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Cars, Harleys among items to be sold in dealer bankruptcy auction

Three cars, five Harley-Davidson motorcycles and five boats are among the items from bankrupt Minnesota car dealer Denny Hecker being auctioned off to raise money for creditors. The item list for the May 25 auction in New Germany, Minn., includes a 2004 Cadillac Escalade, a 2004 Mitsubishi Eclipse Spyder convertible and a 2002 Mitsubishi Montero SUV. This is the third sale of Hecker's possessions since last August to raise money for creditors.

Car Sales On The Rise But Buyers Seek To Pay Less

LATEST industry data has shown that car buying is on the increase, however budget-savvy prospective buyers want to pay less for their new wheels. Data from Sainsbury's Bank has revealed that as many as 18% of adults are looking to buy a new car in the months up to and including February 2014. And while this is a healthy 28% increase on those who planned purchases in the last six months, those now thinking about buying are likely to pay averages out at £9,934, which is 3.5% down on the figure for the last six months.

Toyota hybrid tech looking toward the future

Toyota continues to build momentum as a leader of the hybrid industry. At an inaugural event held in Ypsilanti, Mich., the brand brought together all of the Toyota and Lexus hybrid vehicles from the Japanese, American, and European markets. In a display by Toyota representatives, presentations started with a quick look back at the infancy of the company's hybrid program, starting with the first-generation Prius in 1997.