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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

Lamborghini's Lock out as American COO

It looks like Lamborghini is going to need a new executive to run its North American operations, as the man who's held the job until now has parted ways with the exotic automaker.
That man is Michael Lock, who has held the position of Chief Operating Officer at Automobile Lamborghini America LLC for nearly two years now. We don't know what the reasons are for his departure, or for that matter whether the departure was instigated by Lamborghini or Lock. However, Lamborghini's official notice released yesterday does state rather flatly: "as of today the collaboration with Michael Lock, COO of Automobili Lamborghini America, is terminated" even as it thanks the executive for his efforts and wishes him the best moving forward.
For the moment, Lock's post will be assumed by Thomas Felbermair, Commercial Director at Automobili Lamborghini, while site operations will be handled by Rene? Sueltzner, who is also in charge of after sales at Automobili Lamborghini America.

2016 Lamborghini Huracan LP 580-2 First Drive [w/video]

The most enjoyable – not necessarily the "best" or "fastest" – driving machines permit latitude with their exactitude, using ruthless precision to support a driver's personal style instead of smother it. Very few cars get it right. The Porsche 911 GT3 is one that does. Add the Lamborghini Huracan LP 580-2 – the new rear-wheel drive variant of the all-wheel drive Huracan LP 610-4 – to the short list. To get a sense of how the rear-drive car stacks up, let's revisit our impressions of the all-wheel version. We drove the LP 610-4 at Laguna Seca back in May for the brand's Intensivo driving school, and two idiosyncracies stood out. The first is that it ticked around corners like the second hand on a watch. That's great for an autocross, pivoting through cones like a Tron lightcycle. But on a circuit, you want the freedom to find your own best way to move the machine around the track, and the all-wheel-drive Huracan won't relent on its commitment to ultimate precision. You aim at grace but you get mechanics – a robot trying to follow your instructions for dancing the Tarantella. The second peculiarity was that it squirmed under heavy braking, coming down from triple-digit speeds into a hairpin like a bull shaking off a swarm of flies. The timed run from 0-62 miles per hour is just 0.2 seconds slower than the 610-4. The LP 580-2 is the prescription to cure both symptoms. As the name attests, output drops from 602 horsepower to 572 hp and torque is reduced from 413 pound-feet to 398 lb-ft, all of it sent to the rear wheels. The timed run from 0-62 miles per hour is just 0.2 seconds slower than the 610-4. No mere devaluation of potency, engineers remapped the 5.2-liter V10's power and torque delivery so it's different from the AWD version. Power delivery is further differentiated between the 580-2's manual and automatic shifting, and it feels more linear when you're working the paddles. You need a fetish for grilles to spot the variance between this car and the all-wheel drive version. Designers reworked the strakes on the lower front intake and removed the hexagonal mesh ornamentation, so you peer straight at radiators. The corners of a larger rear grille cut deeper into the bumper. The badge ahead of the rear wheels says, "LP 580-2." The standard 19-inch wheels are of a new design called "Kari." Those are the visual differences. The cabin is identical.