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Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

Kruse auctions Duesenbergs on the cheap

Troubled Auburn, Ind., auction house Kruse International sold two Duesenbergs, both believed to be part of, or formerly part of Dean Kruse's personal collection, last weekend at the first of the Arizona auctions. And they went cheap. Real cheap.

Toyota to end Australian manufacturing in 2017

When Holden announced that it would no longer build cars in Australia after 2017, that country’s flagging automotive industry was effectively put on notice -- Mitsubishi had stopped building cars there in 2008, and Ford says its two plants there will close in October 2016. Now Toyota has announced that it has no option but to end vehicle Australian vehicle production. Like Holden, it will close its factories there in 2017.