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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.

Lamborghini restores ultra-rare one-off Miura SVR

This is the one-of-one Lamborghini Miura SVR. It's a racing development of the already rare Miura SVJ, and its 19-month factory restoration has just been completed. It could very well be the most desirable Miura ever built. The SVR is one of 763 Lamborghini Miuras built by the factory between 1966 and 1972. In addition to "regular" Miuras, there was a limited-number run of "Jota" specification cars, or SVJs, developed by factory test driver Bob Wallace. The specific car here was originally a green Miura S with the chassis number #3781, built in 1968 and displayed at the Turin Motor Show. In 1974, it was acquired by a German customer, who brought it back to the factory to be reborn for the first time. During that 18-month rebuild, it was converted into special, created-for-the-occasion SVR spec, a notch above the vaunted 440-horsepower SVJ cars. In 1978, #3781 was sold to Japan, where it became an actual hero car, making it into manga comics and serving as a basis for toymaker Kyosho's SVR model car line. It certainly takes something for a single car to be so breathtaking that it creates its own niche and following. After 40 years, the SVR was deemed to need restoration, and it arrived to the factory already in pieces. It wasn't a rotten shell, as it was sold as a complete car in Japan in 2015; however, the gold leather interior seen in this Petrolicious post didn't make it to 2018. The head of Lamborghini's factory restoration division Polo Storico, Paolo Gabrielli, says that the factory wasn't really able to use the same approach as Polo Storico restorations usually require. "The original production sheet wasn't of much help, as we relied mostly on the specifications from the 1974 modifications," said Gabrielli. The only ways where the restored SVR differs from the original 1974 build is that it now has 4-point safety belts, better racing seats and a removable roll bar, as the car sees race track use and these modifications were requested by the car's current owner for safety's sake. Now that it's finally finished, #3781 was shown at the Nakayama Circuit in Japan. Related Video:

Leno hops behind the wheel of Adam Carolla's 1968 Lamborghini Islero

The Last time Adam Carolla was on Jay Leno's Garage with his 1966 Ferrari 330 GT 2+2, the vintage Italian ran out of gas while out on the drive. Leno has found endless humor in this since, and continues to rib Carolla about not driving his cars enough. With the famous comedian and podcaster's return to JLG, he has switched Italian supercar brands to show off his recently restored 1968 Lamborghini Islero. One of just 125 made, the Islero is a rare piece of Lambo history. The styling is a bit of a departure from the brand's early GTs with a more angular shape and pop-up headlights. The rear is also especially beautiful, with four exhaust outlets poking out like stingers. Underneath the hood is the Italian brand's famous and aesthetically beautiful V12 with four liters of displacement. Take a short ride in this sports coupe and listen to Leno's constant needling of Carolla right up until the very end.