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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).

2011 Mercedes CLS Leaks

The first official photos of the 2011 Mercedes CLS leak out The Paris Motor Show beckons, and we are thankfully going to have far more going on in the world of cars than we have for the last month or so. And today’s leak of the 2011 Mercedes CLS in all its production ready glory – well, it’s Photoshop enhanced production ready glory, anyway – is doubtless the first of the Paris leaks to come over the next month or so. Of course, this isn’t the first time we’ve seen the replacement for the Mercedes CLS.

Holden will sell cars in Australia beyond 2017

When we heard about Holden's plans to shutter its Australian plants after 2017, we didn't know quite what to think. The General Motors subsidiary was cagey when it came to details, claiming that the brand would remain a presence in Australia -- even maintaining its design office there. Oddly, we couldn't get anyone to say, in black-and-white terms, what vehicles would be sold there under the Holden name after its plants close.