For the “Back To The Future” fan keen on winning the parking lot at the next confab, DeLorean announced this week that it’ll make “new” cars again in Texas.

Thanks to a change in the small volume manufacturing law, DeLorean Motor Company said it could build around 300 new cars from parts it purchased when the original DeLorean went under.

The Texas outfit said they’ll bin the puny Renault-Volvo V-6 that made 130 horsepower in favor of a crate engine sourced from somewhere that’ll make 300 to 400 horsepower. Electronics, brakes and other drivetrain goodies will be similarly updated on the car, according to Jalopnik.

An Illinois sheriff knows a barn find when he sees one.

According to the Northwest Herald, McHenry County Sheriff’s Deputy Mike Stadler spotted an old parade Chevrolet Caprice with 4,000 miles gathering dust in a shed and decided to bring it back into service.

The 20-year-old, LT1-powered police cruiser — which sports none of the modern police cruiser amenities including USB ports, massive touchscreen or even traction control — was pressed into service when Stadler’s Impala was retired.

“I could see the diamond in the rough,” Stadler told the newspaper. “Your non-car person would look at this thing and think, ‘Why would I want this 20-year-old thing covered in dirt?’ Where I was, ‘I really want to clean this thing up.’”

Hell yes.

General Motors will sell highly coveted lease returns and company cars online starting next month through a program called the Factory Pre-owned Collection.

The program, which we’ve covered briefly, will sell lease returns and company cars through an online portal that makes those cars available nationwide. GM said its inventory would be roughly 30,000 cars, which all have fewer than 37,000 miles and be covered by extended warranties from the factory. Potential owners can apply for credit through the online portal and pick up their cars at a nearby dealer.

So … if GM is selling the cars owned by GM and GM Financial (or related bank) from a nationwide database, which can be financed online, and merely picked up at a nearby dealership, isn’t that just a direct sale?

Stop us if you’ve heard this one before:

Billionaire investor, activist and horse racing enthusiast Carl Icahn bid to buy Pep Boys on Tuesday for just over $1 billion, outpricing Japanese tire giant Bridgestone for the franchise, Bloomberg reported (via Automotive News).

Bridgestone’s refusal to tender a competing offer after its final bid of $947 million for the 800 Pep Boys stores seemingly means that Icahn is the winner — although we’ve been here before.

Icahn offered up to $18.50 per share of the company, of which he already owns 12 percent, which is slightly higher than the company’s stock during trading Wednesday.

Bridgestone will buy Pep Boys for $947 million, shunning a competing bid from investor Carl Icahn, to complete its purchase of the auto parts chain, Bloomberg reported (via Automotive News).

The bidding between Icahn and Bridgestone began in October when the auto parts chain shunned a $800 million price from Icahn to agree to an $835 million bid from the Japanese tire giant. Icahn raised his bid first to $863 million, then up to up to $1 billion for the chain, but Pep Boys ultimately decided the $947 million offer from Bridgestone was a better deal.

The last-minute bid for the chain would create the world’s largest chain of 3,000 stores, including Bridgestone’s Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works stores.

Earlier this week I wrote about how CarMax is heavily constrained by a market that has flip-flopped between six years worth of heavy car sales and about 18 months of resurgent truck and SUV demand. Long story short, CarMax’s acquisition costs for trucks, SUVs and crossovers has gone up considerably, and the supply of this inventory has cratered due to new car dealers keeping the bulk of this inventory for themselves.

Not everybody liked what I wrote. Case in point.

During the last week, much has been written about the “Driven By Disruption” auction Dec. 10 by RM Auction/Sotheby’s.

Most of that reporting was about Janis Joplin’s Porsche, which sold for a mildly outrageous sum of $1.6 million (plus fees), which beat the estimate about 2.5 times. Other top-dollar cars were mentioned as well, especially the first Aston Martin DB4GT Zagato sold in almost a decade, or the Ferrari 290 MM that was driven by the famous Juan Manuel Fangio in the Mille Miglia. Both cars brought even more eye-watering amounts of money – $13 million for the Aston, $25.5 million for the Ferrari. The Aston even set a historical record for the most expensive British car ever sold at auction.

