Auto News for May 25

An MIT survey of 3,000 people reveals that 48 percent would never purchase a self-driving car and only 13 percent would feel comfortable riding in one. Most said they do not like the loss of control and others said simply they do not trust the technology.

 In the “well daa” category comes another study. It concluded that if a small car collides with a larger car or an SUV, the occupants of the small car are at a higher risk of being killed. The study was conducted by the Insurance Institute for Highway Safety. If would appear that simple rules of science are at work here.

 Edmunds predicts May auto sales will be fractionally higher compared to those of a year earlier and 7.5 percent higher than April’s results. It said much depends on sales over the upcoming holiday weekend.  “As long as high inventories continue to drive attractive deals and the economy remains strong, consumers will be in a great position to take advantage of a buyer’s market this summer,” said Executive Director of Industry Analysis Jessica Caldwell.

 Kelley Blue Book also believes sales will be higher this month when compared to April’s results. Generous incentives are expected to have more parties signing on the dotted line.

 More than 300 collector vehicles will be sold at auction in South Dakota as a man reduces the size of his collection. Kerry Droog decided that he could not fix up all of the classic vehicles in his 40 year inventory. So up for bid will go models that range from 1920’s through the 1990’s with names such as Camaro, Belair, Thunderbird, Power Wagon and Galaxy. Bids are being accepted on www.K-BID.com

 The Skip Barber Racing School has filed for Chapter 11 bankruptcy protection in order to restructure its finances.  Once its restructuring is complete, the company will be put up for sale. “There are several parties interested in the Company and conducting the sale in Chapter 11 should help increase the likelihood of a sale. The Company’s strategy is to use Chapter 11 as a tool to get Skip Barber Racing School to a much stronger place,” Barber said on its web site. In the meantime, the school will remain operational.

 Enterprise has announced plans to enter the Vietnam market with its flagship brand as well as National and Alamo rentals.

GM will cut about 50 jobs at its international headquarters in Singapore.

 

 

  

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