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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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.