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Mercedes driver Lewis Hamilton buys LaFerrari

Lewis Hamilton has driven some of the fastest cars ever devised, like the McLaren MP4-23 with which he won the 2008 Formula One World Championship, the Mercedes W05 with which he won the title last year, and the new W06 he drove to the checkered flag in the season opener earlier this month. But what does he drive in his spare time? According to the latest reports quoting his boss Toto Wolff, the reigning champ celebrated his win at the Australian Grand Prix by ordering a new LaFerrari. The seven-figure, 950-horsepower hybrid hypercar may be made by a rival manufacturer to the team for which he drives, but then his employers at Mercedes don't (for the time being at least) build anything that competes in the segment – unlike his former employers at McLaren that offer the similarly potent P1. Something tells us he won't be invited to drive it at Fiorano, though - which is something his rivals Fernando Alonso, Kimi Raikkonen and Sebastian Vettel have all had the chance to do. Hamilton has a long-established penchant for driving twelve-cylinder exotic supercars in his spare time. At his previous place of work, he was promised an exceedingly rare McLaren F1 LM – valued at some $4 million – but only if he won three world titles for the Woking-based team. He also owns a Pagani Zonda that was made specifically for him with a 760-horsepower engine (supplied, naturally, by Mercedes) and a six-speed manual – complete with a clutch pedal, which (apart from starting off the line) is something he doesn't usually get to operate during working hours. Related Video:

2016 Mercedes GLE Coupe priced from $66,025

The folks at Mercedes-Benz are really keeping busy this year with the launch of a host of new products. Among them are a slate of crossovers, including the GLC and GLE-Class. While pricing for those two have already been revealed, the company has finally decided to spill the beans about the cost for the more rakish GLE Coupe. The 362-horepower, 2016 GLE450 AMG Coupe runs $66,025 after the obligatory $925 destination charge on all of MB's vehicles for the model year. That model comes with all-wheel drive, a nine-speed automatic, plus a heap of luxurious standard features. If you want more power, the 577-hp Mercedes-AMG GLE63 S costs $110,225 and includes a more aggressive exterior and Nappa leather interior. Both versions of the German brand's fastback, four-door CUVs arrive at dealers in August. If you're interested, Autoblog has already published full driving impressions for the whole GLE-Class family. While the GLE Coupe is among the newest members of the Mercedes lineup, the G-Class, one of the company's oldest, is seeing some improvements, too. The G550 for $120,825 now benefits from the C63 AMG-derived 4.0-liter V8 making 416 hp and 450 lb-ft, which are gains of 34 hp and 59 lb-ft over the outgoing V8. The SUV also gets styling tweaks, like revised bumpers and larger fender flares. Meanwhile, the G63 AMG offers 563 hp and 560 lb-ft of torque (an extra 27 hp but the same torque as before) for $140,825. The 621-hp G65 AMG tops the range for $218,825. MERCEDES-BENZ ANNOUNCES ADDITIONAL 2016 MODEL YEAR PRICING AND PRODUCT UPDATES The unprecedented product offensive continues with a host of exciting new models August 04, 2015 - ATLANTA, Ga. -- Mercedes-Benz USA today announced pricing and product information for the GLC, G-Class, GLE (ML facelift), C450 AMG 4MATIC sedan, and GLE Coupe. This follows the 2016 Mercedes-Benz pricing and model year changes already announced in mid-June 2015. Arriving in dealerships in November 2015, the all-new GLC300 and GLC300 4MATIC represent a compelling new entry in a thriving SUV segment. With a starting MSRP of $38,950*(2WD) and $40,950* (4MATIC) respectively, the all-new GLC features a powerful 2.0 liter turbocharged inline 4 cylinder engine that generates 241hp and 273lb-ft of torque and a new 9-speed automatic transmission.

Luxury car brands scrambling to avoid a blue Christmas

DETROIT — When financial markets surge to new records, sales of luxury cars usually rise, too. Instead, October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating. Consumers have gradually shifted over to luxury sport utility vehicles from sedans in the past decade, but the trend — which has occurred in both the non-luxury and luxury sedan segments of the auto market — was particularly pronounced in October. Sales of Daimler AG's Mercedes-Benz S-Class, long a global benchmark for large, premium sedans, plunged 49 percent in October, and are down 24.8 percent for the year to date. General Motors' Cadillac brand said it sold just 779 of its CTS sedans in October. Demand for that car, designed to compete with German luxury sedans, is down nearly 33 percent for the year. "There's still a significant portion of the market that wants a car, but I'm sure there were people who preferred a horse to a car at one point." Cadillac's best-selling model this year is the XT5 compact SUV, which has more than doubled sales from a year ago. The shift within the luxury vehicle market away from sedans toward SUVs of all sizes is forcing some of the most prestigious brands to scramble to add SUV models to their lineups or boost SUV production to meet demand. "In the short term, there will be pressure to add (consumer) incentives, cut production or both," said Cox Automotive analyst Michelle Krebs. "And we just don't see an end in sight to this trend." The Dow Jones Industrial Average has been trading at all-time highs, usually a good sign for luxury sedans, but as major automakers reported new U.S. vehicle sales for October on Wednesday, sales for passenger cars continued their slide while luxury SUV and crossover sales rose again. According to Kelley Blue Book data, in 2007 luxury sedans made up 7.6 percent of U.S. new vehicle sales, while luxury SUVs made up 4.2 percent. Through September this year, luxury SUVs made up just over 7 percent of the market, compared with 4.9 percent for luxury sedans. In the short term, luxury brands could use holiday season sales promotions to clear slow-selling sedans off dealer lots, analysts said. Toyota's Lexus brand said on Wednesday it will launch its "December to Remember" year-end sales promotion for the 18th straight year.