Featured consignments at the Barrett-Jackson Northeast auction on June 20-23 will include this 1953 Buick Skylark in classic Olympic White. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ European sales of small SUVs are expected to surge beyond the segment’s typically strong growth in 2018, according to industry analysts LMC Automotive. More at Automotive News Europe.
+ Ford Motor Co.’s restoration of the Michigan Central Depot will bring 5,000 employees to Detroit’s Corktown neighborhood, says Executive Chairman Bill Ford. More at The Detroit News.
+ After decades of trying, Toyota scored a dominating victory at the 24 Hours of Le Mans with drivers Kazuki Nakajima, Sebastien Buemi, and F1 star Fernando Alonso. More at Racer.
+ Ferrari has unveiled a special Piloti Ferrari version of the 488 Pista that will be available exclusively to customers engaged in the company’s motorsports programs. More at The Drive.
+ The average price of a used car is at a 13-year high, driven by a crush of late-model off-lease vehicles entering the market, according to an Edmunds.com study. More at USA Today
+ The BMW 8 Series Coupe arrives in U.S. dealerships this fall after a 20-year hiatus with 4.4-liter twin-turbo V-8, all-wheel drive, and an M Performance calibration. More at Motor Trend.
+ United Auto Workers Vice President Cindy Estrada, lead negotiator for the General Motors unit since 2014, will move to the Fiat Chrysler Automobiles team. More at the Detroit Free Press.
+ The first Tesla 3 dual-motor Performance model has rolled off the line at the company’s Fremont, California plant, boasting a 0-60 mph time of 3.5 seconds and 310-mile range. More at Autoblog.
+ Noteworthy consignments at Barrett-Jackson’s annual Northeast auction on June 20-23 in Uncasville, Connecticut will include a 1953 Buick Skylark convertible. More at Classic Cars.com Journal.
+ Former Pro Mazda driver Jeff Green, 61, has succumbed to injuries he sustained in a historic Formula 5000 race at Canadian Tire Motorsports Park in Ontario, Canada. More at Motorsport.com.
Review the previous Executive Briefing from June 15 here.
Photo courtesy of Barrett-Jackson.
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$22,000 is a lot of money for an average used car.