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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

Maserati and Lamborghini pull out of Iran

Daimler is out, Toyota is out, Porsche is out, Hyundai, PSA Peugeot-Citroën are out and when it comes to selling cars in Iran, now Maserati and Lamborghini are out, too. The definitive pullouts of those last two automakers are said to be reactions to a press conference held by a group called United Against Nuclear Iran (UANI). The group highlights businesses that sell in both the US market and Iran, and works to get those businesses to choose one market or the other.
UANI said it had sent letters to Maserati and Lamborghini about their dealings in Iran, but that the letters went unanswered. Mark Wallace, head of UANI and a former US ambassador to the United Nations, held a press conference in October of last year that referenced the two companies. Apparently Lamborghini contacted Wallace just after the press conference and told him "they were out, they weren't doing any business in Iran anymore."
Discussions with Maserati then took place, and the Italian automaker said it had been out of Iran ever since Fiat announced it was leaving the country in May 2011. UANI said Maserati had been in talks with an Iranian distributor, however, and that distributor was continuing to use the Maserati name. The carmaker has since cut all ties with Iranian interests and has prevented its name from being used, adding that its new models will not be able to be sold there because they won't pass regulations the country's regulations.

Watch a 1,000 hp twin-turbo Lamborghini Huracan dyno run

AMS/Alpha Performance, known for their Audi R8 V10 Alpha 10 Twin Turbo package, have laid their eager hands on the Lamborghini Huracan. In this short and sweet video, the newly improved prototype Huracan struts its stuff on the dynamometer. Like the Audi, the Huracan also gains a pair of Garrett ball bearing turbos coupled with intercoolers, and the car has been built as a prototype of their stage one turbo system. It is virtually identical to the production version of AMS's twin turbo package for the Huracan, and the system has been devised to be a bolt-on system. The AMS package can be shipped out to anyone in the Alpha dealer network and installation has been made straightforward enough. "There is no hacking or cutting up the car", says Alpha's VP and lead engineer, Arne Toman. "It has been designed to be safe for the stock engine and transmission, and the only driveline improvement is an upgraded clutch pack which we include in the package." With pump gas, the Huracan TT Alpha 10 has a Veyron-baiting 1,000 horsepower, with the fuel system "maxed out" according to Arne. The Stage 2 setup, which will include forged engine internals, will go for 1,500 hp, while the third stage package dishes out more than 2,000 horsepower according to AMS. The prototype Huracan will run at the Gold Rush Rally next month, from Boston to Los Angeles. It should be a proper shakedown to prove the car's reliability, which is one aspect AMS Performance has been going for. Related Gallery AMS Alpha Lamborghini Huracan Twin Turbo Image Credit: AMS Performance Aftermarket Lamborghini Supercars Videos alpha