Nürburgring for sale, you can have if for 125 million Euros.

Every car enthusiast out there will know the Nürburgring Nordschleife as one of the main locations where auto manufacturers go and test their cars, but unfortunately it is also known for their deep financial problems. The company that manages the track has a debt of approximately 385 million Euros ($500.000.000 or £330.000.000).

So it is with no surprise that Jens Lieser, the state-appointed liquidator, recently revealed the track and all the infrastructures, including restaurants, hotels, amusement rides and everything else that belongs to the Nürburgring, were for sale.

The price? The whole thing costs a measly 125 million Euros ($162 million or £107 million). But if you want you can buy only parts of the Nürburgring, like the hotels, restaurants, museum, or anything else that is up for sale.

For now now there are about 5 to 10 buyers interested in the track, but this might mean the end for the famous race track. The new owners will, of course, want to make it profitable so they might make the track a more exclusive place, meaning many of the races that took place there will stop to exist, less time for tourist to race their cars there, and what else they can think of. We will have to wait and see.

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Short News: Best selling vehicles in the U.S.A.

2012 is already over so all car brands made ​​their final accounts to find out how many cars each one sold and we can now conclude that for the third year in a row the number of vehicles sold increased. So what was the best selling model? Find out below.

The top three sellers in 2012 are the same from 2011, but the Ford Fusion and Chevrolet Cruze are gone from the 2012 list.

1. Ford F-Series with 645.316, a 10.3 percent increase over 2011
2. Chevrolet Silverado with 418.312, a 0.8 percent increase over 2011
3. Toyota Camry with 404.886, a 31.2 percent increase over 2011
4. Honda Accord with 331.872, a 40.8 percent increase over 2011
5. Honda Civic with 317.909, a 43.7 percent increase over 2011
6. Nissan Altima with 302.934, a 12.6 percent increase over 2011
7. Ram Pickup with 293.363, a 19.9 percent increase over 2011
8. Toyota Corolla with 290.947, a 21.1 percent increase over 2011
9. Honda CR-V with 281.652, a 29.0 percent increase over 2011
10. Ford Escape with 261.008, a 2.6 percent increase over 2011

Source: kickingtires

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Porsche exceeds the number of cars sold last year

We all know the economy is bad, and it is not the best time for great expense, but to save money, yet Porsche doesn't seem to suffer from that.

From January to November 2012 Porsche sold 128.978 new vehicles, which is more than what was sold in the entire year of 2011, 118.868 cars. So of course the Volkswagen group is happy.

“Our current product initiative has continuously improved the attractiveness of the Porsche brand in 2012,”

“The fact that we have already surpassed the previous year's result in November is no reason for us to rest on our laurels. On the contrary, it is an incentive to deliver maximum performance in the next year – in spite of continued uncertainty in the marketplace.”

Said Bernhard Maier, Member of the Executive Board Sales and Marketing of Porsche AG.

Both the North American market as the Chinese saw the Porsche sales increase more than 71 and 63%, respectively, compared with 2011, with the Boxter and the 911 Carrera sales the main responsible for this increase.

Source: Porsche

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European car sales drop to 1986 levels

The European car market keeps dropping month after month to levels last seen nearly 20 years ago. The distrust in the future and in the austerity policies wreak havoc in the car markets, specially in the Mediterranean countries that are more harassed by the recessionary measures implemented, and the month of October is no exception.

Industry data published today showed that French vehicle registrations fell 7,8 percent to 162.411 registered vehicles last month, in Spain registrations dropped by 21,7 percent to 44.873, but the German market saw a 0,5 percent rise in sales that is easily explained with the two extra working days recorded. If we had accounted for the last two months Germany had a decline of 5,4 percent.

"Currently there is no early indicator or other hard data pointing to an improvement in the next few months," said Ulrich Winzen, chief forecaster in Germany for auto industry consultant R.L. Polk.

It is expected the number of cars sold this year won't pass the 12 million mark, which is a record low since 1986, with the exception of 1993. Winzen still seems to be optimist saying that "Economists tend to underestimate not only recessions but also recoveries, and if we no longer wake up wondering what terrible news about the euro zone awaits us, then there is significant pent-up demand just waiting to be released once things quiet down".

Source: Autonews

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