Tag Archives: Ferrari

classic cars as daily drivers

Can Classic Cars Be Daily Drivers?

Whether it’s something as formidable as a 1960s Ferrari or something as fun as an original Fiat 500, jumping behind the wheel of a classic car can turn any journey into a special event, even the daily commute. But should you give in to temptation and be the owner of the coolest daily drive on the road, or should you leave it in storage for anything other than special occasions?

For James Cottingham, acquisitions director for Ferrari specialists DK Engineering, the answer is simple, resist the temptation at all costs.

“If money were no object and you really had no care in the world, there wouldn’t be anything stopping you from using a classic Ferrari as a daily driver,” he says.

And his response isn’t simply born out of the fact that his company maintains and stores some of the most valuable 1950s and 1960s cars ever made.

“There are certain Ferraris that are more suited than others to regular use but classic cars are meant to be enjoyable,” he explains “And if you were to use one every day you would soon lose the enjoyment.”

classic cars as daily drivers

There may be plenty of E-Types on the market but that’s because owners haven’t driven them on a daily basis

The overwhelming majority of cars, not just those from Maranello, built between 1950 and 1980 were built in a period where reliability was a dream, not a reality and where construction techniques meant that vehicles were prone to rust and rot.

“All of the cavities and exposed metal under older cars is what killed them” says Jaguar’s Tony O’Keeffe. “They allowed salt from the road and water to get inside and stay inside, meaning that they corrode from the inside out.”

Even those owners knowing that they might have a future classic on their hands too often made the mistake of taking a car out, getting it wet then parking it up and leaving it for weeks before taking it out again, but in the process allowing rust to start forming.

classic cars as daily driver

Any Porsche from the mid-80s onwards can be driven as an everyday car

California or bust?

This corrosion issue is why California has become one of the world’s most popular hunting grounds for European classic cars of the 50s, 60s and 70s. That regular sun might bleach paint but it also ensures that even classic English sportscars and Lancias remain rust-free.

But for those that still like the idea of having something a little bit different and a little bit fun as their runaround, you can go German. Over 70% of all cars ever built by Porsche are still on the road and often in daily use.

Or for those with a smaller budget, O’Keeffe suggests looking to the late 80s and 90s. For instance the first Jaguar XJ sedans (the X300 series), built under Ford’s watchful eye from 1994-97, are reliable, comfortable, have great leather and walnut trim and can cope with inclement conditions and they won’t break the bank with good examples costing as little as $1,000.

But as for undertaking the daily commute in a Ferrari 250GT California Spider or a Series I E-Type Jaguar? “If there’s salt on the road, would you really take out your classic car? I’d say that with their hand on their heart, most classic owners would say “no” because they want to keep them for as long as possible,” answers O’Keeffe.

classic cars as daily drivers

The Jaguar XJ Sedan X300 series from 1994–97 could be a great classic commuter compromise

DK Engineering guide to collecting classic cars

Guide: Starting a Classic Car Collection

Concours season gets us thinking about the logistics of collecting classic cars. How does one even start a car collection? However large your watch, jewelry, wine or indeed art collection, none of these seems quite as staggering as buying, storing and caring for multiple classic cars. Most people struggle with just a few regular cars, truth be told.

Then again, most people can only dream of owning a classic Ferrari or Lamborghini but for those special few that have pockets deep enough to put together multi-model collections, there are companies like DK Engineering who are dedicated to taking care of every aspect of classic car ownership; from tracking down the rarest of models to preparing them for vintage racing and shipping them to a Concours d’Elegance.

James Cottingham is talking about classic car collections and how to start one. “[It] can be really good fun. There are a number of themes you can choose – 1980s supercars, Ferrari F Cars or a Porsche collection – and there’s nothing stopping someone buying 10 cars and realizing that three don’t fit the theme and selling them on and buying three more,” says DK Engineering’s acquisitions consultant.

DK Engineering guide to collecting classic cars

DK Engineering maintains and stores some of the most valuable classic car collections.

Founded by James’ parents in 1977, DK Engineering can care for any classic car but is first and foremost a world-renowned Ferrari specialist that offers everything from concours-level restoration to race preparation. They can even swap out original engines and running gear for replicas so that owners can use their cars on a regular basis without harming resale values. “We are probably the only people in the world who specialize in every aspect of Ferrari,” he explains.

And when James isn’t helping clients find the un-findable, he’s advising them on how to construct garages of their own to store and display their collections if they don’t want his company to look after it full time. “Yeah, it’s the sort of project that I will often get involved with,” he says.

And as someone who has lived and breathed classic cars all his life, Cottingham is well placed to explain why interest in classics and the prices being paid for old Ferraris, Porsches and Mercedes is reaching astronomical levels.

DK Engineering guide to collecting classic cars

The company covers every aspect of classic car ownership from restoration to race preparation.

A hobby that pays off

“People are beginning to realize that it’s a hobby that can also be an investment,” he says. “It’s an asset that they can own, have, look at and enjoy at the weekends and the market is worldwide.”

Hence his comments about “simply” selling on classics that don’t suit a collector’s collection. The demand is so great that swapping one vintage vehicle for another should be as easy as taking an item of clothing back to a shop.

