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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 Essenza SCV12 is an 830-horsepower track weapon

Following in the footsteps of the likes of the Diablo GTR and the Miura Jota, the new Lamborghini Essenza SCV12 is the latest limited-run, uber-performance GT car that offers more power than any other naturally aspirated V12 model Lamborghini has ever produced. To say the Essenza SCV12 is purpose-built would be understating it. From the carbon fiber monocoque and the adjustable aerodynamics to the structurally integral gearbox, everything about the Essenza SCV12 was engineered expressly for speed by Lamborghini's motorsports division. Lamborghini says the V12 actually makes more than 830 horsepower, but didn't offer us anything more specific. Its multi-function wheel was even inspired by the control interfaces found in Formula One, and the rest of the cockpit is similarly racecar-spartan, down to the FIA-homologated carbon-shell seats. The exterior bodywork comprises just three sections to facilitate quick repair and replacement. All four wheels are magnesium alloy and the brakes were developed by Brembo. "Essenza SCV12 represents the purest track driving experience that our brand can offer, an engineering feat that highlights the inextricable link between our cars and the asphalt of the track," said Lamborghini CEO Stefano Domenicali in the company's announcement. "Lamborghini is a brand constantly looking to the future and searching for new challenges, but we never forget our roots and who we are: Essenza SCV12 is the perfect combination of our unconventional spirit as a super sports car manufacturer and our true passion for motorsport." The Essenza SCV12 puts all 830 horsepower to the ground via the rear wheels. The aforementioned structural gearbox is a six-speed sequential unit and the mounting point for the rear pushrod suspension. The aero elements, which were borrowed (with modifications, of course) from Lamborghini's racing cars, produce more than 2,600 pounds of downforce at 155 MPH — more than you get from the aero on a GT3 race car.  Making the deal even sweeter is the fact that purchasing one of these 40 Essenza SCV12s also confers access to a series of exclusive track events along with storage space in a new building (a hangar, Lamborghini says) that the company has built at its facility in SantÂ’Agata Bolognese.  "We wanted to elevate not only performance and driving pleasure but also the experience off the track," said Giorgio Sanna, Head of Lamborghini Motorsport.

Comedians in Cars Getting Coffee teases return with a Countach

Unless you have an intense aversion to Jerry Seinfeld, it's hard not to find something to like about his show Comedians in Cars Getting Coffee. After all, the series combines funny people telling often hilarious stories while riding in ridiculously cool vehicles. The trailer for the sixth season is now online, and based on this tease, this definitely looks worth watching no matter what part of the videos interest you. Of course, it's the automotive portion that really grabs us, and Seinfeld has quite a fleet to showcase for season six. The trailer shows off a Lamborghini Countach, a '57 Chevrolet Bel Air convertible, a classic Volkswagen Beetle in the green and white German Polizei livery, a Morgan, an Aston Martin DB5, and a Ferrari 308. On the more humorous side of things, the guest list at least includes Julia Louis-Dreyfus, Jim Carrey, Steve Harvey, Stephen Colbert, Bill Maher and upcoming host of The Daily Show Trevor Noah. Season six of Comedians in Cars Getting Coffee premieres on Crackle on Wednesday, June 3, at 11:30 PM ET.