Buying your dream car gets you a lot closer to reality through a car auction in Minnesota. Because of the quality of cars being sold there, Minnesota car auctions are very popular throughout the United States- some claim that auctioned cars are almost as perfect as brand new cars.

The government of Minnesota is usually behind many of the Minnesota car auctions. Accordingly, the cars are seized by the government itself from those who fail to pay their taxes, or taken by the financial institution from those who could not meet their loan obligations. Thus, these cars are often guaranteed to be in excellent condition and nothing less than that.

Unfazed by the global meltdown, Chinese parts auto parts industry reports record growth. By Bertel Schmitt, CEO Sinamotive Group (HK) Limited.

Despite the global slowdown, the Chinese auto parts industry powers ahead. In the first seven months of 2008, the value of China’s auto-parts exports grew by 34.9% year on year (y/y) to $8.88 billion, China’s Customs Bureau said >.

China exported $ 8.73 billion worth of auto-parts from January to July 2008.

Amazingly, the biggest power behind this export boom were foreign invested companies and joint ventures. They exported $4.56 billion of auto-parts, up 31.6% y/y, amounting to 51.4% of the total.