But, classic car ownership should be about an entirely different type of appreciation. “When you’re buying one of these cars it’s first and foremost about enjoyment and appreciation,” begins Cottingham. It has to be something that you like, that you want. In terms of the investment potential that’s not even a secondary item. Many of my customers tell me it’s ‘man math’. This is where the ‘man math’ comes in as a way of justifying it to yourself,” he says.

So, with so many amazing marques out there how would one go about deciding on a first classic? “Come and see a company like us simply because we have such a huge number of cars in storage,” says Cottingham. “You could spend half a day with us and see so many wonderful cars that something would definitely catch your eye. Just don’t buy something for the sake of it. This industry has to stay passion-based.”

DK Engineering guide to collecting classic cars

The company has so many classics in storage that it’s a great place to come and get inspired.

Ferrari: Ultimate Collectible Cars?

Of the 10 most expensive cars ever to fall under the auctioneer’s hammer, nine are Ferraris. In fact, cars carrying the prancing horse badge make up 22 of the top 30. For comparison, the best Aston Martin can manage is a DB4 GT Zagato in 16th place, while there is not a single Lamborghini in the current top 100. But why does Ferrari create such a frenzy, leading us to return to the theme again and again (for those interested, we sum up the desirability of Ferraris in our auction reports of 2015 vs 2016 story)? “They are the longest standing and most consistent racing manufacturer,” says James Cottingham. “I’m not surprised at how important the Ferrari brand has become in the classic car market.”

Cottingham is acquisition consultant for DK Engineering, a British company that has been restoring, race preparing, buying, selling, storing and helping clients build Ferrari collections since 1977. Within the classic car market, aesthetics and awards are important, but a big driver is sporting prowess and in particular Formula One – a sport that Ferrari has dominated more than any other marque. “They’re always at the forefront of supercar and sportscar technology in every era,” explains Cottingham. “As a result, it has definitely become the brand to follow.”

Aston Martin 1960 DB4GT Zagato

Aston Martin 1960 DB4GT Zagato

But if racing pedigree equals desirability, what about Porsche? “Porsche has a huge following but they’ve been mass produced and this lack of rarity diminishes value,” says Cottingham. “However, what is interesting is how much the collectability of the Porsche brand has grown in recent years as a direct result of Porsche’s return to Le Mans. It has really added to the brand.”

In its 103-year history, Aston Martin has only ever produced 700,000 cars and it has won Le Mans so why aren’t people going as crazy for Bond’s carmaker of choice? Cottingham points to initial quality. “If you restore a 1960s Aston, very little of the original car is left when the restoration is over,” he explains.

While auction prices are starting to cool, interest in Ferraris isn’t. Classic car valuations and insurance company Hagerty has noticed that younger consumers are moving into the market. As a result, the value of Aston Martin DB9s and late 1970s Porsche 911s is on the up. But so are prices for Ferraris, most notably the Testarossa (up 98%) and the 308GTB and GTS (65%).

1964 Ferrari 275 GTBC Speciale

1964 Ferrari 275 GTBC Speciale

“These new owners of modern classics reflect similar habits and preferences as past generations of collector car owners — people that have an interest in collector car ownership tend to purchase cars that they grew up with. Consequently, cars from the ‘80s and 90s are now attracting interest,” explains Hagerty CEO McKeel Hagerty.

Soft Launch: Ferrari LaFerrari Spider Teased

Italian supercar powerhouse Ferrari has dominated Internet buzz for some time with its now-official tease of the upcoming LaFerrari Spider. We have been following the story from the start, with our first report here, and now that official images of the convertible LaFerrari variant have dropped, we revisit this extremely hyped-up tale of a hybrid hypercar. Incredibly, the official word has it (according to the AFP) this is called the ‘flagship flagship,’ although perhaps the writers at the wire service are just being cute.

Aimed, in the company’s words according to the AFP, at clients who refuse to “compromise on the joy of al fresco driving even when at the wheel of a supercar,” the new car will be a strictly limited edition (AutoBlog reports 150 to 200 units) and will boast both a removable carbon fiber hard top and a removable soft top. Oh yes, all reports agree that the Ferrari LaFerrari Spider is completely sold out. Color us surprised…

laferrari_spider_overhead

Anyway, as well as chopping off the roof, Ferrari says that it has had to make extensive modifications to the chassis and such to ensure that the open-top car suffered no performance dips versus its coupe elder sibling. The proof of course will be in the pudding but as you can see, especially in the overhead shot above, the lines are mouthwateringly beautiful.

The La Ferrari Spider boasts the same naturally aspirated 6.3-liter V12 engine mated to an electric motor that powers the hardtop LaFerrari. So that means you get a total output of 950bhp that pushes the car from standstill to 100kmh in under 3 seconds and instantaneous acceleration when the driver’s right foot is pressed hard down.

