MCG Executive Briefing for November 29, 2019

A remarkably original 1948 Tucker with only 6,200 miles on the clock could bring up to $2.25 million at the Gooding & Company Scottsdale sale. Get all the latest to auto industry news in the Executive Briefing. 

 

Today’s Headlines: 

+   U.S. auto sales are expected to rise about 4 percent in November from a year earlier, driven by strong discounts and higher consumer spending, according to J.D. Power. More at The Detroit News. 

+   An index compiled by 24/7 Wall Street identified the 40 cities in the USA with the worst driving conditions, with California cities taking nine of the top 10 places. More at USA Today. 

 Ford confirmed that the Mustang Mach-E has sold out its First Edition model run, with buyers placing a $500 deposit on the list price of approximately $61,000. More at CNET Roadshow.

 All the available seats in Formula 1 are now taken for next season, with Canadian Formula 2 ace Nicolas Natifi moving up to Williams alongside George Russell. More at Racer. 

 The redesigned 2020 Subaru Legacy earned a Top Safety Pick+ rating while the Outback took a Top Safety Pick from the Insurance Institute for Highway Safety (IIHS). More at Autoblog. 

+   The Russian government plans to spend around $78.3 million next year on auto loan subsidies to support stagnating car sales, Russian news agencies reported. More at Automotive News Europe. 

+   Peugeot maker PSA Group is preparing to sell its 50 percent stake in a joint venture with Chinese partner Chongqing Changan Automotive, says a company spokesman. More at Reuters. 

+   Fiat Chrysler Automobiles won a preliminary court ruling in its battle with Indian carmaker Mahindra to stop the sale of the Jeep-like Roxor utility vehicle in the USA. More at The Drive. 

 Tucker no. 1034, regarded by experts as one of the finest remaining examples of the make, will be among the headliners at the Gooding & Company Scottsdale sale. More at Classic Cars.com Journal. 

+   NASCAR assessed heavy penalties against four Monster Cup teams for manipulating their finishing positions in the season finale at Homestead-Miami Speedway. More at Jayski.

Photo copyright and courtesy Gooding & Company. 

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2 thoughts on “MCG Executive Briefing for November 29, 2019

  1. In my opinion, the Mach-E will represent the turning point when electric cars were accepted by the mainstream.

    • Good observation- when the tipping point is reached, sales will cascade. I have an electric bicycle- you still have pedal. It ticks all the boxes. I love cars, always have, but I’m over big wheels and engines.

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