The message is clear: The collector car market is not only alive and well, it’s thriving. Cars sell for ever-higher sums and they are a marvelous investment value. After all, they aren’t making any more classic Ferraris and Astons, are they? So the value can only go up, right?

Billionaire investor Carl Icahn disclosed a 12-percent ownership stake in Pep Boys and said that Auto Plus, a competitor which he owns, should consider buying the retail parts giant, Bloomberg reported.

In October, Bridgestone offered to purchase Pep Boys’ 800 company-owned stores for $835 million to add to its portfolio of 2,200 stores including Tires Plus, Firestone Complete Auto Care, Hibdon Tires Plus and Wheel Works. The acquisition would create the largest chain of automotive service centers, yet many analysts say Bridgestone may be preparing Pep Boys for a potential sale already.

That tender offer from Bridgestone will expire Jan. 4, according to the report.

Porsche announced Friday that it opened its first classic Porsche center in the Netherlands, the first among nearly 100 centers that will sell, service and make money on maintain old sports cars.

The network will eventually include a center (or centers) within North America, according to the automaker.

Porsche says that nearly 70 percent of all the cars that it has made are still on the road, and that its centers would be staffed with specially trained technicians that can identify and work on any problem. (Plus, Singer can’t make all the money on old Porsches.)

I swear someone was cutting onions right next to me just now.

A Utah high school custodian, whose broken-down car left him commuting two hours each way to work, was surprised by a mechanic who purchased and fixed a car for him with money collected from crowd funding.

Sean Merrill, who owns Nobori Auto near Salt Lake City, along with his wife, picked up Robert Ford last month when he was walking home late one night. Ford told the couple about his hardship and his commute, and Merrill said he was compelled to help.

Or is it a 1991?

We could pore over the details of a Toyota pickup festooned with more weed than the University of Colorado Boulder campus, or we could just admire the grapes on “Mike” for selling his truck “not used for much than errands” with that kind of photo in Washington on Craigslist.

What would you say your business is, Mike?

As Volkswagen works to make amends with customers and the public, TDI owners ready to give up their illegally polluting cars are hearing conflicting messages from some Volkswagen dealers who are either unwilling to or begrudgingly taking in those cars on trade.

A TDI owner said when he took his car into Flow Motors Volkswagen in North Carolina last month the dealership told him it wouldn’t initially accept his vehicle for trade. The dealer originally had asked if the owner had found a willing dealership to take his car.

“ … Let me know as I have a couple of other diesel owners I will send if things worked out for you,” the dealer wrote in an email after they turned down the man’s diesel car.

“To say I’m irritated is an understatement,” the TDI owner wrote.

According to Kelley Blue Book, auction prices for Volkswagen’s diesels cars are dropping faster than similar models that are powered by gasoline.

According to auction data gathered before and after news broke that Volkswagen had admitted to federal investigators that their cars illegally polluted, prices for Volkswagen diesel cars dropped 16 percent. Prices for Volkswagen gasoline cars only dipped 2.9 percent over the same period.

According to the car industry site, interest on the Volkswagen diesel models has only declined 2.4 percent.

Nearly 30 percent of buyers who purchase a Honda CR-V, Toyota RAV4 or Prius car will keep that car for more than 10 years, according to data from iSeeCars.com.

Data from 400,000 car purchases was analyzed for the poll, according to the study group. The industry average for owners keeping their cars 10 years or longer was 13.5 percent.

Of those top 15 vehicles whose buyers keep them longer than a decade, nine of them were Toyotas; 5 were made by Honda. The Honda CR-V was tops at 28.6 percent of buyers who kept that car for 10 years or more.

In all reality, Volkswagen probably won’t pay $37,500 for each car that cheated its way through U.S. emissions standards, but the German automaker will probably pay thousands for each car to fit a device that would clean up their acts.

The presumed fix would come by retrofitting a Selective Catalytic Reduction (Adblue or urea) system although that wouldn’t be the only fix necessary. Researchers discovered that the Passat TDI that they tested, fitted with the SCR system, was 5 to 20 times over the NO limit — less than the 10 to 40 times by the lean NO filter cars, but still illegal.

The long list of items needed to fit models of the Volkswagen Golf, Jetta, Beetle and Audi A3 doesn’t include the engineering needed to retrofit the cars and the costs to crash test the models after the significant modifications. That’ll add hundreds of millions to the bottom line.