The car will make its official debut at the Paris Motor Show in September where Ferrari will reveal more details about the car including its price and the number of examples it is planning to build. This of course is an academic exercise given that if you don’t already have one, you can’t get one. Here’s a last look at the thing.

laferrari_spider_angle

4 Supercars Dominating Goodwood 2016

The annual Goodwood Festival of Speed in England has always been a great opportunity for various automobile marques to showcase their best creations. This year’s festival is no different, as our previous story on this subject indicates and our selection of highlights proves. We have already witnessed a comeback by sportscar company Alpine with its 11 model display in the festival, but quite a number of notable supercars showed up as well. Ranging from names like Ferrari to Mercedes – these are four of the biggest show-stealing supercars at Goodwood.

Ferrari

Ferrari-MM-Speciale

The company dropped a couple of cars never before seen in the UK. Among those, though, the cream of the crop was definitely the Ferrari 458 MM Speciale. This bespoke commission was based on the standard 458 Speciale and boasts of a variety of uniquely reworked features.

Aston Martin vantage_gt12_ro.bf13d090249.h0

Even more exclusively tailored was the drop-top variant of Aston Martin’s Vantage GT12 coupe – the Vantage GT12 Roadster, done up by the bespoke department of Aston Martin. With its carbon fiber stylings and beefed up performance, it made for quite a ferocious model among the other cars to appear at the festival. In fact, to further maintain its exclusivity, the client who requested the model paid a premium so that no other Aston client could ask for something similar.

Bugatti

Bugatti-Chiron

Although it is yet to be confirmed as the world’s fastest production super sports car by Guinness, the Bugatti Chiron roared into action at Goodwood with its 1500PS and 420km/h top speed. It has already stood out in its rarity, desirability and collectability – with only 500 models scheduled for production, the first 200 are already spoken for.

Mercedes

Mercedes-AMG-GT-R

Even with the sheer power of the Chiron on display though, it was the Mercedes-AMG GT R that potentially made the deepest impression on the crowd. In the twisting circuits set out by the festival, it proved to be the direct competitor to the Porsche 911 GT3 in terms of thrills, spills and track-friendly performance. The active aerodynamics in the design, coupled with its 4-liter twin-turbo V8 (which outputs 585hp), as well as a seven-speed dual-clutch transmission and active rear-wheel steering – made it a pleasure to behold in action. Best of all, its production isn’t restricted, and it’ll go for around $200,000 at the end of the year.

Custom Job: Ferrari 458 MM Speciale

The Ferrari 458 Speciale was distinctive when it was first released in 2013, which is only fitting for what is a souped-up version of the 2009 Ferrari 458 Italia. All versions of the 458 were phased out in 2015 so if you get one brand new today, you can count yourself extremely fortunate. For one mysterious British customer though, a rare car just wouldn’t cut it. Thus, the 458 MM Speciale was born. The bespoke Ferrari made its debut on Tuesday during a shakedown testing on the Fiorano circuit. Ferrari-458_MM_Speciale_article

The one-of-a-kind creation has a few similarities other 458s, with a few unique features in the mix. Like the collectible 458 Speciale, the bespoke Ferrari boasts a 4.5 litre 600 hp V8 engine and can go from 0 to 100km/h in three seconds on its way to hitting a top speed that exceeds 200mph. The differences begin with the exterior that is re-sculpted in aluminum and carbon fibre composites while also featuring side air scoops as well as a re-worked nose and tail. Ferrari-458_MM_Speciale_article-1

The custom Ferrari that was designed in-house by the Ferrari Styling Centre showcases sporty lines —a request of the client— as well as a glasshouse that resembles the 1984 Ferrari GTO. This wraparound solution sees the windscreen and side windows become one seamless glass surface while also lowering the roofline. The roofline joins the side scoops in adding to the aerodynamic revision of the new car. Ferrari-458_MM_Speciale_article-2

Thanks to the unique additions, Ferrari could afford to modify the car further by having the cooling radiators mounted closer together. With the help of the side scoops, the car is able to provide direct additional cooling to the engine. The downforce is evenly balanced thanks to a spoiler on the tail — something that you would not find on current production Ferraris. The customization of the car doesn’t stop there: the owner also requested specific wheels that are exclusive to the car along with an upgraded audio system as well as Ciccolato leather upholstery with white stitching and satin white rings around the tunnel controls.

Concours d’Elegance Dedicated To Pininfarina

Between June 2 and June 5, a special Concours d’Elegance will come to the town of Alassio, Italy celebrating the models and designs of the legendary car studio Pininfarina. This show, in conjunction with the late Senator Sergio Pininfarina’s 90th birthday, is a tribute to the globally recognized brand that he built up from a small automotive design studio. This event will also see some of the rarest and most exotic cars that the brand has offered on show together.

Pininfarina Sergio Concept

Pininfarina Sergio Concept

Two of the unique cars on show include the 1963 Lancia Flaminia Coupé Speciale and the 1947 Bristol 400 (just three survive) – plus a whole host of models stretching from names such as Maserati, Ford, Cadillac, Nash, Fiat, Rolls-Royce, Alfa Romeo, Peugeot, Volvo and even Hyundai, all of whom have turned to the firm at one point for inspiration. These production cars join hands with some of Pininfarina’s greatest concepts, all on show together. This includes the Ferrari Sergio (built in Sergio Pininfarina’s honor), the BMW Pininfarina Gran Lusso Coupe of 2013 and the H2 Speed hydrogen fuel cell sports car that debuted at this year’s Geneva Motor Show. In short, it is a display of the best out there.

