May 23, 2013 |
About 1 million customers of the Automobile Club of Southern California will get an average $65 reduction in their annual car insurance bills, the auto club and the state Insurance Department announced. The total rate cut for all motorists came to $70 million, or 4.1%, for policies that start or renew after July 1. It was the fourth such reduction in the last nine years that collectively saved policyholders more than $380 million, Auto Club Chief Executive Robert T. Bouttier said Wednesday.
April 20, 2013 |
The gig: Jared Rowe is president of auto information company Kelley Blue Book. The Irvine company has been providing new car pricing, used car values, reviews and other data for 87 years. Once just a modest blue publication, now the company also operates a website that gets about 560,000 visitors a day. The subsidiary of AutoTrader.com employs about 400 people, most in California. Embrace what you love: "I always had an interest in cars when I was growing up. I had a 1968 Mustang that my father and I restored.
November 16, 2012 |
NEW YORK - Eric Gsellmeier's shortest commute home this week began in downtown Manhattan at 4:30 p.m. and ended two hours and 20 minutes later in his three-bedroom Colonial home in Westwood, N.J., 27 miles to the north. It included a rattling subway ride, a 30-minute wait in an unmoving line in the Port Authority Bus Terminal and a halting, hourlong bus ride in the dark, where commuters squeezed up and down the aisles, some standing with hands pressed against overhead compartments for stability.
October 3, 2012 |
Here's an example of just how hot the collector car market has become this year. Santa Monica auction house Gooding & Co. has completed its 2012 auction season and reported sales of $189.6 million, an average of $640,635 for each of the 296 cars sold. The total is 44% higher than last year's results, which also included 296 cars. The auction house said the increase demonstrates the rising demand for collector cars as well as the selection of coveted vehicles compiled by Gooding this year.
May 15, 2012 |
Thomas V. McKernan, chief executive of the Automobile Club of Southern California, has retired after serving 46 years with the organization, including 21 in the top post. He was succeeded by Robert Bouttier, who previously was the club's president and chief operating officer. McKernan started out as a customer service representative in the Pasadena branch in 1966 and worked his way up the corporate ladder, serving as a computer programmer and chief financial officer before his appointment as CEO in 1991.
April 11, 2012 |
If you are planning to sell or trade in a used car, the next couple of months might be the most optimum time. Prices of late-model used cars are expected to peak for the year over the next six weeks or so, according to analysts at the National Automobile Dealers Assn. Used Car Guide. That's because auto dealers are trying to stock up on their used-car inventory for the busy spring and summer seasons and there is a shortage of good used cars, an echo effect of the recession.