Millennials. Who knows what they’re thinking? Well, maybe GM and Dodge did … in the early and mid-2000s.

According to Edmunds, the 18-34 age group of used car buyers are flocking to some discontinued metal including the Dodge Magnum, Chrysler Pacifica, Pontiac Aztek, Chevrolet Trailblazer and Saturn Outlook.

But, why would they be buying models that were so derided or unpopular when new?

Chevrolet finished work restoring its 1,000,000th Corvette after it was damaged in a Kentucky sinkhole that swallowed it — and other Corvettes — at the National Corvette Museum in Bowling Green, Kentucky, the automaker announced.

The celebratory 1992 Corvette had signatures on every part from auto workers at its Bowling Green, Kentucky plant. The restoration project included getting those signatures on refurbished parts, and on the two parts that couldn’t be saved, scanning and replicating the signatures.

The entire process took more than four months, and more than 1,200 man-hours to complete, according to Chevrolet. That works out to about two full-time employees working 40 hours a week, but it’s still very cool.

The details get better.

Matt Gephardt and KUTV in Salt Lake City have a good story about a Utah man who was hit by a state vehicle and its insurance company — which is the state itself — shortchanged him on his 1985 Mercedes-Benz SL Convertible.

The car was totaled, and the state offered to pay $8,000 for the car. Tyler Winger, who said he restored the car with his grandfather, said the car was worth $12,000 to $13,000. ( He’s not completely wrong.)

Winger said the state told him that they wouldn’t budge and that he couldn’t complain to the state’s insurance oversight board since that board doesn’t have oversight over the state’s self-insurance company.

Automakers could sell more than 17 million new cars and trucks in the U.S. this year, approaching the sales record set in 2000 of 17.4 million, Automotive News is reporting.

Analysts raised their forecasts after a strong July for automakers and new cars that will be reaching showrooms in high-selling segments by the end of the year. Last month was the 18th consecutive month for increasing sales.

Our own Timothy Cain thinks that regardless of the final number, 2015 will be a very, very, very good year for automakers.

A Tampa-area man knows how to sell his 1993 Corvette like a boss — with girls and guns and stuff. Our own Chris Tonn is talking about the car in the forums.

This Craigslist entry doesn’t detail the 1993 Chevrolet Corvette “Show Car” all that much, but it does make up for the lack of specifics with an abundance of “experience.”

Like aforementioned chicks and trophies and guns.

(H/T to Murilee Martin who should be scored on the official’s sheet with an assist.)

Chinese luxury car dealer Yongda and giant online retailer Alibaba are offering the next logical step in online car buying for luxury car buyers: point-and-click car buying.

The South China Morning Post is reporting that Yongda, which has more than 200 high-end car dealerships in China, will make available its cars on the shopping site for browsers to point, click, pay and drive away from a dealership.

Seems like a good idea for ultra-luxury cars.

Fiat Chrysler Automobile dealers won’t be able to sell cars without recall repair work or they risk losing their incentive money under a new agreement with the federal government, Automotive News is reporting.

The agreement was part of the sweeping package penalties imposed by the National Highway Traffic Safety Administration, including up to $105 million in fines. According to the consent agreement by the federal bureau and FCA, the company already asks dealers to complete recall work, but the new mandate would reinforce that existing policy.

In the United States, it’s illegal for a dealer to sell a new car without recall repair work, but no such law exists for used cars. A recent proposal in Congress to force used car dealers to complete open recall repair work was met with opposition.

Hat tip to reader Alexander who sent us a link to a comprehensive 1991 BMW 325ic’s service history offered up on eBay because someone just probably wants them for the “novelty.”

The items reportedly include purchase paperwork and dealer maintenance records for an Alpine White, automatic convertible built around April 1991. Paperwork from Hawaii, Washington and California is included in the mildly suspicious auction lot listed with a Washington location.

“I want to frame those oil change receipts and hang them on my walls,” said nobody browsing this eBay listing.

The last car the King of Cool custom-ordered will be up for sale next month in Monterey, California.

