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AA warns of automated penalties

DRIVERS are still suffering a year on from the time most wheelclampers were banned from operating in private car parks, according to the AA. Twelve months on, parking enforcement firms are reaping large sums from issuing automated "penalty" tickets. The AA said that while Communities Minister Eric Pickles is reining in local authorities who over-zealously use CCTV, private parking operators now rely heavily on this technology and automatic number plate recognition (ANPR) to watch drivers and issue tickets through the post when they put a foot wrong in parking areas.

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.

RM Monaco sale tallies $43,410,615

RM Auctions sold 87 percent of the lots it offered at its Monaco sale held last weekend at the Grimaldi Forum. The result was $43,410,615 in total sales, with six lots bringing more than $2 million and 10 lots bringing more than $1 million. A 1957 Ferrari 625 TRC Spider drew the biggest bid, selling for $6,469,848.