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March 4, 2012

Auto Briefs

Most, least expensive autos to insure; February car sales up

toyota_Sienna_604.jpg

Toyota minivan found cheapest to insure
Insure.com has released its 2012 model-year rankings of the most and least expensive vehicles to insure. The least expensive was the four-cylinder Toyota Sienna LE minivan, while the Audi R8 Spyder Quattro convertible costs the most to cover. More of the rankings:
Least expensive (with national annual average rate):
1. Toyota Sienna LE ($1,111) (shown)
2. Toyota Sienna ($1,114)
3. Jeep Patriot Sport ($1,116)
4. Jeep Compass Sport ($1,118)
5. GMC Sierra K1500 Regular Cab ($1,121)
Most expensive:
1. Audi R8 Spyder Quattro Convertible ($3,384)
2. Mercedes CL600 Coupe ($3,307)
3. Mercedes S600 ($2,948)
4. Audi R8 4.2 Quattro Coupe ($2,903)
5. Porsche Panamera Turbo ($2,738)
NWautos staff


Automakers see big sales in February
February was one of the strongest sales months in years for automakers. Automotive research firm Edmunds.com estimates that almost 1.1 million cars and trucks were sold last month in the United States. That would translate into a seasonally adjusted annualized selling rate of 14.4 million units — almost 20 percent higher than January's rate and nearly 6 percent higher than a year ago. That would be the strongest selling rate in nearly four years. TrueCar.com is projecting even stronger gains in February. Chrysler and Ford are expected to be big winners, with sales up an estimated 27.2 percent and 13.6 percent, respectively.
The Detroit News


GM, Peugeot alliance details announced
General Motors and France's PSA Peugeot Citroen, both struggling in Europe, have revealed the details of a strategic alliance that will see the U.S. auto giant take a small stake in Europe's No. 2 carmaker. The companies said in a joint statement that their plans to share vehicle platforms and pool the purchasing of components and services will save them $2 billion a year within five years, split roughly equally. GM intends to take a 7 percent stake in the French automaker via a $1 billion capital increase.
The Associated Press

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