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Monterey auctions set sales records

Monterey 2012 entered the record books not only besting all previous sales totals, but also producing some astonishing individual sales results. Although final numbers are not in, the folks at Hagerty Insurance had observers at each auction who kept a running total while every car crossed the block. Expect the total numbers to go up as postblock deals were being put together by each auction house.

More luxury for Mazda's CX-5

MAZDA has added an SE-L Lux trim to its CX-5 crossover model. It provides a sunroof, electric driver’s seat adjustment, leather upholstery and heated front seats as standard. There is also an SE-L Lux Nav model that comes with satellite navigation included, which costs from £25,195, which is £1200 more than the standard SE-L Nav model.

Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.