“In the year that my father would have turned 90 years, I thought the most beautiful homage could be a gathering of the cars he has loved most in the city that, together with Torino, has always occupied a special place in his heart, Alassio,” said Paolo Pininfarina. With a jury of Pininfarina family members and international automotive experts – four prize winners will be selected out of the cars competing. These awards include best in show and the Robert M. Lee award for the show’s most elegant car.

Pininfarina H2 Speed

Pininfarina H2 Speed

And while the entrance to the event will be exclusive, the cars competing will be taking to the streets in two separate processions around Alassio through June 3 and 4, allowing all to witness the spectacle on show. The city of Alassio itself has a special “Città di Alassio Award” for the best convertible on display, which it will vote on itself.

Vintage Ferrari 250 GTE to Sell on Luxglove

Attention car lovers! The online curated marketplace Luxglove based in Singapore has announced a private sale of a vintage Ferrari 250 GTE on their website. This model is the 265th unit in a series of 954 units, and maintains the original Ferrari Red exterior and black interior from the first production run.

FerrariGTE_008

Ferraris have been on the rise lately among collectors, with the 275 NART Spider aiming to be one of the most expensive ever auctioned at Sotheby’s. In general, the Prancing Horse badge is now a mark of dependable collectibility. This is definitely a good opportunity to be a Ferrari collector, or, if you’re already a fan, to increase the stock of your current collection.

FerrariGTE_017

To find out more on how you can get your hands on this beauty, you head over to Luxglove where they’ll set you up for a sale.

Ferrari CEO Confirms Spider LaFerrari

The Ferrari LaFerrari (despite being criticized for the tongue-twisting redundancy in its name) remains one of the most powerful multi-million dollar hypercars that’s ever been produced. Sadly, like the Enzo it replaced, it is sold out. Yet, rumors were swirling for some time that a new hypercar was in the works. Thanks to a little tidbit from Ferrari CEO Sergio Marchionne, this rumor may now be confirmed, and a new drop-top ‘Spider’ version of the LaFerrari is coming up next

Well no one knows for sure of course but sources all over the Internet (including the AFP) are buzzing about the new CEO’s first official interview. Just taking over from Amedeo Felisa this month, Marchionne let the slip in theinterview (with automobilemag.com) that “the only future product connected to LaFerrari is the Spider”, though he added that it was “no secret since potential customers have already been approached”. The original hard-top LaFerrari was the first car to use a hybrid powertrain, and stood out from models made by the rest of its competitors such as Porsche and McLaren by pushing out maximum power all the time.

With regard to cars like the Dino V-6 though (a new ‘entry-level’ compact supercar), Marchionne noted that there were still various questions (“Where should that Dino be positioned? How much should it cost? How would it relate to the next 488…”) to be answered and they “haven’t found answers to these questions yet”. Even so, Ferrari also revealed May 4 that it had its most successful quarter in history with 1,882 cars being delivered to clients around the world since the beginning of the year — a 15% increase on Q1 2015.

Under this new direction, we’ll see where the esteemed company will go next.

This story was written in-house, with multiple sources, including the AFP.

Ferrari 275 NART Spider Most Expensive at Auction?

There were only 10 of these made, and the last time one of them came up, it fetched $27.9 million. The Ferrari 275 GTS/4 NART Spider could easily make it to the top 10 list of most expensive cars auctioned, once bidding starts on May 14 at the biennial RM Sotheby’s Monaco auction. Sotheby’s already set it up with a very conservative €19 million ($21 million) estimate.

For that matter, the most expensive car auctioned happens to be a Ferrari 250 GTO ($38,098,927), and with the exception of Fangio’s 1954 Mercedes-Benz W196 F1 car (third place, $30,069,371), the rest of the top 10 are all Ferraris. Classic Ferraris are gaining value in the field to the point that models built as recently as the mid-1990s are starting to see some healthy appreciation. Will this be the point where the bubble is primed to burst? Either way, the NART Spider’s sleek styling and performance aims to at least ensure some kind of record.

Ferrari-NART-Spider-Interior-Auction

The car represents a combination of Italian engineering and American ingenuity. US Ferrari importer and race team owner Luigi Chinetti pitched the idea of a roofless take of the 274 GTB/4 to Enzo Ferrari himself, exclusive to the US market and each carrying Chinetti’s NART (North American Racing Team) badge. Due to the overwhelming expenses, production only stopped at 10.

“It is a privilege to present this NART Spider,” said Rob Myers, Chairman and CEO, RM Sotheby’s “Its offering at auction is such an extraordinary event. Ownership of a NART Spider represents membership in a club of only nine other enthusiasts around the world. If a Ferrari is the choice of car connoisseurs, then the NART Spider is the choice of Ferrari connoisseurs.”

Come May, whoever gets their hands on the tasteful red sheen and elegant form of the NART Spider, will surely have something worth bragging about.

Ferrari and McLaren Earn 2016 Red Dot Awards

Which is better, a Ferrari 488 GTB or a McLaren 570S? Perhaps it is better and safer to split the difference on that question. It turns out that from a design perspective, even the jury of experts that decide the annual Red Dot awards and which, for the first time included legendary automotive designer Chris Bangle on its panel, can’t decide between the two.

