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Weekly Recap: Geneva's splendor reflects growing demand for ultra-luxury cars

Geneva is one of the most glittering auto shows in the world, but the list of high-powered and bespoke luxury cars was decadent this year even by the rich standards of the Swiss exhibition. It's great for enthusiasts to revel in the flame-throwing Aston Martin Vulcan, the racing-inspired elegance of the Bentley EXP 10 Speed 6 concept and the insane performance of the Lamborghini Aventador LP 750-4 Superveloce, but there's a reason for all of this opulence: the luxury market is big business. And it's growing. IHS Automotive forecasts that so-called ultra-premium sales will nearly triple this decade from 123,000 to 353,000 units around the world. The estimate includes brands like Aston Martin, Bentley, Ferrari and Rolls-Royce, but doesn't count BMW, Mercedes and Audi, which offer less expensive models in addition to their high-end flagships. Though IHS includes Porsche and its relatively large volume in the study, the ultra-premium segment is still set grow at about the same rate, even without the German automaker's figures. So what is propelling all of this growth in the most expensive segment of the auto industry? Put simply, there's more rich people. IHS Automotive principal analyst Tim Urquhart pointed to economic expansion in China, market recovery in the United States and a surge in the lucrative technology sector as contributing factors. This dovetails with a research report by UK-based Oxfam, an international relief organization, which found the world's richest one-percent owned 48 percent of global wealth in 2014, and it's expected to increase to more than 50 percent by 2016. View 17 Photos Carmakers are moving quickly to capitalize with new products, expanding their portfolios with low-volume speedsters like the 800-hp V12 Vulcan at Geneva, and plans to enter new segments, like Rolls-Royce's strategy to make an SUV. "Ultra-premium carmakers are looking to explore ways of growing their product offerings, and thus their bottom lines, in this most potentially profitable of segments," Urquhart wrote in a report on the Geneva show. In a nutshell, there are more choices for people with more money. It's a good time to have expensive taste. Other News & Notes 2016 Mazda MX-5 Miata production launches It won't be long now. The 2016 Mazda MX-5 Miata arrives later this year, and it's officially in production. Mazda announced this week that the roadster began rolling off the assembly line at its Ujina factory in Hiroshima, Japan.

2012 Pebble Beach Concept Car Lawn offers a tutorial in cars to come

The Pebble Beach Concours d'Elegance is a showcase for some of the world's most exquisite vintage vehicles, but if newer metal is more your speed, the Concept Car Lawn is the place to be.
This year saw models from Bugatti, Lamborghini, Aston Martin, McLaren and Bentley as well as SRT, Hennessey, Infiniti and Lexus among others. The ultimate sampler platter of exotic and concept vehicles saw the Bugatti Veyron 16.4 Grand Sport Vitesse mingle with the Lamborghini Urus Concept and the mighty Hennessey Venom GT, though we found ourselves particularly smitten with the BMW Zagato Roadster and the Aston Martin Vanquish.
Not that we could go wrong anywhere we looked. The 2013 Bentley Continental GT Speed seemed perfectly content parked on the manicured putting green, as did the McLaren MP4-12C Spider. Get cozy with the full gallery below to see the smattering of metal on the lawn.

Aston Martin teases extreme Vantage GT3 for Geneva

Aston Martin's Vantage range has been on the market for ten long years, dating back to the Ford era and making it just a bit younger than the DB9, but still ripe for replacement. And that's just what Aston Martin has in store, with a new platform under development and a new engine deal with Mercedes-AMG. But before a replacement arrives, the British automaker will send off the current Vantage with what promises to be its most extreme version yet. First mooted over a year ago and spied more recently undergoing testing at the Nurburgring, Aston has now released this teaser video announcing the upcoming debut of the Vantage GT3 to bridge the gap between the top-of-the-line V12 Vantage S road car and the competition-spec V12 Vantage GT3. As such, we're expecting it to pack the company's ubiquitous 6.0-liter V12 engine, likely with some upgrades: what produced 510 horsepower in the previous V12 Vantage and 565 hp in the newer V12 Vantage S is likely to nudge the 600-hp mark in the GT3. Along with the expected power upgrade, we can look forward to all the usual suspects: more extreme aero and cooling, upgrades suspension, brakes and rolling stock, a stripped-out cockpit and more. The Vantage GT3 is confirmed to debut at the Geneva Motor Show this coming March.