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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).

Nissan Hi-Cross Concept teased – looks like the new X-Trail +video

The Nissan Hi-Cross Concept previews the 2013 Nissan X-Trail The Nissan Hi-Cross Concept is heading for a debut at the Geneva Motor Show, and appears to be a sibling for the Juke and Qashqai – the new 2013 Nissan X-Trail. The photo above is a tease for the Nissan Hi-Cross Concept which is heading for Geneva, and dropped in to our inbox together with information from Nissan on the Hi-Cross. But all it says is “Here’s a taste of what’s to come”.

Toyota Yaris Hybrid-R for 2013 Frankfurt Motor Show

Toyota As we predicted last week, Toyota will unveil a 400hp Yaris Hybrid-R supermini concept at the 2013 Frankfurt Motor Show next month after dedicating its appearance at the German auto expo to "the presentation of hybrid technology". The Japanese firm has been at the forefront of hybrid technology in the modern era with its eco-focused Prius family hatchback, but has also brought petrol-electric propulsion systems to the fore in top line world motorsport with its TS030 Le Mans racer. On Bing: see pictures of the Toyota Yaris Hybrid-R Find out how much a used Toyota Yaris costs on Auto Trader Powered by Toyota’s 1.6-litre Global Racing Engine and supplemented by a pair of electric motors, the Yaris Hybrid-R actually uses similar technology to the firm’s hybrid Le Mans prototype, with kinetic energy recovered under breaking ‘stored’ in a super capacitor as electricity.