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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.

Chinese automaker readies a Lamborghini Urus fake

Do you love the absurd angular looks of the Lamborghini Urus, but don't have anywhere near the $200,000 needed to buy one? We have good news, then. A Chinese automaker is building a knockoff that costs about a tenth the price. Of course, you'll probably have to go to China to own and drive it. According to carnewschina.com, the vehicle in question comes from Huansu, one of several brands under major Chinese automaker BAIC. The company's name translates to "Magic Speed" according to the news outlet, as well as a Google translated version of PCAuto, a Chinese car news website. The model name is reportedly called C60, but it also has the name Hyosow on the back. It certainly hits the design on the head. Or at least 90 percent of the head. The silhouette of the grille is nearly identical, but it picks up a quartet of LED foglights on each side. The massive hexagons in the Lamborghini's grille are replaced with slats. The headlights are similar with individual LEDs, but the shape is much simpler. Continuing around the side, the Lambo's triangular fender vents have morphed into something that looks more like a shovel. The doppelganger lacks some of the sharp creases of the Italian car, and the resemblance really starts falling apart at the back. The large taillights of the Huansu have some of the angular lighting designs of the Lamborghini, but they aren't nearly as striking as the Lambo's narrow elements. There aren't any big vents, and the diffuser is far more boring on the Huansu. All that being said, though, this sucker is a blatant knockoff, regardless of how accurate it is or isn't. Despite a name like "Magic Speed," we don't expect this C60 Hyosow will have much of it, since it will reportedly have just a 2.0-liter turbocharged four-cylinder making 195 horsepower. At least it will be practical, housing between 5 and 7 people depending on how it's equipped. And of course, it's way cheaper. Converting Car News China's price estimate to U.S. dollars, the Huansu will only cost between $15,000 and $24,000. It may be a shameless knockoff, but we have to admit it probably isn't going to cost Lamborghini sales. People with Toyota Corolla money aren't on the verge of buying a supercar anytime soon. The official reveal of the SUV will be on June 6 at the Chongqing auto show, according to PCAuto. Related Video: News Source: China Car News, PCAuto Lamborghini Crossover SUV chinese copy

Autoblog's Editors' Picks: Our complete list of the best new vehicles

It's not easy to earn an “EditorsÂ’ Picks” at Autoblog as part of the rating and review process that every new vehicle goes through. Our editors have been at it a long time, which means weÂ’ve driven and reviewed virtually every new car you can go buy on the dealer lot. There are disagreements, of course, and all vehicles have their strengths and weaknesses, but this list features what we think are the best new vehicles chosen by Autoblog editors. We started this formal review process back in 2018, so there's quite of few of them now. So what does it mean to be an EditorsÂ’ Pick? In short, it means itÂ’s a car that we can highly recommend purchasing. There may be one, multiple, or even zero vehicles in any given segment that we give the green light to. What really matters is that itÂ’s a vehicle that weÂ’d tell a friend or family member to go buy if theyÂ’re considering it, because itÂ’s a very good car. The best way to use this list is is with the navigation links below. Click on a segment, and you'll quickly arrive at the top rated pickup truck or SUV, for example. Use the back button to return to these links and search in another segment, like sedans. If youÂ’ve been keeping up with our monthly series of the latest vehicles to earn EditorsÂ’ Pick status, youÂ’re likely going to be familiar with this list already. If not, welcome to the complete list that weÂ’ll be keeping updated as vehicles enter (and others perhaps exit) the good graces of our editorial team. We rate a new car — giving it a numerical score out of 10 — every time thereÂ’s a significant refresh or if it happens to be an all-new model. Any given vehicle may be impressive on a first drive, but we wait until itÂ’s in the hands of our editors to put it through the same type of testing as every other vehicle that rolls through our test fleet before giving it the EditorsÂ’ Pick badge. This ensures consistency and allows more voices to be heard on each individual model. And just so you donÂ’t think weÂ’ve skipped trims or variants of a model, we hand out the EditorsÂ’ Pick based on the overarching model to keep things consistent. So, when you read that the 3 Series is an EditorsÂ’ Pick, yes, that includes the 330i to the M3 and all the variants in between. If thereÂ’s a particular version of that car we vehemently disagree with, we make sure to call that out.