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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).

Porsche Panamera Turbo S: Official

The Porsche Panamera Turbo S is now official Yesterday we reported that Porsche was about to reveal a new halo at the top of the Panamera range – the Porsche Panamera Turbo S. And today they’ve obliged. And it looks like we got pretty much everything right.

2014 Mercedes C-Class: OFFICIAL – and it looks like a proper baby S-Class

The 2014 Mercedes C-Class (pictured) looks like a proper baby S-Class The 2014 (or 2015 if you’re in the US) Mercedes C-Class has finally been officially revealed ahead of its debut at the Detroit Auto Show next month, and it looks to be a convincing take on a proper scaled-down S-Class. With Mercedes launching a more credible range of compact cars beneath the C-Class – with the new A-Class and CLA – targeting younger, funkier buyers, Mercedes has taken the C-Class from the ‘entry-’level’ real Mercedes to become a properly grwon up luxury saloon, just smaller than its E-Class and S-Class siblings. The new C-Class is wider, longer and has a longer wheelbase – with most of the extra 3 inches in the wheelbase benefiting the rear passengers – yet it’s lighter and more dynamic than the model it replaces, thanks in no small part to an aluminium hybrid body that now has up to 50 per cent aluminium in its panels.