Vintage Gmc Steering Wheel on 2040-parts.com

Hendrick buys first Corvette Stingray

Race team owner and car dealer Rick Hendrick bought the first 2014 Chevrolet Corvette Stingray, VIN 0001, at the Barrett-Jackson car auction in Scottsdale, Ariz., on Jan. 19. Hendrick's winning bid was $1.05 million, for a car that's estimated to have a sticker price around $60,000.

Lotus gets Ferrari Designer

Ferrari Designer Donato Coco joins Lotus as Director of Design As we’ve reported umpteen times this year, Lotus are getting things very right. They’re selling the new Lotus Evora hand over fist and have plans in place to a convertible Evora and of course the new Lotus Esprit. Part of the long-term plan at Lotus is to bring the Hethel boys back to the top of the heap in the way Lotus were in the glory days of Colin Chapman.

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).