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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.

Lamborghini Huracan LP580-2 is a purist's RWD, 571-hp dream

Purists rejoice: Lamborghini has revealed the new Huracan LP580-2, ditching the all-wheel drive system for a rear-drive setup and a slight decrease in power. Like the previous Gallardo LP550-2 (and Balboni edition) before it, the Huracan LP580-2 is based on the same technologies as the LP610-4 coupe and Spyder. Instead of 602 horsepower and 413 pound-feet of torque, it produces 571 hp and 398 lb-ft to the rear wheels through the same seven-speed dual-clutch gearbox. Some might balk at the lack of availability of a manual transmission, but Lamborghini figures few (if any) would have ordered one that way at any rate. What the new setup means is more tail-happy handling, which the engineers in Sant'Agata have only encouraged that through specific tuning of the electronic systems. Equally as important is a lower dry weight of 3,062 pounds – 73 fewer than the all-wheel-drive coupe. To set the rear-drive version apart from its AWD counterpart, Lamborghini has restyled the front and rear ends and anchored it to the road on staggered 19-inch wheels coated in Pirelli PZero rubber. Aluminum calipers grip steel (instead of carbon-ceramic) rotors to keep it all in check. In measurable terms, that all comes down to a 0-62 time quoted at 3.4 seconds and a top speed at 199 miles per hour - respectively 0.2 seconds and 3 mph slower than the LP610-4. But the LP580-2 isn't about outright pace or bragging rights. Those are best left to the more potent and grippy model, and to the yet more powerful versions that are sure to follow. In the meantime, we can look forward to the getting a closer look at the latest version of the Huracan in the flesh at the LA Auto Show. Related Video: The rear-wheel drive Lamborghini Huracan LP 580-2: the essence of driving fun - New dynamic design of front and rear - Designed and engineered to provide perfect rear-wheel driving fun - Weight reduction with recalibrated power management for highly-involving driver experience - 0-100km/h in 3.4 seconds, top speed of 320 km/h Sant'Agata Bolognese/LA, 17 November 2015 – Automobili Lamborghini presents the Lamborghini Huracan LP 580-2: a two-wheel drive version of the Huracan coupe. Specifically designed and engineered for its rear-wheel drive set-up, the Huracan LP 580-2's combines dynamic new looks with a package for an enhanced Lamborghini driving emotion.

Ciao Bella, Lamborghini's Aventador Roadster looks smoking hot in LA

After having all of the official details dropped a few weeks ago, and judging the significance of the price tag just a bit later, we're finally getting our first look at Lamborghini's newest drool-inducer, the Aventador LP700-4 Roadster. News flash: It's just as good-looking in person as it is in stock shots.
That's right, if our fresh gallery of images from the show floor are any indication, buyers with fat-enough bank accounts to put the 700-horsepower V12 Lambo in the garage will not be disappointed with it aesthetically. The sharply creased supercar bodywork looks, arguably, more impressive in topless form than it does as a coupe, which is really saying something.
You'll find all of the technical detail about the new car in the press release below, should you require fuel for your Italianate dreams.