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Aston Martin brings impressive lineup of metal to Monterey
Fri, Aug 14 2015Aston Martin wins the manufacturer's round of Show and Tell on Thursday at Pebble Beach, bringing six cars to the collectors' bacchanalia with four North American debuts among them. The 540-horsepower Aston Martin DB9 GT said hello to US crowds for the first time, likely the beginning of a goodbye tour while it prepares to give way to the coming DB11. Having finished its work in Rome and other points distant filming Spectre, slotting in between DBs 9 and 11 comes the DB10 making its global public debut. The latest Bond car might look better sitting still in the Aston Martin pavilion than it does in the movie trailers. The Middle-East-and-Europe only Aston Martin Lagonda has never been to the US either, nor has the DBX electric crossover concept, and the utility vehicle got a coat of Mako Blue paint to make its introduction. The Vulcan racer got re-hued as well, in a coat of Saffron Orange. Finally, there's an Aston Martin Q Vanquish Volante built specifically for Pebble. Combining an "adventurous sport theme" and "deep teal colors of Arctic sea ice," Silver Fox paint is accented with Q Tomales Red and Ocellus Teal, Baltic Blue leather inside, and teal-tinted carbon fiber throughout. It's the most vibrant and fastest chunk of iceberg on the peninsula, certainly. Check out the entire range in the galleries above and below. Related Video:
$1.3B worth of classic cars were auctioned in 2014
Sat, Dec 27 2014The 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
Andy Palmer leaves Renault-Nissan to serve as CEO of Aston Martin
Tue, 02 Sep 2014Aston Martin has been without a helmsman since Ulrich Bez stepped down from the chief executive office at the end of last year, stepping back to serve as non-executive chairman in a semi-retired ambassadorial capacity. The British automaker, now on the cusp of a new era, has been running without a CEO since, but has now named Bez's replacement in Andy Palmer.
If you don't recognize the name, you should: Palmer has worked under the Renault-Nissan Alliance for decades now, rising through the ranks to become one of the top executives under Carlos Ghosn. Most recently he was serving as executive vice president of the entire group and chairman of the Infiniti brand, but like Carlos Tavares, who recently left Renault to run Peugeot, Palmer is now embarking on a new mission as CEO of Aston Martin.
Once the transition period is complete at the start of October, Palmer's role as Chief Planning Officer at Renault-Nissan will be assumed by Philippe Klein, who steps up from his current role as executive vice president of product planning for Renault. Read the statements from both companies below.