and a J. D. Power study found that reliability is less of a concern for shoppers than it previously was.