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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.

Watch a Bentley Continental GT Speed hit 206 mph in Australia

The top speed listed on most cars is usually a rather theoretical affair. After all, where can you actually drive a car to its v-max, anyway? Well there are a few highways in the world – and really only a few – that will let you drive as fast as you can. One of them is in the Australian outback, so that's where Bentley took its new Continental GT Speed. The road in question is called the Stuart Highway. It's a 1,761-mile road which runs across the continent from Darwin in the north to Port Augusta in the south. That's about the same distance as driving from New York to Denver. Only unlike any of the highways you'd take to drive across America, the Stuart Highway has one long stretch of 120 miles between Alice Springs and Barrow Creek that is completely derestricted, and has been for the past two years since local authorities set about trying out removing the speed limit. To see how fast the new GT Speed could actually go in the real world, Bentley put Aussie touring car champion John Bowe behind the wheel and let 'er rip. The result is a top speed clocked at 206 miles per hour. That's pretty darn fast for any car, let alone one that weighs a massive 5,000 pounds. Its 6.0-liter twin-turbo W12 engine contributes significantly to that curb weight, but with 626 horsepower and 607 pound-feet of torque on tap, it also has the muscle to keep the Conti pulling like a freight train all the way up past the double-century mark. Watch it unfold in the video above. BENTLEY CONTINENTAL GT SPEED: VMAX IN THE OUTBACK - Continental GT Speed hits 206 mph (331 km/h) top speed on Stuart Highway, Australia - Northern Territory route one of only three derestricted roads in the world - Australian racing legend, John Bowe, takes Grand Tourer on extraordinary high-speed run - Continental GT Speed combines supercar performance with supreme luxury (Crewe, 04 November 2015) The 16MY Bentley Continental GT Speed has been taken to its top speed of 206 mph (331 km/h)* by Australian racing legend, John Bowe, on the derestricted Stuart Highway** deep in the Northern territory. The 635 PS (626 bhp), 820 Nm (607 lb.ft) W12-powered GT Speed Grand Tourer reached Vmax in just 76 seconds, covering a distance of 9.4 kilometres in the process. At top speed, the 6.0-litre twin-turbo Grand Tourer was covering a staggering 92 metres (or one football pitch) per second. John Bowe said: "This isn't a modified racecar; it's a luxurious grand touring road car fresh off the production line.

Queen Elizabeth II was a longtime automotive enthusiast

Since driver's licenses, license plates, and passports were issued in her own name, Queen Elizabeth II didn't need them to drive and travel. She started combining the two just before she turned 19, joining the Auxiliary Territorial Service (ATS) transport division in 1945 for vehicle mechanic training. She wanted to help the British effort during World War II and would drive an ambulance — one that, theoretically, she could also fix if it broke down. The war ended before she graduated as an Honorary Junior Commander, the other ATS members dubbing her Princess Auto Mechanic. We donÂ’t know if she got under the hoods of the many official state vehicles and the far more numerous unofficial fleet in the royal garages, but she was still driving herself around England as late as this year. Here is a tiny selection of royal conveyances used during her 70-year reign. Gold State Coach (1762) True, she never drove this one, but a tour of every royal garage should start with the coach. King George III commissioned Samuel Butler to build it in 1760. Butler spent two years on the gilded carriage 24 feet long and more than 12 feet high. The quarters are suspended from the frame by leather straps, so occupants get tossed about even during a slow stroll, which is as fast as the eight Windsor Gray horses can pull it. It wasnÂ’t until the 1900s that King George VI rubberized the wooden wheels. Word is the queen didnÂ’t like it.   1953 Land Rover Series 1 Land Rover gave Queen ElizabethÂ’s father, King George VI, the 100th example of the 80 Series off the line in 1948. She picked up the Landie habit for herself five years later, when a 1953 Series 1 with a custom 86-inch wheelbase was part of the fleet used for her six-month tour of the Commonwealth in 1953 and 1954. That Land Rover became Ceremonial Vehicle State IV. The models above were built in Australia in 1958 as near copies of the Commonwealth tour vehicle, when Australia decided it wanted six identical versions for royal service. ItÂ’s thought the royal family went through around 30 Land Rover Series cars and Defenders since then, and many of the most common photos of her have her posing in or near one, especially the 2002 Defender built just for her. The royal family isnÂ’t finished with them, either: A current Defender 110 served as a luggage hauler for family members headed to Balmoral Castle during the queenÂ’s final days.