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Carmel kicks off concours craziness

Consider the Monterey car week begun! The Carmel-by-the-Sea Concours-on-the-Avenue launched with its best-ever crowd and what many were calling the best-ever show for the free-to-the-public event held every Tuesday before the Pebble Beach Concours on Ocean Avenue in Carmel. Eighteen blocks total were shut to traffic and jammed with collector cars, everything from classic 911s celebrating that car's 50th anniversary to Ferraris, Trans Am racers and a whole block of Shelby Cobras.

Lotus CEO Mike Kimberley to step down on Friday, citing health issues

Lotus CEO Mike Kimberley is stepping down on Friday, as back problems are forcing him to prematurely call it a career. Kimberley will turn 71 in August. He's in his second stint at Lotus and has been CEO since 2006.

USED CAR PRICES FIRMER THAN IN SUMMER

USED CAR prices were firmer across most sectors between September and November than the previous 3 months, according to the used car pricing experts, CAP. The CAP Used Car Price Index also reveals an increase in values for 4x4s over the period while convertibles are hitting the doldrums. A reduction in the number of used cars available overall, at the benchmark 3 year old point, is helping to keep prices relatively stable in most cases.