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SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.

Andy Saunders sells 'Art Cars' collection

British 'car artist' Andy Saunders' 'Art Car' collection was sold by RM Auctions in London, UK on October 29, along with a selection of classic cars and a McLaren F1 that sold for £2.5 million - a new world record. Though lacking the quality of many Californian custom cars when seen close up, the Art Cars were fascinating to see, and unlike other custom car creators, Saunders has made almost all of the cars for himself; conceiving and creating the cars without any design process beyond thinking them through and getting his hands dirty in evenings after work.  Each of the cars introduced new themes not evident in their donor designs and, within the context of many salubrious but established classic car designs at the auction, they had a powerful quixotic appeal. So why is he selling them?

Hendrick buys first Corvette Stingray

Race team owner and car dealer Rick Hendrick bought the first 2014 Chevrolet Corvette Stingray, VIN 0001, at the Barrett-Jackson car auction in Scottsdale, Ariz., on Jan. 19. Hendrick's winning bid was $1.05 million, for a car that's estimated to have a sticker price around $60,000.