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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.

Mazda halts sales of CX-5 due to fire risk in crashes

The Basics: Mazda will recall 264,463 examples of the 2014-2016 Mazda CX-5 in the US. The Problem: The fuel filler pipe can rupture in a rear collision. This could cause a fuel leak, which is a fire risk. Injuries/Deaths: None reported. There are also no reports of fires. The Fix: Mazda has not yet specified the repair for the problem. If You Own One: Concerned owners can get a free loaner, demo, or rental vehicle until Mazda dealers repair the vehicle. More Information: Mazda also has a stop sale on new examples of the CX-5 until the company fixes the problem. Related Video: Mazda Implements Recall and Stop Sale of All 2014-2016 MY CX-5 Vehicles WASHINGTON, DC (February 1, 2016) – Today, Mazda Motor Corporation filed a safety defect report with the National Highway Traffic Safety Administration (NHTSA) to address a concern with 2014-2016 Model Year (MY) CX-5 vehicles. On all 2014-2016 MY CX-5 vehicles, the fuel filler pipe could rupture during a rear collision, and could potentially cause fuel leakage. Approximately 264,463 vehicles are affected in the U.S. There are no reports of accidents or injuries occurring in the subject vehicles as a result of this condition. If a customer has concerns about driving their vehicle before the repair is available, dealers will offer a free loaner, demo, or rental vehicle. Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through more than 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City.

2019 Mazda MX-5 Miata may be getting 181 hp

Even though the current 2018 Mazda MX-5 Miata makes only 155 horsepower, our experience has shown that it's more than enough fun with its modest output. Still, if Mazda were to offer more, we wouldn't turn it down, and it appears that's exactly what will happen for the 2019 Mazda MX-5 Miata. Road & Track dug up a VIN filing from Mazda to NHTSA with information about the Miata for that model year. On one of the pages, it states that the 2019 Miata will have a 2.0-liter four-cylinder making 181 net brake horsepower. That's a pretty big jump from 155 horsepower, nearly matching the larger 2.5-liter engine in the Mazda3 and Mazda6. It's also close in power to the estimates for the Skyactiv-X spark-controlled compression-ignition engine. But, based on what a journalist on Twitter posted, the 2019 Miata will continue to use a version of the existing spark-ignition Skyactiv-G engine. Apparently it will have a new cylinder head, be able to rev higher, and make more horsepower, though he didn't say how much more. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. We've reached out to Mazda for comment on this discovery, and, like with most car companies, wouldn't give comment since the topic regards a future product. If it does turn out that Mazda won't up the horsepower for 2019, the good news is that the aftermarket has speed demons covered. Flyin' Miata offers a package that includes camshafts, exhaust and a tune that will bring it up to about 200 hp. There's a supercharger kit from Edelbrock that will provide similar power, but without the need for digging into the engine. Flyin' Miata also offers a turbocharger kit that can bring the Miata up to nearly 250 hp, and if you're really speed-crazed, the company can swap in a Chevy LS V8 with more than 500 hp. Or, you know, you could just be happy with 155. Related Video: Featured Gallery 2016 Mazda MX-5 Miata Club View 32 Photos News Source: Road & Track, Twitter Mazda Convertible Coupe Performance