1985 Jaguar Xjs V12 Base Coupe 2-door 5.3l on 2040-cars

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Ferrari and Jaguar dominate the 2017 Arizona Auctions

The 2017 Arizona Auctions took place this past weekend, and one look at the results should be a reminder that big-name auto auctions are no place for mere mortals. Aside from the fast paced nature – seven auction houses moved 3,486 vehicles across the auction block – the rarest and most desirable cars sold for more than most people will make in a lifetime. There were around 20 cars that sold for at least $1 million, with Bonhams topping the list with a $7,370,000 1963 Jaguar E-Type Lightweight. Despite $259.8 million in sales, Hagerty reports that 2017 was only the second biggest weekend in the Arizona auction's long history. The figure was up $9 million from 2016's total, but much of that increase can be attributed to the 12-percent increase in the total number of cars auctioned. The average selling price was $89,601, with the vast majority of vehicles selling for less than $100,000. Aside from the 1963 Jaguar E-Type, there were a number of rare and noteworthy vehicles for up for grabs. RM Sotheby's $6,600,000 1939 Mercedes-Benz 540K Special Roadster was the runner-up in value, followed closely by a $6,380,000 1952 Ferrari 340 America Competizione Spider from Bonhams. The various top-10 lists were awash with Ferraris and other European automakers, though much of the lower-end sales were populated by classic American autos. Most of the top sellers were built before 1970, though the occasional newer model (1995 Ferrari F50, 2005 Porsche Carrera GT, 2006 Ford GT) made it through. Based on 2017's overall theme, it appears that interest on cars from American automakers is on the rise. Hagerty notes that a number of 1980s American sports cars like the Chevrolet Corvette and Pontiac Firebird did surprisingly well. Look for the 2018 auctions to see if the momentum continues. Related Video:

Watch the Jaguar F-Pace set a Guinness World Record for looping

On a chilly gray night in Germany, Jaguar officially leapt into the crossover segment. But it also reminded everyone its brand of grocery-getter will be anything but conventional. The 2017 F-Pace, which will launch next spring in the United States, debuted Monday evening at a glitzy event before the Frankfurt Motor Show. Rather than simply tear the cover off the car (you can watch that below), Jaguar sent a specially-prepped F-Pace blasting up a 63-foot-tall loop, setting a Guinness World Record in the process. Driven by British stunt driver Terry Grant, Jaguar said the F-Pace stood up against 6.5 Gs of gravity during the display. The stunt was meant to illustrate the F-Pace's poise, agility, and athletic nature. In fact, Jaguar is calling the vehicle the "ultimate practical sports car," instead of dwelling on the fact it's an SUV. Based on Jaguar's lightweight aluminum architecture, the F-Pace will arrive in America next year with two V6 engines rated at 340 horsepower or 380 hp. A new 2.0-liter diesel engine will join the lineup next fall, and serve as the entry-level model. It starts at $41,985. Related Video:

Jaguar Land Rover may build factory in Saudi Arabia

The Middle East is one of the fastest-growing markets for Land Rover, so it makes sense that the automaker is looking to set up shop in the region. According to Automotive News, Jaguar Land Rover is in talks with the people of Saudi Arabia to build a factory in the country at an expected initial cost of $1.2 billion. Still in the early stage of talks, the proposed facility could start up by 2017 using locally sourced materials such as steel and aluminum.
Such an arrangement could be beneficial for both entities as Saudi Arabia looks to diversify its oil-reliant economy and Land Rover could get local production capacity of around 50,000 units. The report also says that the agreement talks about the possibility for Jaguar models to be built at the same plant further down the road.
This won't be the first vehicle produced in Saudi Arabia - that honor goes to the KSU Gazal-1 - but it will be the first from a major global automaker.