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New Zealand's Taupo circuit renamed after Bruce McLaren

New Zealand's most prominent racing circuit is being renamed after one of the country's most prominent racing drivers and constructors. That, of course, would be one Bruce McLaren, founder of the racing team and supercar manufacturer that bears his name, and an accomplished driver in his own right. Previously known as Taupo Motorsport Park (after the town where it's located), the Bruce McLaren Motorsport Park is the only circuit in New Zealand certified to FIA Grade 2. The complex started out as a shorter track of 0.87 miles, and was overhauled in 2006 to its current layout at the cost of over $8 million. It hosted A1GP races in 2007-09, and still brings in various touring car, GT, drifting, and superbike events. Current F1 driver and reigning Le Mans winner Nico Hulkenberg set the lap record around the circuit's 2.17 miles and 14 turns at 1:14.072 on his way to the checkered flag in 2007 A1GP race there and the championship title that season. The renaming of the circuit was undertaken with the blessing of Bruce's widow Patricia and daughter Amanda. Their late husband and father won four Formula One grands prix, the 24 Hours of Le Mans in 1968, and two Can-Am championships. And those are just his own personal achievements as a racing driver. The cars that bear his name have won 182 grands prix, eight F1 constructors' championships, and twelve drivers' championships, plus five consecutive Can-Am titles, three Indianapolis 500 victories, a Le Mans win in 1995, and a smattering of other accolades. Bruce McLaren sadly perished at the age of 32 in a Can-Am crash at Goodwood in 1970, but as you can plainly see, his name lives on as a veritable racing legend.

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.

McLaren's 10,000th car shows how close it is to catching up with Ferrari and Lamborghini

The move from Formula One to road-worthy production cars isn't an easy one. Just over five years since production on the MP4-12C began, McLaren completed production of its 10,000th car. Even more noteworthy, it took 42 months to build the first 5,000 cars but only 22 months to make it to 10,000. The automaker, which until 2011 had only built a single line of road-going cars, appears to be on a roll with more volume and more models hitting the streets every year. McLaren is set to nearly double its year-over year sales in 2016. The automaker sold 1,654 cars in 2015 and expects to hit 3,000 sales in 2016. While those are good sales number for a relatively new full-line supercar manufacturer, they're still short of the competition. Lamborghini had its best year ever in 2015 with 3,245 cars sold. Ferrari plans to expand production to 9,000 cars annually by 2019. McLaren may be able to compete with the big boys on the track, but it still has a ways to go before it can match their sales. The 10,000th car to roll off the line was a 570S wrapped in Ceramic Grey, a color from McLaren Special Operations. MSO is the division behind awesome cars like the 679-horsepower McLaren MSO HS. The car will be held by the company for its Heritage Collection. The McLaren Sport Series (540C, 570S, and 570GT) were a big boon toward boosting the company's output. An additional production line was built, doubling output from 10 to 20 cars per day. We hope McLaren can continue this growth, and we're looking forward to more new products like the upcoming three-seat F1 successor. We just wish they could come up with some better names. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.