Lamborghini Aventador Body Kit, Kit Car. Exotic Fiero Toyota Mr2 Diy Replica Kit on 2040-cars

Auto blog

$1.3B worth of classic cars were auctioned in 2014

The 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

Two dead in Lamborghini crash at Las Vegas exotic car experience center

According to the Las Vegas Sun, as well as several other local outlets, two men died in a Lamborghini crash on track at a facility called SpeedVegas. The car reportedly hit a concrete wall with a tire barrier and burst into flames. Tragically, the driver and the instructor were both killed instantly. We confirmed with the Occupational Safety and Health Administration (OSHA) that the organization is investigating the crash. The crash happened at SpeedVegas, a facility with a 1.5-mile closed track that offers visitors the opportunity to drive high-performance sports cars ranging from the Porsche Cayman GTS up to a Lamborghini Aventador. According to the website, drivers do not need any experience before taking the wheel, and only need to be 18 years old, have a valid driver's license, and wear closed-toe shoes. The facility provides helmets and insurance as part of the driving fee. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. SpeedVegas provided an official statement, seen above, on the crash at its Twitter page. It confirms that the crash occurred, and that the company will cooperate fully with the investigation. It also passes along sympathy to employees and family members connected to the victims. We have also reached out to the Las Vegas Metropolitan Police Department, and SpeedVegas directly for further comment on the incident, but have not received a reply at the time of publishing. We will update this post with additional information as it is available. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

London police joyride in Lamborghini Huracan

A pair of Metropolitan London police officers are in hot water after they questionably impounded a Lamborghini Huracan earlier this summer. Oh, and they took it for a joyride. The stop, pictured above, occurred on June 2. The Huracan belongs to a rental car company was pulled over for having no insurance near Heathrow Airport. In Britain, police use a national database to run license plates to see if a car is insured. London-based City Supercars had recently updated the insurance on the $260,000-Lambo. However, there was a lag before the information was uploaded to the database. When manager Erwyn Mackee tried to explain the situation on the phone, the police weren't interested. "The officer was just being unreasonable and out of hand on the phone to me, and I was just trying to explain the facts calmly. He was just off his head, completely bonkers - it was very frustrating," Mackee told the Telegraph. So the Lambo was seized. But police decided to have a little fun with the car before sending it to an impound lot. Mackee checked the traffic-tracking software in the Huracan and found that officers were having a blast with their new prize. At one point, they hit 63 miles per hour in a 30-mph zone. Mackee called Met police out on Twitter. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Mackee, who is also a lawyer, told the Telegraph that the problem has been resolved amicably. Scotland Yard was embarrassed by the incident and punished the officers involved. One officer received three points on his license while the other was subject to management action. Related Video: