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Good news for classic car enthusiasts looking to get a good return on their vintage motor – European markets are offering a “great return” on investments made before 2008, when the value of the euro was just under  €1.50 to the pound. John Glynn, Older Car Editor at Glass’s, said “cars that might benefit from such a scenario could include anything from a 1980 Ferrari 308 GTB to an early 90s BMW M3 Cabriolet”, according to the Telegraph website.

Car-Salvage.org has reported that the struggling sterling means that “classic car owners are looking to sell vehicles overseas, which will mean buyers are likely to get more money for their motors”. John Glynn has said “a car purchased in Europe three years ago for €22,000 (£14,800), and sold today at the same price it was bought for, would bring in £20,000 – a tidy profit for the vendor of £5,200 after three years”.

A report by Eurotax Glass’s revealed that sellers of good-condition, left-hand drive cars have found that the euro is so strong that it offers us Brits a “great chance to make a killing on a classic”. Classic cars are a great investment tool, if you know the market and you enjoy cars, and with a reputation for being valuable – it’s nice to see you can still get the same pleasure selling your classic as you did buying it.  Read more...

It turns out all those fancy automotive safety devices cannot only help save lives, they can also save cash. According to The Economic Impact of Motor Vehicle Crashes, roughly $230.6 billion was exhausted on motor vehicle crashes in 2000 in the U.S. Nearly 42 thousand people perished that year, and 28 million vehicles were damaged.

The same government report also revealed that 5.3 million individuals suffered non-fatal injuries, 39% of all traffic-related deaths were attributed to alcohol and such substance-induced accidents cost about $51 billion. Public tax revenues, amounting to $21 billion, paid the costs incurred by 9% of crashes. That’s $200 for each household in America.

But wait. There’s more. Lost market productivity was estimated at $61 billion, property damage at $59 billion, medical expenses at $32.6 billion and the cost of travel delays at $25.6 billion. Each fatality produced a discounted lifetime cost of approximately $977,000.

Active and passive safety systems developed by automotive engineers and their colleagues may be a bigger part of the answer than we might suspect. Systems currently being developed are addressing both the monetary and safety concerns of our roadways through devices that have automatic responses to dangerous conditions or events. For instance, adaptive cruise control adjusts the speed of the vehicle to maintain a preset time gap from the vehicle ahead. Active night vision uses infrared illuminators to help drivers to see better when driving at night and electronic stability control improves the safety of a vehicle’s handling, helping the driver maintain control of the vehicle.  Read more...

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