Mercedes Benz

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And it probably won't be beaten for a long time. The Porsche 911 GT2 RS will always be remembered for the astonishing lap time it set at the Nurburgring, which broke the production car record. Recently, however, the GT2 RS claimed another production car lap record, this time at Bend Motorsport Park in South Australia, the world’s second-longest permanent racing circuit behind the Green Hell with a length of 4.78 miles and 35 corners. To be fair, though, it didn’t have a lot of competition because the GT2 RS was the first car to set a production car record at the newly-opened Australian race track. Not that we're downplaying Porsche's achievement, because the record will probably stand for a long time given the car’s potent performance. With experienced racing driver and Motor Magazine performance-car test driver Warren Luff at the wheel, the GT2 RS whipped around the challenging circuit in just 3 minutes and 24.079 seconds. Located in the small town of Tailem Bend in South ...

Guess which model was its best-seller. To say that Porsche is popular in the US is sort of an understatement. Considering it's a luxury and high-performance brand whose cheapest model is a bit over $50,000, Porsche North America probably can’t be much happier with 2017’s total sales results. For this past year, a record number of Porsches were sold in the US and Canada for a grand total of 55,420 vehicles, a 2.1 percent increase over 2016 (54,280). "Demand for four-door and two-door Porsche sports cars allowed PCNA to achieve another annual record in 2017, making it the eighth consecutive year of increased sales," said Klaus Zellmer, President and CEO of PCNA. The Macan and Panamera model lines posted double-digit growth, and we can expect an additional boost with the arrival of our all-new Cayenne in the second half of the year." Porsche 911 sales were also impressive, with just under 9,000 deliveries. This was also the eighth consecutive year of growth for Porsche...

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Guess which model was its best-seller. To say that Porsche is popular in the US is sort of an understatement. Considering it's a luxury and high-performance brand whose cheapest model is a bit over $50,000, Porsche North America probably can’t be much happier with 2017’s total sales results. For this past year, a record number of Porsches were sold in the US and Canada for a grand total of 55,420 vehicles, a 2.1 percent increase over 2016 (54,280). "Demand for four-door and two-door Porsche sports cars allowed PCNA to achieve another annual record in 2017, making it the eighth consecutive year of increased sales," said Klaus Zellmer, President and CEO of PCNA. The Macan and Panamera model lines posted double-digit growth, and we can expect an additional boost with the arrival of our all-new Cayenne in the second half of the year." Porsche 911 sales were also impressive, with just under 9,000 deliveries. This was also the eighth consecutive year of growth for Porsche...

UPDATED: 8/27/18 5:17 pm ET - adds details Joe Girard sold 1,425 vehicles in 1973. Ali Reda says he sold 1,582 last year . But Girard will not lose his title as the world's best car salesman, because Guinness World Records has decided to retire the category rather than settle what has turned into an ugly dispute between Girard, now 89, and Reda, 45. Meanwhile, Girard has sued Reda, claiming the challenge to his record has hurt his reputation as well as his income from book sales and speaking appearances. "Still to this day ... no one has been able to prove [Reda's] record or what he did to even get that record," Girard's wife, Kitty, told Automotive News last week. General Motors backed Reda's figures, but Guinness says there's no longer a way to sufficiently verify the figures, as it did when Girard earned his spot in automotive retailing history. Thus, Girard will be considered a "historic record holder," a Guinness spokeswoman wrote in an emai...

Melinda Zabritski: "Moving forward, lenders will want to keep a close eye on car buyers' payment performance." UPDATED: 8/30/18 4:25 pm ET - corrected Editor's note: An earlier version of this story used an incorrect figure for total auto loans. The total auto loan balance is $1.1 trillion.? Monthly payments for new- and used-vehicle loans hit record highs during the second quarter, but customers are still making their payments on time, Experian said Thursday. Average new-vehicle payments increased 4.0 percent -- or $20 -- year-over-year to $525, while used-vehicle payments rose 3.6 percent -- or $13 -- from the year earlier, to $378, Experian said in its State of the Automotive Finance Market report . Despite record-high monthly payments, 30-day delinquencies for loans and leases dropped to 2.11 percent from 2.2 percent the year earlier. Sixty-day delinquencies improved slightly to 0.64 percent, from 0.67 percent in the second quarter of 2017. Delinquencies "As...

UPDATED: 8/27/18 5:17 pm ET - adds details Joe Girard sold 1,425 vehicles in 1973. Ali Reda says he sold 1,582 last year . But Girard will not lose his title as the world's best car salesman, because Guinness World Records has decided to retire the category rather than settle what has turned into an ugly dispute between Girard, now 89, and Reda, 45. Meanwhile, Girard has sued Reda, claiming the challenge to his record has hurt his reputation as well as his income from book sales and speaking appearances. "Still to this day ... no one has been able to prove [Reda's] record or what he did to even get that record," Girard's wife, Kitty, told Automotive News last week. General Motors backed Reda's figures, but Guinness says there's no longer a way to sufficiently verify the figures, as it did when Girard earned his spot in automotive retailing history. Thus, Girard will be considered a "historic record holder," a Guinness spokeswoman wrote in an emai...