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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

New Infiniti teased. Infiniti M Coupe? Nope

The Infiniti Teaser for two Pebble Beach reveals Infiniti – Nissan’s luxury lot who are struggling to get a foothold in the UK and Europe – like the Pebble Beach Concours d’Elegance. They launched the new Infiniti M there last year and the event opened with the Infiniti Essence Concept. Which is hardly a huge surprise as the US is Infiniti’s biggest market. It competes on even-ish terms with Lexus across the Pond, whereas it had managed to sell just 60 cars in the UK up until February.

Redesigned Mercedes-Benz M-class takes to the road for testing

Mercedes-Benz gave its M-class SUV a mild freshening last year. But a more-thorough makeover is on the way two years from now for the 2012 model. These prototypes--the first we've seen of the new M-class--are wearing a lot of camouflage, but through the nose opening we spy a sharper grille design that looks similar to the GLK.