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First Corvette Stingray Convertible sells for $1 million

The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson  and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.

Porsche makes £14k on every car it sells, Bentley makes £12.7k

Porsche made £14k on every car sold in 2013 If you need an illustration of how much more profitable high-end sports and luxury cars are than mainstream cars, VW Groups sales figures demonstrate it perfectly. At the extreme ends of the profit per car spectrum, Porsche made an enviable £13,931 for every car it sold in 2013 and VW made just £615 (although SEAT actually lost £330 on every car it sold) . In fact, although you might expect the higher-priced Bentley range to make more per car than a Porsche, Bentley only managed a creditable second place on VW Group’s profit per car table, turning in £12,700 profit for every car it turned out (11,000 of them in 2013).

Porsche Panamera Junior (Porsche Pajun) still on the cards

Porsche Panamera Junior (Porsche Pajun) still on the cards The idea that Porsche would build a saloon to sit below the Panamera have been on the cards almost as long as the Panamera has been with us. Back in early 2011 we reported that a Porsche Pajun was being planned for 2016 and in 2012 a Porsche source confirmed that a baby Panamera was under development with plans to get it to the market in 2015. Now, Porsche boss Matthias Muller has all but confirmed to Autocar that the ‘Pajun’ is under serious consideration, although the logistics of building a ‘volume’ model like the Pajun is a tough logistical ask as Porsche has just gone through that exercise to produce the Porsche Macan.