Rare Se #246 Of 250!+nav+camera+callisto Whls+clear Bonnet+power Heated Seats on 2040-cars

Auto blog

Last Lamborghini Diablo of the 20th century heads to auction

Even among rare sports cars, some examples are simply more special than others because of their place in history, and for Lamborghini fans this 1999 Diablo SV might be something truly exceptional. Silverstone Auctions claims this is the final Diablo SV and arguably the last "true" Lambo before Volkswagen Group's complete takeover. This Diablo SV left the factory on December 21, 1999, which made it the final Lamborghini of the 20th century. At that point, VW Group already had financial control over the Italian sportscar maker, but Silverstone Auctions claims the German company really asserted its power starting in 2000. Whether you want to consider this the final "true" Lamborghini or not, it's still a fantastic looking sports car. This right-hand drive example has covered about 32,200 miles and underwent a chassis and suspension restoration in 2013. Silverstone Auctions believes this is the only Diablo to wear this three-coat Pearl Red/Orange exterior color, and the interior upholstery is a mix of black leather and Alcantara. Silverstone Auctions will sell the Diablo at the Practical Classics Restoration and Classic Car Show in Birmingham, England, on March 6. The company expects the sportscar to sell for 150,000 to 170,000 pounds ($218,000 to $247,000 at current rates). We're curious to see if the car's place in Lamborghini history has any effect on the sale price. LAST 'TRUE' LAMBORGHINI FOR AUCTION A special 1999 Lamborghini Diablo SV, believed to be the very last Lamborghini to leave the Sant'Agata factory before Volkswagen took full ownership, will be auctioned at Silverstone Auctions' sale at the Practical Classics Restoration and Classic Car Show. An important piece of Lamborghini history, the car is also believed to be the last Diablo imported into the UK as well as the last Diablo SV off the production line. It is estimated at between GBP150,000 and GBP170,000 and will be offered in the sale taking place at the NEC, Birmingham on 6th March. 'V12 SVR' left the factory on the 21st of December in 1999 immediately before Lamborghini shut down for the Christmas break and their celebrations to mark the end of the Century. For the previous few months the Volkswagen Group had been in financial control of the company but the end of that year marked a turning point. From the beginning of 2000 Teutonic efficiency began to replace the magic of Italy in terms of the bloodline, style and general madness of the Italian supercars.

$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

Lamborghini CEO says Urus headed to production

It's only a matter of time before Lamborghini is cleared to start producing the Urus sport utility vehicle, and, according to CEO Stephan Winkelmann, that time is expected to be soon, The Detroit News reports.
"We're going low profile now," Winkelmann says. "I can't tell you much on details now, but when we get close to the launch, we will have more." The CEO reportedly said earlier this year that the Urus would start production in 2017, which was backed up by earlier statements made by parent company Audi's CEO, Rupert Stadler, who told Autocar, "Lamborghini has to do it. Because of the need to dovetail into production cycles, we should see the Urus in 2017."
Lamborghini delayed production of the Urus a year ago due to Europe's economic climate while continuing to develop the SUV. But since then China, one of Lamborghini's largest emerging markets, has exhibited a slowdown of high-end luxury item purchases. Winkelmann now reportedly says the biggest opportunities are in "Japan, the Middle East and especially the US."