Monday, 19 May 2014

As TrueCar IPOs, The Fuelist Launches Classic Car Pricing App ...

As TrueCar IPOs, The Fuelist Launches Classic <b>Car Pricing</b> App <b>...</b>

As TrueCar IPOs, The Fuelist Launches Classic <b>Car Pricing</b> App <b>...</b>

Posted: 18 May 2014 01:42 PM PDT

TrueCar's public offering on Friday showed that investors are willing to back a service bringing price clarity to new car buyers — and the founders of The Fuelist are hoping that same appetite for price clarity will drive demand for their vintage car and motorcycle pricing service.

People spend a lot of money on classic cars worldwide; with one English dentist set to receive a roughly $168 million payout for his collection of 450 classic cars. Roughly $13 billion changes hands between classic car collectors worldwide, according to Fuelist co-founder Thomas Rand-Nash.

According to a recent article in The Economist, the pace of investment in luxury vintage cars is rising faster than any other luxury asset. It's no secret that rich investors are finding new things to speculate on and classic cars seem to be as good a place as any to park a few thousand (or a few million).

The Fuelist offers a way for buyers and sellers to compare pricing for vintage cars worldwide. A user can select from hundreds of different car makers and models to find the sales prices for a particular style of vehicle… or a range of prices for different cars. On Monday, the company will submit a mobile version of its online service through the iPhone app store, according to Rand-Nash.

Even private equity funds are creating strategies to invest in classic cars — and with the advent of an institutional investment community collectors or investors could find that the stock of "cherry" cars could be gone in 60 seconds.

Fuelist has spent the past several months in a private beta for its first 1,000 users, according to Rand-Nash, a serial entrepreneur who previously co-founded the mobile app development company Mobile Genius LLC with his Fuelist partner Matthew Hamilton.

Rand-Nash envisions several revenue streams for The Fuelist. At a basic level the company will be charging subscriptions for access to its business intelligence and analytics around car pricing and the best place to sell a vehicle. For investors or institutions, the company will offer comparable pricing tools so that a user can find a range of different vehicles sellign at a similar price point.

The company is majority owned by the OTC Bulletin Board listed The Chancellor Group, a conglomerate which owns both oil and gas and technology and media properties, according to Rand-Nash.

Photo via Flickr user Trailers of the East Coast

2015 Subaru Legacy <b>Priced</b> From $22,490 - The <b>Car</b> Connection

Posted: 18 May 2014 04:21 AM PDT


2015 Subaru Legacy launch at 2014 Chicago Auto Show

After holding a steady price for the last two model years, the new 2015 Subaru Legacy  is getting a slight price bump to go along with its new look, larger interior and more advanced features. The redesigned 2015 Legacy will start at $22,490 including destination, which is an increase of $1,400 over 2014. Even with that price increase and the fact that it comes standard with all-wheel drive, the 2015 Subaru Legacy will still be priced right in the heart of the mid-size sedan segment – lower than rivals like the Chevrolet Malibu, Toyota Camry and Nissan Altima – when it goes on sale this summer.

The starting price is for the 2015 Legacy 2.5i equipped with the 2.5-liter flat four-cylinder engine that gets EPA-estimated fuel economy of 26 mpg city and 36 mpg highway, and choosing the Partial Zero Emission Vehicles option on this engine adds an extra $300. Stepping up to the $24,290 Legacy 2.5i Premium adds equipment like dual-zone climate control, 10-way power driver's seat, Bluetooth hands-free text messaging and a seven-inch touch screen for the infotainment system. There is also the Legacy 2.5i Limited for $27,290, which upgrades to leather seats, 18-inch wheels, a harman/kardon audio system and heated rear seats.

Opting for the more powerful 3.6-liter flat six-cylinder engine, the Legacy is only available in the 3.6R Limited trim for $30,390. In addition to the 256-hp engine that returns 20 mpg city and 29 mpg highway, it also comes with similar equipment as the 2.5i Limited as well as stainless exhaust tips and HID headlights. There are a handful of options, too, ranging from $1,195 for the Moonroof Package up to $2,990 for a package that adds moonroof, navigation, keyless start and Subaru's EyeSight collision avoidance system.

Stay tuned later this week for our first drive of the 2015 Subaru Legacy.

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