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$1.3B worth of classic cars were auctioned in 2014

The collector auto market in the US just continues to expand with the values of vehicles seemingly only growing in the past years, especially if they have a prancing horse on the hood. This year was no different. According to data compiled by classic car insurance agency Hagerty, there were about $1.3 billion worth of vintage rides auctioned in North America in 2014, up just slightly from $1.2 billion crossing the block in 2013. If you want an idea of just how big a role the Monterey Car Week plays in the North American collector hobby, Hagerty's stats illustrate it perfectly. The company recorded $430 million in auction sales during the week – about a third of the entire market for the year. The event also hosted the biggest seller of 2014 when the hammer fell on a 1962 Ferrari 250 GTO (pictured above) for $38.115 million at Bonhams. In fact, vintage Ferraris in general were among the top buys in the classic auto world in 2014. Eight of the ten most expensive vehicles sold at auction were Prancing Horses (the other two were Ford GT40s). Also, the insurance company's price index for these Italian stallions showed a 43-percent gain in value for the year. The market for another Italian supercar is exploding, as well. The Lamborghini Countach showed a staggering 175-percent growth in auction value in 2014. According to Hagerty, the average price when they crossed the block was $736,599. Judging by Hagerty's numbers, there were still some places to look for those hoping to spend a bit less money. The Aston Martin Lagonda showed a strong gain in value with a 32-percent increase in auction price, but they still averaged $47,078. In addition, the company's index for '50s American cars showed only one-percent growth for these classics. These huge leaps in collector car value might be winding down, according to Hagerty. It predicts growth in the market to slow to an estimated five percent gain in 2015. Maybe a few of these classics might actually become a bit more affordable to fans without such deep pockets sometime in the future. Featured Gallery Bonhams Maranello Rosso Collection: Monterey 2014 View 21 Photos News Source: HagertyImage Credit: Copyright 2014 Drew Phillips / AOL Aston Martin Ferrari Lamborghini Auctions Car Buying Performance Classics aston martin lagonda ferrari 250 gto Lamborghini Countach collector cars 1962 ferrari 250 gto auto auction

LeTV's SEE Project will introduce new EV in Shanghai

It's very unlikely that many people here in the states will have heard of Beijing-based LeTV. Aston Martin, on the other hand? That's pretty stylish company. LeTV is working on an electric-vehicle project called SEE (Super Electric Eco-system). The concept version is slated to debut at the Shanghai Motor Show next April. LeTV says that that same month, the car will "roll of the production line," as well. That sounds awfully optimistic, to us, but we'll just leave that alone for now. The racing-car-shaped vehicle, which will have "high- and low-powered" versions, is about 11'5" long and 5'4" wide. That's about a foot shorter and a few inches narrower than a Mini Cooper. The twist, such as it is, comes from the fact that LeTV says it will develop the model with the help of both Aston Marin and BAIC Motor Corp., which adds a shade of legitimacy to the project. Aston Martin is in the process of launching its battery-electric Rapide sedan, which will have 800 horsepower and a 200-mile single-charge range, so that would ostensibly be a competitor to Tesla. The Rapide EV could run as much as $250,000. As for BAIC, is has been looking to expand its role in the plug-in vehicle sector since 2009, when it debuted a division called Beijing New Energy Automotive Co. Just last month, BAIC opened an electric-vehicle research and development center in California's Silicon Valley, the company's first outside China. You can take a look at LeTV's press release below. LeTV Partners With Aston Martin to Deliver Next Generation Electric Vehicles BEIJING and BANGALORE, October 6, 2015 /PRNewswire/ -- The most significant (monetarily) deal that came out of Angela Merkel's visit to India was that of a Euro 1 billion solar power fund solidifying India's stance to develop 100GW solar capacity by 2022. These are positive moves in a time when the focus on the effects of climate change are intensifying and how economies across the globe decide to combat the effects of it. One particular way in which India could benefit hugely from alternative fuels is from the perspective of vehicles. The nation recently joined the Electric Vehicles Initiative, a forum for global cooperation on the development and deployment of Electric Vehicles (EVs). With an interest in the Indian market, LeTV, a multinational company based in Beijing, announced its electric car plan on December 9th, 2014, when its founder, Mr.

Aston Martin Victor is a one-off Q build inspired by the original V8 Vantage

Aston Martin’s Q division should be taken very seriously. It just turned out this stunning one-off custom model named the Aston Martin Victor. The Victor is based on a One-77, and itÂ’s the biggest project Q has ever taken on. Aston used the V8 Vantage of the 1970s and 1980s as the design inspiration for the Victor, making it look like a resto-mod Aston Martin. We dig it, a lot. The styling is massively different than a One-77 from front to back, as Aston has gone over every surface of this car. Our favorite highlights include the round headlights, Vulcan-inspired taillights, and boattail rear with its massive, upturned spoiler. It walks the Aston line of being beautiful and aggressive at the same time, with the emphasis on aggression in this build. The paint is called Pentland Green, and itÂ’s complemented by a whole lot of satin carbon fiber. The carbon-fiber monocoque chassis is adapted from the One-77. However, the new carbon-fiber body weighs less than that of the original One-77. Under the sculpted hood sits a 7.3-liter V12. ItÂ’s also from a One-77, but itÂ’s been heavily breathed upon by Cosworth. Output is bumped up to 836 horsepower and 606 pound-feet of torque, increases of 86 and 53 respectively. And then thereÂ’s the transmission. Aston converted it to a genuine three-pedal six-speed manual. The gearbox comes courtesy of Graziano. It requires new twin coolers to handle the heat and a motorsport clutch to handle the torque.  Shifting is done with a solid walnut knob, and itÂ’s simply beautiful. Forest Green “Conker Bridge of Weir” leather covers the cabin where you donÂ’t see exposed carbon fiber. Cashmere is used for the headliner, while anodized aluminum and polished titanium serve in concert with walnut wood for the interior trim. Yeah, it was probably extremely expensive. This car should handle spectacularly well, too. It uses the same inboard dampers and springs as the Vulcan, allowing for six settings of aggression. Aston says it was tuned to ride well on the street in addition to a racetrack — after all, it is road legal. Center-lock wheels are fitted, and six-piston Brembo brakes with carbon-ceramic rotors sit within them. Aston says it produces even more downforce than a Vantage GT4 racecar, so itÂ’s a serious track monster. We donÂ’t know how much it costs, but whoever commissioned the build is certainly extravagantly rich. Related video: