Only 11,455 Miles, Wonderful Black Paint, Soft Tan Leather, Recent Service on 2040-cars

Auto blog

Ferrari names new F1 car F138

Don't call it the F150. Ferrari has officially announced it will name its newest Formula One car the F138. The machine is the 59th car Ferrari has built to compete in F1, and it's also the last of the company's F1 efforts to rely on a high-strung V8 for propulsion. F1 rules have changed for next year, forcing competitors to use smaller cylinder counts to get around the track. Ferrari has already said it will use a 1.6-liter turbocharged V6 to do its dirty work. That moves brings an end to the eight-year reign the V8 enjoyed.
Ferrari isn't saying much more about the 2013 car, and the only image we have to go on at the moment is the logo you see above. Stay tuned for more information, and in the interim, be sure to check out the painfully brief press release below.

Second day of RM's Monterey auction continues the million dollar madness

RM Auctions' two-day event during the Monterey car week is pretty much a matter of appetizer and main course. Friday night's appetizer saw a trio of multi-million-dollar Ferraris, along with a pre-war Mercedes-Benz and a Jaguar D-Type. You can read all about those beauties right here. But as we said in that post, the action would really happen on Saturday night. The prices listed below include RM's ten-percent commission fee, and, as you'll see, the auction house did pretty well for itself.
We've already told you about the $27.5 million winning bid for the 1967 Ferrari 275 GTB/4 NART Spyder, with all the profits headed to charity. While there were more seven-figure winners on night two, the overall prices weren't quit as high as we saw on Friday night. The Ferrari F50 (pictured above) shown during the car's Geneva debut back in the 1990s and with only 1,100 miles on the clock took $1,677,500 (on a $1.25 to $1.6 million estimate). Another winner was a 1935 Hispano-Suiza K6 Cabriolet, which brought in $2,255,000 on a $1.5 to $2 million estimate. A 1974 McLaren M16C Indianapolis, the race winner of the 1974 Indy 500, brought home $3.52 million, essentially doubling its expected price of $1.25 to $1.75 million.
The night wasn't a success for everybody, though. The 1928 Mercedes-Benz 680S Torpedo Roadster, which took Best In Show at the 2012 Pebble Beach Concours d'Elegance failed to reach its $10-million expectations, selling for $8.25 million. That's not peanuts by any stretch, but a car that only goes for about 80 percent of its expected price isn't something to be enthusiastic about. A 1960 Maserati Tipo 61 Birdcage, which was expected to go for $3 to $4 million only took in $2,090,000.

FIA approves new F1 elimination qualifying rules

The FIA has confirmed the new regulations for Formula 1's elimination qualifying, after the rules cleared the final approval for introduction on Thursday. As Motorsport.com revealed, the F1 Commission unanimously approved changes to the sport's Sporting Regulations that will result in a tweak to the qualifying format from the season opening race in Australia. It came despite concerns that Ferrari could opt to block the change, amid its skepticism about the benefits of moving away from the previous qualifying format that had proved popular. With the changes approved, the new rules have now been declared official in changes to Article 33 of F1's Sporting Regulations. The new rules are: a) From 14.00 to 14.16 (Q1) all cars will be permitted on the track. Seven minutes after the start of the session the driver last in the classification will be eliminated and will no longer be timed, he must then return to the pit lane and may take no further part in the qualifying practice session. The same procedure will then apply after 8m30s, 10m0s, 11m30s, 13m0s and 14m30s leaving sixteen cars eligible to continue. At the end of the session all drivers on the track may complete the lap they are on and, once these final laps have been completed, the driver last in the classification may take no further part in the qualifying practice session. Lap times achieved by the fifteen remaining cars will then be deleted. b) From 14.24 to 14.39 (Q2) the fifteen remaining cars will be permitted on the track. Six minutes after the start of the session the driver last in the classification will be eliminated and will no longer be timed, he must then return to the pit lane and may take no further part in the qualifying practice session. The same procedure will then apply after 7m30s, 9m0s, 10m30s, 12m0s and 13m30s leaving nine cars eligible to continue. At the end of the session all drivers on the track may complete the lap they are on and, once these final laps have been completed, the driver last in the classification may take no further part in the qualifying practice session. Lap times achieved by the eight remaining cars will then be deleted. c) From 14.46 to 15.00 (Q3) the eight remaining cars will be permitted on the track. Five minutes after the start of the session the driver last in the classification will be eliminated and will no longer be timed, he must then return to the pit lane and may take no further part in the qualifying practice session.