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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 launch new 9G-Tronic gearbox on E350 BlueTec

New Mercedes E350 BlueTec (pictured) gets 9-speed 9G-TRONIC auto It’s not exactly a million years ago that automatic gearboxes offered poorer performance and economy than manual gearboxes, and came as standard with just three gears. But now, automatic gearboxes are so good they can  change quicker than any driver and, with the proliferation of eight-speed auto ‘boxes, offer improved economy and performance too. The next logical step is even more ratios in an auto ‘box, and Land Rover has already revealed they’ll be fitting the Evoque with a 9-speed ZF ‘box from 2014, and the new Jeep Grand Cherokee gets a nine-speed auto ‘box too.

New Ford Kuga production increased to meet strong demand

Ford has revealed that it having to increase production of the new Kuga by 10 per cent at its Valencia Plant to meet strong demand. We reported in February that Ford were chuffed with sales of the new Kuga - especially as almost all buyers were opting for ‘premium’ versions – with orders for almost 2,000 in the UK just weeks after the Kuga went in to production in Spain, and sales across Europe for the Kuga up 27 per cent year on year. So Ford is now doing the only thing they can to deal with the burgeoning sales of the Kuga and are upping production in Valencia by 10 per cent, and now expect to build 100,000 new Kugas this year for Europe alone.