NADA said for the first time in two decades, wholesale prices of used vehicles increased in December up three-tenths of a percent. In years past, December prices fell 1.4 percent on average. Increased consumer confidence helped fuel this year’s gain.
The Robb Report has named the Porsche 918 its Car of the Year for its “ground breaking technology” that took gas-electrics to a whole new level for the rich. It is powered by a 4.6-liter V8 delivering 608 horsepower at a screaming 9,150 if you refuse to lighten up your right foot, yet there is still more power to tap. If you add in the two electric motors, then you are looking at 887 horsepower with a staggering 944 lb-ft of torque. How fast? About 2.5 seconds 0-60 said Porsche. Yes, it is expensive but so is everything else in the Robb Report.
To our north, Canadian auto writers have released their finalists for Car of the Year. They are the Hyundai Genesis, Mercedes C300 4MATIC, Subaru Legacy and the U.S. winner, the VW Golf. Finalists for Utility Vehicle of the year are the Ford F-150, Porsche Macan S, and the Subaru Outback. The winners will be announced Feb. 12.
Harley Davidson has signed a deal with Sturgis, South Dakota making it the official motorcycle of the annual rally for the next 75 years. An open air pavilion for future events will be constructed in the downtown area from bricks removed from the 100-year old former Harley headquarters in Milwaukee. Harley and Sturgis will be partners through the year 2090.