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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).

McLaren MP4-12C Goodwood hillclimb video

The McLaren MP4-12C tackles the Goodwood hillclimb As we reported last week, McLaren used the Goodwood Festival of Speed to give their new road car – the McLaren MP4-12C – its first proper public outing. But they didn’t settle for just having a static display or even a poodle round his Lordship’s grounds for the benefit of the crowd. They brought along their pair of F1 World Champions – Jenson Button and Lewis Hamilton – to strut their stuff up the Goodwood hillclimb in the 12C.

Vauxhall ADAM S gets 148bhp: Geneva Motor Show

The 148bhp Vauxhall ADAM S debuts at Geneva The Vauxhall ADAM S heading for a debt at Geneva this week may be billed a concept, but it’s a racing certainty it will turn up in a Vauxhall showroom near you before too long. With a 1.4 litre Turbo ECOTEC engine good for 148bhp, the ADAM S promises to be properly lively around town (Vauxhall hasn’t decided how quick it is to 62mph yet) and will reach 137mph if you feel the need. Thankfully, Vauxhall has also endowed the ADAM S with a performance chassis to make the most of the extra performance and tweaked the steering for more feedback.