Mecum Auctions (via Autoblog) details the 1976 Porsche 930 Turbo Carrera (sold here with the internal type number — 930 — in its name) that McQueen ordered shortly before he died. The 3.0-liter, air-cooled turbo 911 will be sold for charity, with proceeds going to Boys Republic, a nonprofit school for at-risk teenagers in Chino Hills, California.

According to Mecum, the car was fitted with a switch to kill the rear lights if McQueen was being chased down Mulholland. That’s so cool.

Two proposals for reforms to how the U.S. handles safety recalls and penalizes automakers are winding through a Senate committee.

A proposal backed by three Senate Democrats would make automakers include a recall warning light in the dashboard of new cars to notify owners of a safety recall and lift the cap on delayed recall fines and more. A less-aggressive proposal put forward by Republicans would require dealers to notify owners if their cars have been recalled, something most automakers already do but aren’t required by law.

The National Highway Traffic Safety Administration estimates that 25 percent of recalls are never completed.

Volvo announced today it will warranty any replaced part and labor, not including wear-and-tear items and accessories, for the life of the car. The coverage extends only to service at dealerships.

Volvo owners will pay for the initial replacement parts and labor on vehicles with expired warranties, but Volvo will pay for any additional service on that part for as long as the owner has the car. The parts warranty covers all models from all years and will be honored at all North American Volvo dealerships, according to the automaker.

Dubbed the “ most famous Ferrari known to exist” by Mecum Auctions, the white “Miami Vice” Testarossa will hit the auction block August 13-15 in Monterey, California.

The amazingly entertaining history behind the car includes details about the Testarossa, which was repainted white, and its life after the hit ’80s show.

With just over 16,000 miles on the clock and a recent $8,000 engine-out service, a piece of American television history can be yours (probably for a lot of money).

The National Automobile Dealers Association new electric vehicle retention list released last week has a tasty little tidbit in its roundup of value retention rates.

Tesla’s Model S, which topped the 3-year value retention rate list for EVs in the new list, also sported a better value rate for most cars on a similar list released last year for all segments, including mid-size luxury cars. That includes BMW.

But the news may not be all good, all the time.

Shopping for a used PHEV or EV in Colorado? You still may be able to take a tax credit, thanks to the state’s structuring of its EV purchase tax credit.

Movie director John Landis is probably best known for his 1978 comedy classic Animal House. I am such a fan of it that I recently made a pilgrimage to the Dexter Lake Club, the Oregon roadhouse used in the film where the frat boys partied during their road trip in a black suicide-door 1964 Lincoln Continental. (“Do you mind if we dance wif yo dates?”)

To folks in the retail automobile business Landis is better known for his lesser-known 2004 Independent Film Channel documentary Slasher, a movie that represents the most authentic cinematic depiction ever about selling cars.

In a hurry to trade your new Buick Regal for something else? You’re not alone, as the sedan joins a handful of models traded-in after a year of ownership.

A proposed bill in California aimed at closing a loophole in federal recall law is being rushed through the legislative process. Consumers Union, the parent of Consumer Reports, is not happy about it. Neither are automakers.

The last time I saw this car it lay bare and gutted in front of me. The seats had been pulled out, the dash taken apart and wires dangling. The carpets were in the process of being removed. All of this in an effort to find the source of an infestation that had plagued it.

After I purchased my S2000 and was about to drive off the lot, my salesperson regaled me with stories about the Honda’s previous owners – an elderly couple who loved the sports car, called it their “baby,” but traded it for a Mercedes-Benz E350 Coupe because they wanted more room. None of this history was noted in their website or internet ads for the S2000, but why wasn’t it?

It turns out that most franchised dealer’s new and pre-owned vehicle ads on AutoTrader and cars.com as well as their own websites do not tell such stories because they are composed by automated services. The fun part is that dealers sometimes never proofread them, like in the example above showcasing the ultimate in Additional Dealer Markup. Even better is when dealers try to write the ads themselves. Let’s take a look.

The same subprime lending practices in the mortgage industry that fueled the run-up toward the Great Recession have found a new market to infect: used-car auto lending.

Honda and General Motors dealers beware: If you’re not strictly adhering to the rules laid out by the certified pre-owned overlords, you might find yourself suspended until conditions improve.

Shopping for a used vehicle in New York City? Thanks to city officials, the used car you buy will likely be a bit safer, as all 800 used dealerships must fix recalled vehicles prior to purchase, as well as fix those sold after the fact.

