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Monterey auction kicks off with woodies sale

The Sports and Classics of Monterey auction is in full swing, and a collection of classic woodies netted $7 million Thursday. The Nick Alexander Woodie Collection featured 51 pristine pre- and postwar Ford and Mercury wood-bodied station wagons. The event was staged by RM Auctions in advance of the Pebble Beach Concours d'Elegance.

SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.

A look at Chevrolet future products

Based on Chevrolet's vehicle launches over the past few years, a casual observer might not know that General Motors' bow-tie brand still makes trucks. Well-received entries such as the Cruze compact and Sonic subcompact have helped transcend Chevy's image as a trucks-and-sports-cars brand. In coming months, the transformation of Chevy's car lineup will continue with the launches of the Spark minicar, two new engines in the redesigned Malibu and the long-awaited next-generation Impala, due early next year.