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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).

Lexus LF-Xh unveiled

By Guy Bird Motor Shows 25 October 2007 02:45 Is this the RX400h replacement I see before me? Reckon so. The next-generation large SUV concept unveiled today at the 2007 Tokyo show features an advanced hybrid system with a V6 petrol engine, an electric motor and all-wheel drive, just like the RX’s, but now it’s wrapped up in a more modern and purposeful exterior skin.

Jaguar XKR-S (2011) at 2011 Geneva motor show

Jaguar has turned up the power and sharpened the handling on the flagship XKR coupe for the 2011 Geneva motor show. The result: the XKR-S, claimed to be the fastest production Jaguar sports car ever. For 2011, Jaguar is returning the XKR-S to the top of the XK range. CAR readers may recall the well regarded 2008 limited edition that last carried the badge.  The XKR-S has an uprated version of the 5.0-litre supercharged V8 found in the standard XKR. Power moves up to 542bhp (from 510bhp), and torque swells to 501lb ft (up from 461lb ft) thanks to lots of ECU tweakage.