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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.

Bentley Continental GT Speed gets a little more juice

The latest version of the Bentley Continental GT Speed packs 633 horsepower, up ever so slightly from the 626 hp in the outgoing version launched in 2014, the 616-hp model that arrived in 2012, and the 602 hp offered in the first iteration from 2007. It also leaves the previous, 621-hp Supersports model in its wake, and further separates the flagship twelve-cylinder version from the lighter but less potent V8 model. Along with the relatively negligible 7-horsepower increase, the crew from Crewe also raised the torque figure by 15 pound-feet to a total of 619. As a result, Bentley says the latest flagship Conti will hit 60 in 3.9 seconds, down from the 4.0 flat the previous version was quoted at. No word on the top speed changing, but at 206 miles per hour, it didn't need much improvement in the first place. The Flying B marque has also launched a new Black Edition of the same model that offers a whole array of visual enhancements inside and out. As you might have guessed, it consists mostly of black trim, but also some contrasting aero components and leather trim. That's all well and fine, but we doubt most occupants would be paying much attention once all that power is deployed. Related Video: BENTLEY LAUNCHES NEW GT SPEED AND STRIKING BLACK EDITION - Continental GT Speed increases power and torque - Bold new Black Edition joins GT family - New and unique styling cues handcrafted to perfection at Bentley's Crewe factory (Crewe, 4 April 2016) Bentley unveils today the revised Continental GT Speed, raising the bar even further in terms of exclusivity and performance. The fastest production Bentley ever, with a top speed of 206 mph (331 km/h), now delivers even more power and torque, and a striking new Black Edition model joins the Speed family. Engineers at Bentley in Crewe have developed even more muscle from the Continental's iconic 6.0-litre twin-turbocharged W12 engine. The GT Speed now produces 642 PS - up from 635 PS - and 20 Nm of extra torque, bringing its total to a forceful 840 Nm. This additional torque is applied through the entire rev range via careful reoptimisation of boost control, raising the Grand Tourer's renowned "torque plateau" of continuous maximum torque delivery from 2,000-5,000 rpm, and bringing even greater acceleration performance. As a result, the 0-60 mph sprint time has dropped to just 3.9 seconds (0-100 km/h in 4.1 secs).

Bentley Continental GT3-R is a limited-edition racer for the street

Limited to just 300 examples worldwide, Bentley's new GT3-R is set to bring a bit of the brand's motorsports pedigree to the street. After all, the Flying B recently took the win at the Blancpain Endurance Series at Silverstone with its new Continental GT3, less than one year after the big racer's debut.
Like the road-going Conti GT, the GT3-R uses a twin-turbocharged 4.0-liter V8, tuned in this application to 572 horsepower and 516 pound-feet of torque - increases of 51 hp and 14 lb-ft from the already potent GT V8 S. That's enough to get the 4,839-pound Bentley to 60 miles per hour in just 3.6 seconds, on its way to a top end of 170 mph.
To make the GT3-R more hardcore than standard Continentals, the air suspension has been retuned, the brakes have been upgraded with carbon silicon discs, and there's a titanium exhaust that's good for 15 pounds of weight-savings - in all, the GT3-R is some 200 pounds lighter than a comparable GT V8 S.