Driving costs rise slightly in AAA study
The average cost to own and operate a sedan in the U.S. has gone up 1.96 percent — or 1.17 cents — to 60.8 cents per mile, according to AAA's latest Your Driving Costs study. That adds up to $9,122 per year, based on 15,000 miles of annual driving. The annual cost for a small sedan was found to be $6,967, a medium sedan was $9,151 and a large sedan came to $11,248. The average for a four-wheel-drive SUV was $11,599, and a minivan was $9,795. Costs are based on factors including fuel, repairs, insurance and depreciation.
— NWautos staff
Ferrari, luxury-car sales take off in Japan
Japan is becoming Ferrari's next growth market. Registrations of the ultra-luxury brand jumped 40 percent to 144 vehicles in Japan last quarter, according to the Japan Automobile Importers Association. That's more than twice the pace in the larger U.S. market. Ferrari's not alone in seeing a boom in Japan. Lamborghini sold 199 vehicles last year, the most in at least 14 years, and sales of imported cars worth more than $105,000 have risen two straight years, based on registration data.
— Bloomberg News