McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

2012 Volkswagen Beetle Spied

The 2012 Volkswagen Beetle looks almost production-ready Yes, the next generation of the ‘New’ VW Beetle us upon us, certainly if the spy shots we’ve got of an almost undisguised 2012 VW Beetle are anything to go by. And we did report that VW should debut the 2012 VW Beetle in 2011 before a 2012 launch as long ago as October 2009. So it all adds up Not surprisingly, this 2012 Beetle has been snapped pounding round the US – the one place it’s sold really well.

Philip Hammond to announce end of M4 Bus Lane

Philip Hammond is to announce the end of the M4 Bus Lane Philip Hammond was quick to announce that he intended to end the ‘War on Motorists’ when he was appointed Secretary of State for Transport back in May. And it was a good soundbite that resonated with hard pressed motorists. So much so we applauded his aims in an article, which lead to the Guardian calling Cars UK ‘The Petrolhead’s’ favourite website’.