Ferrari 250 GTO #3851 GT disappoints at $38 million

The Ferrari 250 GTO #3851 GT makes ‘just’ $38 million Last month, we reported that a Ferrari 250 GTO was due to hit the auction room at Bonhams Quail Lodge sale and was expected to hit a massive record price, with estimates ranging from $60-100 million. On that basis, the sale was a complete failure. In fact, the 250 GTO – previously owned by Fabrizio Violati – managed to reach a relatively paltry $38.1 million (£22.8 million), with the actual price (before buyers premium) ‘just’ $34.6 million (£20.7 million).

Car Color Trends Shift with the Economy (Video)

According to the 2008 DuPont Automotive Color Popularity Report, white is the top vehicle color choice in North America for the second straight year in a row, with black and silver close behind. And experts say the slumping economy may be playing a role in these choices. During an economic downturn, people tend to be more conservative when purchasing a new car and often avoid getting something too trendy.

2014 Chrysler 200 gets a short run

Chrysler Group will cut short the Chrysler 200 sedan's 2014 model year to launch a redesigned version in January. Internal Chrysler documents indicate that the 2014 Chrysler 200 will start production in July at Chrysler's Sterling Heights plant in suburban Detroit and end in the second week of January. Normally, production of the 2014 model would run well into 2014.