Welcome to Must Read, where we single out the best stories from around the automotive universe and beyond. Today we have reports from Autoweek, The New York Times, and The Truth About Cars.
The Lambrecht Chevrolet sale back in September of this year was billed as a once-in-a-lifetime event, with some 500 cars that Ray and Mildred Lambrecht accumulated in their dealership and on their mechanic's property in Pierce, Neb., finding new homes around the world in that eventful auction weekend.
The Great Los Angeles Auto Show Fire of 1929 — The New York Times
Swell little piece of history from our friend and former Jalop Ben Preston. And obviously this picture isn't of the fire.
Sunday brought about the end of another chapter in the history ofthe Los Angeles Auto Show, an event that, aside from 1940 to 1951, has showed off new cars since 1907. This year in the hallway between the two cavernous rooms glinting with new automobiles, there was a long display about the history of the show, bringing to light a bit of trivia.
A Moment of Appreciation for Depreciation — The Truth About Cars
Buying a new car is stupid. But it's also awesome.
Everybody on the internet knows that buying new cars is just plain stupid. New cars, after all, are just "depreciating hunks of metal." New cars depreciate an average of 20% immediately, and then go down another 15% each year after that, according to sources such as KBB and Edmunds. According to every message board I've ever read, buying a new car will probably cause you to lose your house, get divorced, and be sent to the Chateau d'If for thirteen years.