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New car sales up by 3% on 2013

ANOTHER RISE in new car sales in February has meant purchases have increased every month for two years. A total of 68,736 vehicles were registered last month - a 3% rise on the total for February 2013, the Society of Motor Manufacturers and Traders (SMMT) said. Sales for the first two months of this year have totalled 223,298 - a 6.1% rise on the total for the first two months of 2013 SMMT chief executive Mike Hawes said the two years of continuous growth was "a real endorsement of consumer confidence and the attractiveness of the new car market".

Toyota fails to land 'top safety pick' rating in insurance-group study

For the first time in three years, none of Toyota Motor Corp.'s vehicles received “top safety pick” ratings from an insurance group, as tougher criteria pared the number of selections from 94 last year to 27 this year. Ford Motor Co. led all automakers for the second year in a row with six 2010-model top safety picks from the Insurance Institute for Highway Safety, including four from Volvo, a brand that's being sold.

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.