2018 720s Performance on 2040-cars

Auto blog

Refreshed Seat Exeo looks even more like an Audi than before

What happens to German cars when they've outlived their lifecycles? Some die off like any other model line, but others get turned into more budget-oriented vehicles with new badges.
Take the old Mercedes-Benz E-Class, for example, whose platform was recycled into the Chrysler 300 and then, in turn, into the Dodge Challenger. Same with the old SLK that was turned into the Chrysler Crossfire. Volkswagen often continues producing its old vehicles after they've been replaced, offering them in markets like South America and Canada. But when the Audi A4 was replaced, it was transformed into a new flagship model for Seat.
The Exeo has only been on the market for three years, but the B7-generation A4 on which it's based (and by "based," we mean a few fresh body panels and some new badges) dates back to 2004. That's seven years ago, and that makes the Exeo a dated product. So Seat's toiled to keep it fresh by launching this facelifted model. But though you might think they'd have made it look less obviously like an Audi, to our eyes it looks like they've done precisely the opposite.

Oregonians use supercar collection to make sick children smile

Portland, Oregon couple Eric Peterson and his wife Amity own ten exotic cars and, said Amity, they "didn't want the cars to sit." Instead of the random track day or regular trips to Cars 'n' Coffee, they started a project called Dream Drives for Kids, which brings ill youngsters to the Peterson garage and takes them for a ride in the car of their choice. The couple aims to take a new kid for a ride every week. Portland's KGW news covered the project while a four-year-old named Gideon, who has a rare childhood melanoma, stopped by for a jaunt in a McLaren MP4-12C. And Gideon's a champ in his own right: the kid likes cars so much he would take Hot Wheels to other sick children in the ward, and he gave the Petersons a box of Hot Wheels gift sets to give to other children when they come for rides. You can watch the heartwarming segment in the video above. News Source: Eric Peterson via YouTube, Motor Authority McLaren Coupe Luxury Performance charity portland

Have McLaren F1 values topped out?

The McLaren F1 was a game-changer when it came out in the early 1990s, and it's still widely regarded as one of the finest supercars ever made. It's little wonder that values have been climbing in recent years. The question for collectors is now: Will prices keep rising, or have they reached their zenith? As recently as 2006, you could pick one up for less than $1 million: the database at classic car insurance firm Hagerty shows that an example in fair condition 10 years ago was worth around $700,000, while a top-notch, concours-ready specimen was valued at about $1.15 million. That seemed like a lot at the time, but just two years later, that range had skyrocketed to between $2.3 million and $3 million. Suddenly those 2006 prices seemed like a smart investment in hindsight, but after that initial jump, they stayed around that level for several more years before things started getting crazy. "Buyers over the last several years have been end users as opposed to speculators and they routinely drive and enjoy the cars." – Jonathan Klinger, Hagerty By the start of 2013, values had jumped to between $4.1 and 5.3 million. By the end of that year, they were up to between $6.5 and 8.9 million. And by the end of 2014, they had reached $7.9 million for one in fair condition, and over $10 million for a pristine example. But then things leveled out again. "Values have risen quickly," notes Jonathan Klinger, vice president at Hagerty, "but it isn't a bubble situation. Buyers over the last several years have been end users as opposed to speculators and they routinely drive and enjoy the cars." Sports Car Market records that the last F1 to change hands at auction was a 1998 model that RM Sotheby's sold for $13.75 million as part of the Pinnacle Portfolio in Monterey last summer. But that example had the rare best-of-both-worlds combination of the LM performance upgrades with the road-spec interior to make it stand out above the rest. Gooding & Company sold another F1 over the same weekend in 2013 for $8.47 million, but a year later, a seller refused a high bid of $10.75 million for a mint-condition example. "For the time being, we see a very stable market for F1s," says David Brynan, senior specialist at Gooding.