Both supercars have been given top honors, a “Best of the Best” award in the product design category. Actually, it is a three-way tie and the third winning car is a bit of odd fit with the supercars but we digress…

Ferrari tends to scoop up a Red Dot award every time it launches a new car, but for McLaren, which has only been in business since 2010, it’s a huge achievement. “The 570S Coupe has enjoyed a fantastic reception since launching last year, and to be recognized by Red Dot with a ‘Best of the Best’ title is a real honor,” said the car’s Chief Designer Rob Melville.

Ferrari 488 GTB 2016

However, for those that believe innovative or desirable automotive aesthetics are still the preserve of dream car companies, the two mid-engine turbocharged V8 200mph+ supercars have this year been joined in the best of the best category by the Kia Optima.

Unlike the other winners, this is a practical, comfortable and affordable four-door sedan and crucially, one developed by a design team based in the US, Korea and Germany to ensure visual appeal.

“Our international design team has every cause to be exceptionally proud of these most recent awards,” said Peter Schreyer, President and Chief Designer of Kia Motors Corporation and Hyundai Motor Group.

In all, 5,200 items, from smart thermostats and stylish chairs to designer sunglasses and luxury pens, were entered for consideration in the product design category for this year’s Red Dot Design Awards.

Of that number this year’s 41-strong jury gave out the top honor – Best of the Best – to just 79 entries in total. The ‘standard’ Red Dot award was won by 1,304 products and a further 107 gained an “honorable mention”.

The full list of Red Dot winners across all 21 categories including for vehicles, will be announced in Essen, Germany at the Red Dot Gala and Awards ceremony on July 4.

Ferrari Theme Park Coming to China

Ferrari announced last week it had signed a memorandum of understanding with two Chinese companies to build a theme park in China. Ferrari has such a park in the Middle East and is building one in Europe too.

The non-binding deal with Beijing Automotive and Biac Eternaland Property will, if implemented, see the two Chinese companies licensed to establish the park in a still-to-be-decided Chinese city.

The luxury sportscar maker and Formula One powerhouse already has a theme park on an island near Abu Dhabi and is in the process of constructing another one in Spain.

The parks are one of the ways in which the company is hoping to leverage its luxury brand to generate additional revenues.

The company’s sales in China, which represent about five percent of its total worldwide, fell 22 percent in 2015.

9 Stars of Geneva Motor Show

With the Geneva Motor Show over, the array of cars that were on display were bound to have the heart of any collector or enthusiast pounding. Still, there are those that simply have a greater pull than others, especially for models coming from well established companies such as Porsche, Bentley, Ferrari and Rolls-Royce. Let’s take a look at the main stars of the show:

Bugatti-Chiron-test

Bugatti Chiron

“It is part of human nature to cross boundaries and set new records,” said Bugatti president Wolfgang Dürheimer.

The record-breaking Chiron was probably the leading headliner amongst all models shown in Geneva. Boasting 1600hp and a top speed of 261mph (420kmh), the Chiron takes pole position as the world’s fastest production car, with specifications outstripping its predecessor – the Veyron.

Aston-Martin-DB11

Aston Martin DB11

Aston Martin tried to close the gap between itself and its competitors, such as Ferrari and McLaren, with the high-end luxury supercar – the Aston Martin DB11.

“A brand new bonded aluminum platform, clever aerodynamics, a new characterful twin-turbo V12 and class-leading infotainment systems are just a few aspects which make this the sports car that will proudly spearhead Aston Martin’s second century plan,” said company CEO Dr. Andy Palmer, summarizing the main traits of this contending powerhouse. Either way, the DB11 re-stoked great expectations for the company.

Porsche-911-R

Porsche 911 R

Porsche was all about stripping down and streamlining with their new 911 R as a part of a strategy to appeal once again to the purist fans alienated by previous creature comforts and technological aids. It weighs 3,020 pounds and maxes out at 201mph with 500hp.

With sporty performance back at the forefront, hopefully the fans are placated.

Rolls-Royce-Black-Badge

Rolls-Royce Black Badge Series

A bespoke range of Rolls-Royce Wraiths and Ghosts appeared at Geneva to appeal to edgier and younger customers. The Black Badge series is finished up with a black gloss (right down to the Spirit of Ecstasy donning the hood) while the interior was spruced up with a darker palette, all blacks and purples.

Lamborghini+CentenarioFront

Lamborghini Centenario

The limited edition Centenario made an appearance at Geneva before disappearing into the mist given that all 40 models of this anniversary model were sold out already. Imbued with 770hp and a smooth tasteful geometric design, this little tease broke the hearts of countless expectant collectors at the show and beyond.

 

Levante-Geneva-2016

Maserati Levante

Despite the surprise being spoilt by internet leaks, Maserati launched its Levante crossover with an Italian flair, rivaling the likes of others such as the Porsche Cayenne and the Bentley Benteyga. The first SUV in the company’s hundred-year history aimed at breaking into the premium crossovermarket with sophisticated technological features and performance.