I was doing some legwork on a Reader’s Ride sort of thing that I’m hoping I’ll get to do with a Porsche 968. Time hasn’t treated the four cylinder front engined Porsches quite as well as it has the 928, and that, too, is kind of dismissed by Dr. P’s acolytes of the rear engined faith. You can buy a 968, the ultimate development of the 944 and a very nicely performing, exceptionally handling car, for less than a new Yaris or Versa will cost you and you can get a decent runner 944 for just a few thousand dollars. As for the 924, like the 914, it’s considered eine halbe Porsche.

As more consumers trade-in their old vehicles for a newer model, a growing number of consumers are owing more on their trade-in than their vehicle’s actual worth.

New-vehicle sales are on the rise due not only to demand originally held back by the Great Recession, but by consumers coming off of their leases for their next latest and greatest.

A combination of income tax refunds issued in January and February with accessible financing have boosted used-car prices overall in the first two months of 2014.

The best part about working at TTAC has very little to do with the constant press car access, the barely-disguised graft known as “new car launches” or having various varieties of invective spewed at you by tens of readers each day. No, the real fringe benefit is that you are paid to spend a fair amount of your waking hours reading and researching about cars, and that includes browsing the online classifieds for strange and obscure cars.

Younger buyers and subprime consumers are expected to drive auto sales in 2014, though some banks are already stepping off the accelerator with auto loans due to heavier competition and a desire to protect their margins.

In 2013, 3.2 million new cars and light trucks were leased in the U.S., an almost threefold increase from 2009. The 2014 Manheim Used Car Report, produced by one of the larger used vehicle auction companies, says that the auto industry will have to change the way it remarkets cars if it is going to successfully handle the increased volume of off-lease vehicles.

According to Automotive News, the Manheim report also warns that dealers who take in off-lease vehicles on behalf of lessors (so called ‘grounding’ dealers, “will not be willing or able to acquire the same large share of off-lease units that they have in recent years.”

Best known for underwriting public radio programming such as “All Things Considered” and “Marketplace,” Ally Financial — formerly known as GMAC until the subprime market collapse kicked off the Great Recession — has decided to go for the gold in the used car and leasing markets, citing “irrational” pricing found in the superprime mortgage loan sector for its move from the latter toward the former.

Ah, the good old days. A time when smartphones were just PDA’s with hormone imbalances.

A time of basic cell phones, brick-thick cameras, and camcorders barely big enough to require a hand strap.

I remember all this old tech like it was yesterday, and for one simple reason: I still used all of them until recently.

I’ve written before for “New or Used?” regarding my ’04 Scion xB 5MT that I (mistakenly) ended up trading in towards my family’s 2013 Outback 3.6R last year. Since then I’ve been driving my wife’s ’06 Accord EX-L V6, now at 105k. It’s a nice enough car to drive, but was never “my” car, if you know what I mean (and I’m sure you do).

It’s amazing what having a ton of cash can buy you these days. For example, if you have a tween daughter with big dreams to be on stage singing about her favorite Asian foods, up to $4,000 can buy her a music video featuring a clown in a panda costume, plus the music and lyrics.

That said, why allow your daughter to become the next big viral sensation (for all the wrong reasons), when for the right price, you can buy a wrecked 1995 Ferrari F50?

If you accept the idea that a car can have two personalities, then you can be cheered by the fact that your Honda S2000 will always have a garage mate. Cruise conservatively and you may as well be driving a Miata, albeit the world’s roughest riding and loudest MX-5. Find a twisty back road and wind the overachieving 4-banger to 6,000 rpm when the Flux Capacitor kicks in and you are hanging onto a snarling, world-class sports car.

We are reviewing the bone-stock 2008 S2000 that I bought in June, now with 28,500 miles on its clock. Mine is an “AP2” model, essentially the second generation version which was sold between 2004 and 2009. It differs from the original 2000 to 2003 “AP1” model due to its larger engine with its redline lowered to “only” 8,000 rpm, more low-end torque and suspension tweaks making the car less tail-happy. (Hondas claims over 2,000 improvements were made in the AP2. Why does every car company use that same number when they upgrade a model?) Traction control was also added in 2006.

