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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).

Mercedes CLS Shooting Brake spy video

The new Mercedes CLS Shooting Brake caught on video The Mercedes CLS Shooting Brake – the CLS Estate – is close to production reveal, and we have video of the CLS Estate out testing. The car world thought Mercedes had gone mad when it launched the CLS to a world that thought a four-door coupe a niche too far. But Mercedes were right, and the E-Class based CLS when on to be a strong seller.

Peugeot 508 leaks early

The Peugeot 508 Estate - turns up a day early It seems like a very long time (it was November last year) since we first reported that Peugeot are dropping the 407 and the 607 and replace them with a new car – the Peugeot 508. Which makes sense, with the 407 getting a bit long on the tooth and the 607 selling nowhere but Paris. We got the first official view of the 508 in the 5 by Peugeot concept at the Geneva Motor Show at the start of the year, and a good looking and elegant Peugeot it looked.