Arash AF10

Opposing the Chiron in output figures (though not speed), the British-built Arash AF10 takes some beating. With four electric motors plus a V8 it has 2080hp on tap and despite being built for the track is road legal. At £1.1 million, it is also cheaper than a Bugatti.

Mulsanne-Grand-Limo

Bentley Mulsanne Grand Limousine by Mulliner

This bespoke stretch limousine that was built for a certain anonymous client inches out the Mercedes-Maybach Pullman as the world’s longest and most comfortable passenger car. With the high-craftsmanship of the interior and various luxury additions like a bottle cooler and a soft drinks cabinet, Bentley sought to prove the sheer capability of their in-house coachbuilder, Mulliner, in tailoring to the demands of their customers.

Ferrari GTC4Lusso profile

The Ferrari GTC4Lusso

Now replacing the Ferrari FF comes the four-seat GTC4Lusso, which also happens to be the first production Ferrari to boast of having both all-wheel drive and four-wheel steering. When you mix a high quality ultra-intuitive infotainment system with a significant power boost to the FF package, the result is a whole luxurious package wrapped up in one excellent shooting brake bound to impress with a younger crowd.

All Wheel Drive: Ferrari GTC4Lusso

Legendary Italian automaker Ferrari finally unveiled the new four-seat, four-wheel-drive replacement for the FF March 1. The car remains essentially a family-friendly shooting brake, or hatchback if you prefer.

The GTC4Lusso is the first production Ferrari to boast both all-wheel drive and four-wheel steering; you might recall all-wheel steering in the special edition F12tdf. The extra control of rear-wheel steering will be needed because the new GTC4Lusso, the long-awaited replacement for the existing FF, has been given a significant power boost. The 6.2-liter V12 now delivers 680bhp at 8,000 rpm and can race from standstill to 100km/h in 3.4 seconds.

Inside, the dashboard and in-car entertainment systems have been given an extra injection of quality (we’re note sure how such a thing is even possible) while the exterior has been given aerodynamic improvements. Ferrari signals that the new car is a Ferrari that can be driven in all conditions (like the FF, this baby goes in the snow) and is one it expects to appeal to the younger set.

Ferrari GTC4Lusso back

Ferrari GTC4Lusso profile

Ferrari GTC4Lusso Interior

Pagani Elevates Huayra to BC Levels

Why simply produce a rare hypercar when you can have an even rarer production run of said rare hypercar? Our guess is that Pagani was thinking exactly that when deciding to build the Huayra BC — a very special and very limited production run of the fully sold out Huayra. Those familiar with the extended run of the Zonda will be completely unsurprised by this news. Indeed, we started thinking that the brand name was Pagani Zonda!

The Italian hypercar firm – still just called Pagani – promises to deliver a car that is as remarkable as a Ferrari or Porsche sans the hybrid trickery — now that is some serious shade. The current vanilla Huayra has a six-liter V12 twin turbocharged Mercedes-AMG engine that can demolish the 100 km/h mark in three seconds. With 720 horsepower, and a top speed of 200 mph (320 km/h), we do understand why this is not simply super but hyper. At a cool million pounds, the exterior of the car is woven from a combination of titanium and carbon fiber (for an excellent power-to-weight ratio) while the interior boasts intricate leather and metalwork.

The new production is dedicated to multimillionaire Benny Caiola who enabled the firm to achieve success when he could have invested in a competitor. As such, Pagani is dedicating what promises to be their fastest, most extreme and most exclusive vehicle, to his memory. Caiola was reportedly Pagani’s first customer so the connections are powerful here. The Huayra BC (no prizes for guessing what that stands for), of which only 20 will be built, is available if you have £2.35 million to spare. The update promises to deliver somewhere between 740 to 800 horsepower bringing you to 100km in slightly under 3 seconds. Given that the car uses the same powerplant, the improvement in speed can be mostly attributed to the lighter package Pagani has deployed here.

But that’s just the start; although the new car and the existing Huayra look almost identical, save for the large rear spoiler, Pagani claims that every external panel has been redesigned to cut weight, aid downforce or improve aerodynamics. It is also why the suspension components have been made from aluminum alloys and why the usually opulent interior has been slightly pared back, to boost the car’s power to weight ratio and its ability to continue slicing through the air as acceleration increases.

The result is a car that should perform on the road and on the track but, sadly one that will most likely be put into storage the moment it is delivered. Even sadder for you, dear reader, is that all 20 models are reportedly sold out. Take heart though because the Geneva Motor Show will also see the debut of the roadster version of the Huayra BC.

Ferrari 335 Scaglietti Sells for $35 million

Ferrari stock may be experiencing volatility but the Prancing Horse continues to rise above expectations at auction, with the latest being a 1957 335 S Spider Scaglietti which sold for $35 million. The price is a world record for a racing car sold at auction.

Press reports state that applause literally broke out after the hammer came down on the bidding for the 1957 Scag at the Artcurial auction house just off the Champs-Elysees, Paris, last Friday, February 5.

The world was watching the sale with great interest, especially since Bonhams was also offering significant Ferrari models (amongst others) last week. That sale was nothing to write home about, as far as Ferrari models are concerned, with the 1966 275 GTB Berlinetta selling for roughly $2.29 million. Nevertheless, expectations for a cooling-off in Ferrari auction prices has not yet been met. The race car sold by Artcurial fetched 28 million euros, plus premiums and taxes taking the overall price to just above 32 million euros ($35 million).

