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Honda introduces GEAR concept in Montreal

We already know that Europe often gets better cars than we do in the United States, but now Canada is getting in on the action, too. At the press days of the Montreal International Auto Show, the Japanese company introduced the Honda GEAR Concept. The car is reportedly inspired by fixed-gear bicycles -- gag me with a spoon -- and Honda says it's simple, utilitarian, but also customizable.

German new car sales drop 11 per cent – pre-reg accounts for 33.5 per cent

New car sales in Germany dropped by 11 per cent in September with pre-reg cars accounting for over a third of all sales. That drop of 11 per cent in Germany is despite deep discount offers – an average of 12.2 per cent in September – with even the previously invincible Mercedes and VW having to offer discounts of up to €3k, despite which VW’s sales fell by 20 per cent in Germany and Mercedes by 12 per cent. What’s perhaps most interesting about the decline in car sales in Germany is the number of pre-reg cars sold (pre reg cars are cars registered by dealers to hit sales targets and then sold at a discount of up to 25 per cent).

U.S. auto sales continue to plunge in February

February sales for each of the top six U.S. automakers plunged more than 37 percent in February--the worst month since December 1981. "We are in an automotive depression amid 'The Great Recession,' " Standard and Poor's analyst Efraim Levy said in a report.