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LaFerrari commanding £1 MILLION premium – and the McLaren P1 and Porsche 918 Spyder attracting premiums too

LaFerrari commanding £1 MILLION premium Being at the top of the new owners list for a very desirable, and scarce, car can yield big benefits, and none more so recently than for Ferrari’s hypercar – the LaFerrari. Oracle Finance has been busy looking at the premiums being charged for desirable cars (and, presumably, willing to finance to premium too) and have discovered that those not on Ferrari’s VIP list – and therefore not invited to buy a LaFerrari from Maranello – are willing to pay a premium of £1 million to get their hands on Ferrari’s replacement for the Enzo. But it’s not just LaFerrari that’s commanding hefty premiums.

Arizona auctions week gets optimistic start

It's auction time in Arizona, and Barrett-Jackson has seen some numbers grow. Monday's preview day drew record crowds--a reported 39,000 attendees--a whopping 85 percent increase from 2010. The weather might have played a part, as for the first time in quite a few years, temps have been in the Chamber of Commerce-like low 70s during the days with cool nights.

Camaro sales ahead of Mustang for 2011, so far

In the sales race between pony cars, the Chevrolet Camaro is beginning to leave the Ford Mustang in the dust. The Camaro has steadily outpaced the Ford Mustang for the first four months this year--the Camaro beat the Mustang by 2,672 sales in April alone. For the year to date, Chevrolet has sold 30,824 Camaros, compared with Ford's 23,599 Mustangs.