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Porsche reports big drop in sales

Well, it’s not exactly a surprise, given the doom and gloom in the industry at the moment, but Porsche has just reported a 27% drop in sales, down to 34,000 units, over the last six months. As you would expect, some models fared worse than others. The recently updated Porsche 911, which has had mid-cycle tweaks including the new PDK ‘box, held up pretty well.

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).

Range Rover designers talk tactics [w/Video]

Range Rover designers and engineers have come together in a short video to discuss the reasons and influences behind their decisions when it came to designing the brand's fourth-generation flagship SUV. Developing a new Range Rover is always going to a difficult job, given its status as the world's best 4x4 and its avid fan base, and in this video we get a chance to hear from the people who influenced this latest model. Gerry McGovern, Land Rover Design Director and Chief Creative Officer, explains: "Great design is the gateway to customer desirability, it's about making that personal connection.