Vintage 1974 Plymouth Taillight Bazzle Trim on 2040-parts.com

The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Porsche acquires Nardo Test Track as its new playground

Porsche Nardo Test Track (map from Google Earth) The enormous Nardo Test Track near Lecce, Italy, has been acquired by Porsche as a new testing ground. Top Gear viewers will probably remember the opening episode if the last series of Top Gear (series 18) with the Lamborghini, McLaren and Noble in Italy or, more specifically, in the Lecce region of Italy which nestles in the warmth of Italy’s heel. The Lecce region also houses the Nardo Test Track which is where the boys took their supercars to hammer round the slightly bumpy outer oval seeking top speed.

Electric Cars now VAT free in Iceland

Electric Cars in Iceland now VAT free The Icelandic Government has decided to remove VAT on electric cars to bring EV costs in line with ICE prices. We don’t believe that Governments should be promoting EVs and Hybrids by giving tax breaks to buyers. In a country like the UK – and most other countries – promoting EV cars at the taxpayers expense is a nonsense.