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Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.

National Corvette Museum launches effort to build a track complex

Driving to the National Corvette Museum in Bowling Green, Ky., ranks high on the must-do list of many car enthusiasts. Driving away from the museum in a shiny new Corvette is a dream realized by several hundred people each year, part of Chevrolet's factory-delivery program. Now, the museum wants to make it possible to drive while you're there.

Richard Petty's second Spring Fling car show set for Memorial Day weekend

Richard “The King” Petty and Petty's Garage will hold its second-annual Spring Fling Car Show on May 26 at the shop in Randleman, N.C. The show is open to all makes and models and is sponsored by the Automotive Lift Institute. This event, which includes a cruise-in on Friday night, is free to the public.