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Car dealers are buying again

Used car sales in the UK (and just about everywhere else, for that matter) have been in the doldrums, to say the least, for many months. The inexorable decline in car values has left many dealers nursing painful losses on stock cars, and has led to the strange situation where, however desperate a dealer was to sell you a new car, he wouldn’t (or couldn’t) offer you a part-ex price. Car dealers are buying stock again But according to the used car value Gurus at Glasses Guide, things are starting to look up – a little.

Rockin' Supercar: The Rebirth, Short Life, and Death of a Shark-Fin-Equipped '85 Toyota Tercel Wagon

Sometimes a very ordinary car becomes something special, maybe even loved, but that's not always enough to keep it out of the jaws of the crusher. This is the story of a second-gen Toyota Tercel wagon (known in Japan as the Sprinter Carib) and its journey from auction to lumber-hauler to kid transportation to a Chinese steel factory. Around the turn of the century, while I was working at a doomed dot-com in San Francisco's South of Market neighborhood, I discovered that the city auctioned off all the unclaimed tow-away cars every week at nearby Pier 70.

VW to announce Italdesign takeover on Tuesday

Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.