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Weekly Recap: Geneva's splendor reflects growing demand for ultra-luxury cars

Geneva is one of the most glittering auto shows in the world, but the list of high-powered and bespoke luxury cars was decadent this year even by the rich standards of the Swiss exhibition. It's great for enthusiasts to revel in the flame-throwing Aston Martin Vulcan, the racing-inspired elegance of the Bentley EXP 10 Speed 6 concept and the insane performance of the Lamborghini Aventador LP 750-4 Superveloce, but there's a reason for all of this opulence: the luxury market is big business. And it's growing. IHS Automotive forecasts that so-called ultra-premium sales will nearly triple this decade from 123,000 to 353,000 units around the world. The estimate includes brands like Aston Martin, Bentley, Ferrari and Rolls-Royce, but doesn't count BMW, Mercedes and Audi, which offer less expensive models in addition to their high-end flagships. Though IHS includes Porsche and its relatively large volume in the study, the ultra-premium segment is still set grow at about the same rate, even without the German automaker's figures. So what is propelling all of this growth in the most expensive segment of the auto industry? Put simply, there's more rich people. IHS Automotive principal analyst Tim Urquhart pointed to economic expansion in China, market recovery in the United States and a surge in the lucrative technology sector as contributing factors. This dovetails with a research report by UK-based Oxfam, an international relief organization, which found the world's richest one-percent owned 48 percent of global wealth in 2014, and it's expected to increase to more than 50 percent by 2016. View 17 Photos Carmakers are moving quickly to capitalize with new products, expanding their portfolios with low-volume speedsters like the 800-hp V12 Vulcan at Geneva, and plans to enter new segments, like Rolls-Royce's strategy to make an SUV. "Ultra-premium carmakers are looking to explore ways of growing their product offerings, and thus their bottom lines, in this most potentially profitable of segments," Urquhart wrote in a report on the Geneva show. In a nutshell, there are more choices for people with more money. It's a good time to have expensive taste. Other News & Notes 2016 Mazda MX-5 Miata production launches It won't be long now. The 2016 Mazda MX-5 Miata arrives later this year, and it's officially in production. Mazda announced this week that the roadster began rolling off the assembly line at its Ujina factory in Hiroshima, Japan.

Check out Christina Nielsen, the 23-year-old Dane leading the IMSA GTD series

Thanks to hard driving, a good car, consistency, and four podiums this season, 23-year-old Christina Nielsen from Horsholm, Denmark owns the lead of the GT Daytona class in the IMSA Tudor United SportsCar Championship. It's a slim lead at 199 points, just two points over Christopher Haase and Dion von Moltke, co-drivers of the #48 Paul Miller Racing Audi R8 LMS who are second and third and both on 197 points. Nielsen drives the Aston Martin Racing #007 TRG-AMR V12 Vantage GT3 in both USCC and the GTA class of the Pirelli World Challenge. Kuno Wittmer is her co-driver in the USCC, you might remember him as the winner of the driver's championship with the short-lived Chrysler factory team. TRG-AMR recently inducted the Canadian and 17-year-racing veteran to the be the team's number one development driver and be a mentor to Nielsen. Nielsen is the daughter of a Danish sports car racer but she only started racing in 2007 when a friend took her to a kart track. She said she got hooked on that first visit, and in 2011 she finished third in the Karting World Championships. Two years later she won the B Championship at the German ADAC GT Masters with 14 podiums in 16 races, including two victories. Last year she drove in the Patron Endurance Cup and Porsche GT3 Cup Challenge, this year she graduated to TRG-AMR. There are three races left in the USCC season, and Nielsen said she likes the upcoming tracks and the team's chances. You can check out her race-craft in the two videos below. News Source: IMSAImage Credit: Brian Cleary/Getty Images Motorsports Aston Martin Coupe Racing Vehicles Videos uscc

Get lost in Evo's sublime 2013 Car of the Year testing

Every year Evo stages its Car of the Year test, bringing the best performance cars in the world to one location for an epic shootout. This year the magazine pitted eight CotY finalists against each other on Route Napoleon in Southern France - Evo claims it's the "best road in the world" - and then proceeded to nitpick the smallest of faults on each car until the winner could be named. You see, this year's lineup of machines was just so good that only one car obviously wasn't CotY material from the get-go. Can you guess which one judging from the list below?
- Aston Martin V12 Vantage S
- Audi R8 V10 Plus