For those keeping track, note that this result also beats last year’s top selling Ferrari at auction, the 1956 Ferrari 290 MM Spider, which sold for about $28 million.

The Spider Scag actually beat the record set in 2014 when a 1962 Ferrari 250 GTO sold for what was the equivalent of 28.9 million euros. The new most-expensive-ever Scag has a peerless pedigree, having finished sixth in the Sebring 12 Hours race in 1957, driven by British racer Peter Collins and his French partner Maurice Trintignant, and second in the Mille Miglia 1,000-mile (1,600-kilometre) road race in Italy, with Wolfgang von Trips driving. Yes this is the actual Scag that accomplished all that, not merely a similar model. Well, the same car but with some tweaks…

After the Mille Miglia, the car was returned to the factory to have its engine size boosted from 3.6 to 4.1-liters, boosting available horses from 360 to 400, allowing a top speed of 300 kilometres an hour (186 mph). This was in 1957 mind you.

The Scag enabled Enzo Ferrari’s outfit to win the Constructors’ World Championship title in 1957.

The identity of the purchaser of the Spider was not revealed following Friday’s deal but is US-based, according to Matthieu Lamoure, director general of Artcurial motorcars.

“Clearly, we won’t soon forget,” Lamoure told journalists after the hammer came down on the record sale, bidding having started at 20 million euros.

The sleek machine had belonged to the family collection of late French racing driver Pierre Bardinon, who died in 2012.

Legendary British driver Mike Hawthorn drove the Spider in the Le Mans 24-hour race in 1957 and Sir Stirling Moss won the 1958 Cuba Grand Prix with it.

Ferrari Berlinetta Drives to Top Lot at Bonhams

British auction house Bonhams is gearing up for the sale of classic cars and motorbikes at the Grand Palais museum this Thursday, February 4. In its sixth year, the auction is expected to fetch millions of dollars where German and Italian models may garner the highest bids. Listed with the highest valuation as the top lot is the 1966 Ferrari 275 GTB Berlinetta. Those looking to own a model that was developed closely by Enzo Ferrari himself can expect to begin their bid at $2.7 million.

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1990 Ferrari F40 Berlinetta

Joining the Ferrari, is the Mercedes- Benz CLK GTR Coupé from 2000 ($2 million), a 1990 Ferrari F40 Berlinetta ($1 million), a 1955 Lancia Aurelia B24 Spider with a hardtop ($980,000), a 2005 Porsche Carrera GT ($870,000), and a 1937 Alfa Romeo 6C 2300B Berlinette ($810,000).

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1962 Alfa Romeo Giulietta SZ2 Coda Tronca Coupé

Next in line comes a 1962 Alfa Romeo Giulietta SZ2 Coda Tronca Coupé ($650,000 to €870,000), then a 1961 Aston Martin DB4 Series IV Coupé ($487,000 to $700,000), a 1961 Alfa Romeo Giulietta SZ Berlinette Coda Ronda ($490,000 to $700,000) and a 2002 Ferrari 550 Barchetta Pininfarina ($490,000 to $600,000).

Among other curiosities, auction-goers will have the chance to bid for a 1967 Citroën DS21 Cabriolet Le Caddy ($270,000 to $380,000) and a 1971 Mercedes 280 SE 3.5l Coupé once owned by Lino Ventura ($98,000 to $130,000).

A total of 250 lots will be up for auction, with 133 cars and 54 motorbikes, including 18 rare Italian motorbikes from the Stockholm Motorbike Museum in Sweden. All of the vehicles for sale will be on show at the Grand Palais exhibition center in Paris on Wednesday, February 3, from 9 am to 5:30 pm and on Thursday, February 4, from 9 am.

The Bonhams auction is being held at the Grand Palais, Paris, on Thursday, February 4, 2016. Visit the Bonhams official website for more information.

Ferrari California T Handling Speciale Preview

The new Ferrari California T Handling Speciale is only due for its official coming out party at the Geneva motor show March 1 but it is already in our sights. This is probably because of reports coming out of CES in Las Vegas about a Ferrari California loaner made available for some journalists. The AFP also has this report about what to expect in the new HS version of the California so enjoy the extended sneak here.

According to the press release from the Prancing Horse, the California’s present suspension setup has been overhauled, new springs developed, shock absorbers addressed, transmission reprogrammed and a new exhaust added in the pursuit of making the car more driver focused.

Like all cars sporting the Ferrari emblem, the standard California T is no slouch. It eats up the 0-100km/h test in 3.6 seconds, metal folding roof up or down, and tops out at 315km/h. That means that in a straight line, there is not much out there in the cabriolet class, with a 2+2 seating arrangement, that can pass it.

Famously, the California was conceived in the Grand Tourer or GT fashion rather than as a proper speed demon. Of course, it was aimed directly at clients on the west coast of the US. Like all GTs, it is a car for long, straight roads and – in the case of the California in particular – dappled by guaranteed sunshine. The smoothness of the ride quality is a priority, even in a muscular proposition like this. Even so, as The Verge reminds its readers, do not attempt to ferry a baby around in this car.