Every other review of the lightweight 237 horsepower two-seater can be summed up in one sentence: “The S2000 has the greatest gearbox ever, boasts precise handling and an ultra-high revving VTEC motor, has a cramped interior and a terrible ride, is Honda-reliable, and ‘I want one NOW!'” Suffice it to say that you are already aware of all that. Let’s talk about some things you don’t know about owning the little Honda.

Bad news on the subprime front, as credit rating agency Experian reports a rise in delinquencies and repossessions for auto loans in Q1 2013.

Melinda Zabritski offered a rather dubious explanation for the nearly 17 percent rise in repos (as well as the 1.3 percent uptick in 30 day delinquencies and 12.4 percent rise in 60-day delinquencies)

A car bought in 1956 for $15,000 is expected to sell for between $1.5 million and $2 million when it goes on auction in November. It is expected to be the star of Sotheby’s first significant auction of collector cars in more than a decade, where some 35 prewar French cars, postwar American and European sports cars, as well as American and European classics will vie for the attention and wallets of affluent car nuts.

This essay on Delicious Tacos, about the life and death of an $800 Mercedes-Benz diesel sedan, drove home one of the unfortunate realities of living in a snowy climate: it’s nearly impossible to find anything for $800 that hasn’t been completely consumed by oxidization.

“I wouldn’t buy a car at an auction. They’re all junk!”

Bad transmissions. Blown engines. Cars that smoke, drink and hang out with the bad boys thanks to all different types of leaks and spewage. This is the general stereotype that most uninformed consumers have of those cars at an auction.

Most folks look at auction cars as vehicles that are worth more dead than alive. Every malady and defect is assigned to these ‘red light’ vehicles that are sold as/is with no warranty.

But do you know what is the #1 issue of those auctioned off trade-ins here in the Atlanta area?

Miata. E30. Panther. Is it time to add another nameplate to the Used Car Hall of Fame? Because the 2012+ Chevrolet Impala looks like a sure-fire winner to me.

I recently read an article that said a growing number of young Americans would rather have a smartphone than a car. Half of American teenagers prefer web access to car access, said the article, and communicating via text, e-mail or social media is taking the place of actually driving somewhere to spend time with someone. You know – in person.

This is, of course, because times are changing. Years ago, turning 16 meant inheriting a dead relative’s full-size sedan with V8 power, rear-wheel drive, and no traction control. Gas was eleven cents a gallon. It was practically an invitation to hoon. But today, turning 16 means spending thousands just to get saddled with a four-cylinder economy car that has annoying features like airbags and disc brakes. No wonder teens don’t want cars: their smartphones are probably faster. And less expensive.

Or are they?

As expected, Ford is closing an UK plant. Unexpectedly, Ford is closing another one right with it, bringing EU plant closings to three in two days. Ford is closing its Ford Transit plant in Southampton, and it is closing the stamping plant in Dagenham with it, says Automobilwoche [sub].

When it comes to buying a used car there are two basic negotiating mindsets. You can either be fair and decent or unfair and obnoxious. If you seek to chisel and deceive then chances are you will get a bad car. Only the desperate and deceitful are willing to put up with that type of BS.

Want a ‘great’ car? Then realize that many sellers respond extremely well to honesty and decency. Win – win is no sin. So, karma lovers, here’s some tips for negotiating the purchase of a used car by observing the Golden Rule.

The sink itself is a recycled oil sump

Israeli artist Ronen Wasserman turned recycling into an art form. Literally. For the Ronmen TinMan design studio, Wasserman creates on-off furniture pieces from recycled car parts. Says TinMan in its mission statement:

Pretty soon, car salesmen will chase wreckers with the same fervor as lawyers chase ambulances. Finding a dead car might be their only chance to sell a new one. At least if a survey of nearly 4,000 car owners by AutoMD.com is right. Three in four respondents agreed that buying a vehicle every two to three years is a thing of the past, and 78 percent now say that 10+ years (or until it dies) is the appropriate vehicle lifespan. Is that how you think?

“Hey Sajeev, it’s Mark. We’re up in Tomball looking at a ’95 Bronco. We could use some advice.”

Without sarcasm, a laugh, or any explanation, Sajeev replied with one word, “Run.”