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Channel 4′s 4Car to close

Car website 4Car is to close at the end of the year. Despite the British love of cars, there really aren’t a huge number of car web sites that make an impact. And certainly not car websites that aren’t linked to either classified ads or existing car magazines.

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).

$40 million Bugatti on exhibit: Mullin museum models its masterpiece

Remember the Bugatti that sold a few months ago for somewhere between $30 million and $40 million? It is still the world's most expensive car. And now you can have a look at it at the fabulous Mullin Automotive Museum in Oxnard, Calif.