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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.

Daily Driver: 2015 Bentley Continental GT Speed

Daily Driver videos are micro-reviews of vehicles in the Autoblog press fleet, featuring impressions from the staffers that drive them every day. Today's Daily Driver features the 2015 Bentley Continental GT Speed coupe, reviewed by Steven Ewing. With a starting price of $235,000, it's not what you'd typically consider a "daily driver," but as we find out, this Bentley is indeed a car you could happily live with every single day. You can watch the video above or read a transcript below. Watch more Autoblog videos at /videos. VIDEO TRANSCRIPT [00:00:00] Hey, guys. This is senior editor Steven Ewing with another Daily Driver video. I'm in a car today that you wouldn't necessarily consider to be a daily driver by the normal logic. I'm driving the $235,000 2015 Bentley Continental GT Speed Coupe. Now, as its name would suggest with the word "speed" in there at the end, this is an incredibly powerful and incredibly quick car. [00:00:30] It's powered by a 6.0-liter twin-turbo W12 engine that makes about 626 horsepower and about 606 pound-feet of torque. As you can see, it is a seriously quick car. 0 to 60 is estimated to happen in about four seconds, and this thing will top out at over 205 miles per hour. It's not just the off the line acceleration, [00:01:00] it's how much power is available while you're already at speed. I'm on the freeway right now and just with a light tap of the throttle there's just this massive wave of torque that comes on. It's just smooth, seamless, it's effortless. It's really, really fun. You can really get it going hot into a corner, let it hug it, and it really just grips. It's got a ton of power. [00:01:30] It's a really nice-handling car. A lot of people tend to think of Bentleys as being cars that you're driven in. You picture a Mulsanne pulling up with a chauffeur, but that's not the case with the Continental. In fact, Bentley's done a lot of work in recent years to drive home the point that the Continental is the driver's car. You look at things like the GT V8 S, which is one of my favorite Bentleys they've ever produced, where it's a car that despite its heft and its size and all of that, it's [00:02:00] still pretty involving. The chassis tuning is really good. The steering's pretty good. It's actually a good to drive car. On top of that, it's incredibly quiet in here.

Bentley bringing Flying Spur V8, upgraded Continental GT Speed to Geneva

Until the new Falcon sport-ute comes along, Bentley is still a brand that revolves around two model lines: the Mulsanne, which is available essentially in one form, and the Continental family, which is available in many. The Flying B marque has traditionally offered the V8 version in two specifications and the W12 in three, and packaged them into three different bodystyles. With the Geneva Motor Show fast approaching, Bentley is rolling out two more.
First up is the Flying Spur which, despite having dropped the Continental from its name, is still based on the same. Bentley opted to skip the base W12 version when it introduced the new Flying Spur at last year's Geneva show, going straight for the more powerful version that would otherwise wear the Speed moniker. But now it's bringing a V8 version to the Swiss auto expo.
In addition to the W12, the Flying Spur will now be offered with Bentley's 4.0-liter twin-turbo V8. For the time being at least, Crewe is offering it in the base, 500-horsepower spec, and not with the more potent 521-hp from the Continental GT V8 S, but we're still looking at a 0-60 time of 4.9 seconds and a top speed of 183 mph. And that's pretty fast for a four-door sedan, no matter which way you cut it. Power is channeled once again to all four wheels through an eight-speed automatic transmission, riding on an air suspension. There's a Mulliner Driving Specification package to make it even more derirable, the reduced weight in the nose ought to make it handle better, and with cylinder deactivation, promises to deliver much better fuel economy.