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McLaren boosts sales by 99 percent in 2016, moves 3,286 cars

McLaren has been on a roll both critically and commercially since it returned to the road-car business in 2011. The MP4-12C was followed by the 650S, 720S, and the nearly unequalled P1. Sales have been up, and 2016 was the automaker's most successful year ever, moving 3,286 cars into customer hands. That's a 99 percent increase over 2015, and with 1,500 pre-orders for the 720S, 2017 is looking even better. The big news is McLaren's fourth consecutive year of profitability in just six years. News for the automaker looks good on all fronts (the struggling Formula 1 team is run separately). McLaren added 114 employees in 2016, raising the staff count to 1,606. Sales revenue is up 44 percent to $843.6 million with an $11.9 million profit. Like with sales numbers, things are looking good for 2017. McLaren Special Operations, the bespoke group behind cars like the MSO HS and the 720S Velocity, grew by 147 percent over 2015. Sales of the 570S and 570GT Sport Series totaled 2,031 cars. The addition of the new 570S Spider should only help matters. North America was the largest region for McLaren, with a total 1,139 cars coming across the Atlantic. For such a young company, this is all good news. Yes, McLaren has been around for decades in one form or another, but success like this is still surprising. Many automakers have grand ambitions to build world-class sports cars, but few are ever truly successful. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: McLaren Earnings/Financials McLaren mclaren automotive mclaren 720s mclaren 570s spider

Lease a McLaren for the low, low price of...

In the HBO series Ballers, former-NFLer-turned-financial-manager Spencer Strasmore, played by Dwayne "The Rock" Johnson, warns younger players against the dangers of big purchases. "Never buy a depreciating asset," Strasmore admonishes, adding "If it drives, flies, [or] floats... lease it!" It's a prescient moment then, when one of The Rock's young charges ends up behind the wheel of a McLaren. Fast forward to today (and real life), when the British company inked a financing deal with Ally Financial, which will include lease deals on the new 570S "for as low as $2,200 per month." Alongside the $184,900 570S, potential owners will be given the chance to snag the $269,500 650S as part of the new closed-end lease program. It should be noted, international readers, that this new program is limited to US McLaren customers. "We are thrilled to announce the addition of leasing to our purchasing options, and fulfill what has been a regular request from our customers and dealers since we first set up US operations in 2011. Ally Financial has been a wonderful partner to develop this bespoke program with, and we are excited to launch it today," McLaren North America president Anthony Joseph said in the attached release. We're sure the NFL's players and their macho financial advisors are excited too, Mr. Joseph. McLAREN NORTH AMERICA AND ALLY FINANCIAL ANNOUNCE FINANCING RELATIONSHIP Program Offers Competitive Leases to Customers Purchasing New McLaren 570S and 650S Models NEW YORK, NY (January 4, 2016) – McLaren Automotive North America and Ally Financial announced today a new preferred financing relationship, which includes the availability of retail financing and competitive leasing options for McLaren's two best-selling models, the McLaren 570S and 650S. McLaren and Ally worked together over several months to develop this bespoke program for the unique McLaren client base. Retail financing and closed-end leases are available to qualified customers immediately throughout the entire U.S. McLaren dealer network. "We are thrilled to announce the addition of leasing to our purchasing options, and fulfill what has been a regular request from our customers and dealers since we first set up U.S. operations in 2011. Ally Financial has been a wonderful partner to develop this bespoke program with, and we are excited to launch it today," said Anthony Joseph, President of McLaren North America.

2016 British Grand Prix kept mostly calm and carried on

Three bursts of chaos decided the course of the British Grand Prix. The first was a literal cloudburst a dozen minutes before the race, which poured water on the Silverstone Circuit while drivers sat on the grid. Six minutes before the lights-out, the race director decided to start the race behind the Safety Car. The field loped around the wet track for five laps. When the Safety Car pulled off, the three leaders – Mercedes-AMG Petronas' Lewis Hamilton, followed by teammate Nico Rosberg and Red Bull's Max Verstappen – stayed out. Behind them, the second chaotic moment occurred: a big group of drivers made pit stops for intermediate tires. When Manor's Pascal Wehrlein spun at Turn 1 on Lap 7, officials issued a Virtual Safety Car. With the rest of the field slowed down, the three leaders ducked into the pits on Lap 8 for intermediates. The fortuitous timing meant all three drivers rejoined the track in their original positions. By Lap 9, with racing resumed, Hamilton had a 4.9-second lead on Rosberg. From that point, even as the track dried, no one bothered Hamilton during what one commentator called "a measured drive." The Brit won his home grand prix, taking the checkered flag seven seconds ahead of Rosberg. Rosberg had to earn second place on track. The German's car didn't respond well to the intermediate tires, so Verstappen excecuted an outstanding pass on Rosberg on the outside through Chapel on Lap 16. After everyone switched to slicks, Rosberg's Mercedes reclaimed its mojo and the German hunted Verstappen down, passing the Dutchman on Lap 38. The final touch of chaos happened when Rosberg's gearbox threw a tantrum on Lap 47 of the 52-lap race. Rosberg radioed his engineer, "Gearbox problem!" His engineer replied, "Affirm. Chassis default zero one. Avoid seventh gear, Nico." The race stewards allowed the engineer's first two statements, but stewards said the instruction about seventh gear contravened the rule that "the driver must drive the car alone and unaided." After the race, officials added ten seconds to Rosberg's time, demoting him to third behind Verstappen. Rosberg's is the first penalty arising from radio communication restrictions. Unsurprisingly, Mercedes will appeal. At this year's Baku race the radio controversy stemmed from engineers refusing to tell drivers what to do. Now we know what happens when the pit wall gets loose lips.