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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).

Mazda3 & Mazda5 Venture Edition launched

Mazda has launched the Mazda3 Venture and the Mazda5 Venture Edition in the UK, with sporty styling and extra equipment. So far this year we’ve had the Mazda6 Venture Edition and the Mazda MX-5 Venture Edition to push buyers in to Mazda Showrooms, and now we get two more – the Mazda3 Venture Edition and the Mazda5 Venture Edition to add to the temptations. Both versions of the Venture Edition are based on Mazda’s TS2 specification with a bit of added sportiness thrown in for more showroom appeal, with a spoiler at the back, side skirts, a sports grill, privacy glass and Fogs.

Celebrating Mitsubishi...mostly the Evo

Is Mitsubishi going to come back better than ever or has it overevved its corporate four-banger and sent a rod through its corporate head? Depends how you look at it. If you made your judgment solely by spending last Saturday at the Mitsubishi Owner's Day at company headquarters in Southern California, you'd think this carmaker was the greatest thing since overhead valves and forced induction.