The AFP reports that the US continues to be Ferrari’s biggest single market, but in its most recent financial figures, published at the start of the year, Great Britain, a country famous for its twisty roads and infamous for its weather has cemented itself in third place, just behind China, a position it has held for much of this decade.

The HS option is designed therefore to put a smile on the faces of northern European drivers who are lucky if they ever get the chance to drive their California with the roof down. Well, you could wear a raincoat but you would definitely not be wearing a smile after such a ride. The HS reportedly sacrifices some ride smoothness in favor of better responsiveness and superior handling. This is particularly true when the steering wheel-mounted switch is in sport mode, which triggers enhanced rigidity, stiffness and reduced body roll.

The new exhaust system delivers a unique note that increases in intensity as the engine revs closer to the limit, ensuring the perfect soundtrack for traveling on the most twisting of canyon roads.

And to ensure the car’s looks match these performance changes, Ferrari has switched out the California’s front grille for something slightly more aggressive and has redefined the rear diffuser too. The exhaust pipes sport a matte finish and the center console carries a plaque warning passengers that this is the HS edition.

More details including pricing, will be announced at the Geneva Motor Show.

This report was compiled by in-house writers, in combination with a wire report and image from the AFP.

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Ferrari Sells for $47: Split from Fiat Complete

The world’s most exclusive car brand is now available for public ownership. Ferrari listed January 5 on the Italian stock exchange, the Mercato Telematico Azionario (MTA), completing a long-announced split from parent group Fiat. For those counting, this means that the Prancing Horse is independent again, for the first time since 1969. Yes, Fiat Chrysler listed 10% of Ferrari on Wall Street in October last year but this listing on the MTA represents the divestment of the remaining 80% of the Maranello firm; press reports hold that the Agnelli family (Fiat bosses basically) still own 24% of Ferrari while Enzo Ferrari’s son Piero has a 10% stake. Trading ended at €43.46, up ever so slightly from the debut price of €43. This news caps an impressive season for this legend of the auto world, as we reported previously here.

Report: 6 Hottest Collector Cars 2016

In recent years the classic car market outpaced all expectations to the point where a classic Ferrari built between 1955 and 1965 is literally worth roughly its weight in gold. For reference, a 1956 Ferrari 290 MM Spider (pictured above) weighs about 900kg and the price of gold per kg is roughly $34,000 (market rates December 29), which will become important to note in a moment. While you do the math on that one, just know that while vintage cars with the prancing horse on their hoods continue to command the highest premiums at public and private sales, trends and tastes are starting to change.

According to US-based classic car valuations and insurance company Hagerty, the market is starting to slow down, but that’s hardly surprising. In the US alone, a new record – $1.45 billion – for classic car spending was set over the course of 2015. And, $28,050,000 of that was spent on just one car, a 1956 Ferrari 290 MM Spider (Image credit: Ferrari – Flickr – Stradablog (3) by Tino Rossini from Toronto, Canada – Ferrari. Licensed under CC BY 2.0 via Commons). That made it the most expensive car to fall under the hammer this calendar year, and the entire top 10 for 2015 are also classic Ferraris, accounting for over 10% of all money paid for classics and collectibles over the period.

The world is running out of Ferraris to sell, and as a new generation of car collector comes of age, a noticeable change is starting to occur. “The market is still growing, but at a slower rate than we have witnessed in the past three years,” said McKeel Hagerty, CEO of Hagerty. “The notable exception is rapid growth among younger buyers who have entered the market and are exercising their buying power by spending on the poster cars of their youth.”

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A Porsche 911 S 2,7 from 1974. ©Porsche

As a result, prices paid for mid-1970s-era Porsche 911s has jumped 154% over the last year. There has been a 98% surge in value for that 1980s and early 90s supercar icon, the Ferrari Testarossa made famous by Miami Vice even though beyond its extravagant looks, it was considered a terrible car to drive.

The TV influence continues with the 1975-1985 Ferrari 308 GTS, the car made famous by Tom Selleck in his role as Magnum PI, with prices up 69%. Even the Lamborghini Diablo (built right up until 2001) has seen a price increase of 65%.

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The actual 1986 Ferrari Testarossa used in TV show ‘Miami Vice’ ©William Stern, Courtesy of Mecum Auctions

“A new era of later model performance cars from instantly recognizable brands have irrefutably proven that the term ‘collector car’ is not synonymous with ‘old car’,” continues Hagerty.

Nowhere is this more evident than with the first edition Aston Martin DB9. Despite still being in production as recently as 2009, prices have jumped 141% since the start of 2015, meaning that only the Porsche 911 has surged more in value in recent months.

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A 1985 Ferrari 308 GTS Quattrovalve. ©Silverston Auctions

Hagerty’s data, which is based on auctions, private sales as well as its own insurance policies, also shows that there has been a 17% increase in clients adding classics from the 1980s onwards to their existing policies while fewer than 3% have added additional cars built before 1980.

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A 1994 Lamborghini Diablo VT. ©Lamborghini

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A late 2003 edition Aston Martin DB9. ©Aston Martin Lagonda