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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.

Aston Martin Vanquish Zagato Volante is the belle of the Pebble Beach ball

While Aston Martin is showing off the Vanquish Zagato Coupe for the first time in North America, it's also using the Monterey Car Week to confirm a convertible version of the stunning supercar. Limited to just 99 cars – many of which will be spoken for this week by those visiting Aston's Carmel, California pop-up shop – the Volante will share the coupe's enhanced V12, cranking out 592 horsepower. The 0-60 time of 3.7 seconds is almost as quick as the 3.5 touted by the new DB11. And, of course, the topless models will distinguish themselves in several ways aesthetically. The Vanquish Zagato Volante gets the same rounded taillight reflectors and "bladed LED technology" of the Vulcan supercar. Lower carbon fiber sills that run the length of the car add a pronounced, sporty emphasis. Zagato's trademark twin cowls blend into the rear deck, concealing the folded top used in the Vanquish Volante. Design director Marek Reichman says the Zagato version is more muscular and flowing that the coupe. The interior gets the Zagato "Z" quilt pattern stitch on the seats and doors, and an embossed "Z" on the headrests and doors add additional flourish. The Vanquish Zagato Volante is the latest result of Aston's partnership with the Italian design house dating back to the 1960 DB4 GT Zagato race car. Aston says this latest Zagato model is aimed especially for the North American market, much like the 2003 DB AR1, an open-topped Zagato-bodied DB7 that was also limited to 99 units and is now considered a collectible. Aston's pop-up shop this week attracted enthusiasts and owners alike, and featured the cream of the DB lineup, the iconic DB5, DB10 from the latest Spectre Bond film, and, of course, Aston's newest series-production GT car, the DB11. Check out the new Vanquish Zagato Volante in the gallery up top, and the brand's pop-up shop below. Related Video: Featured Gallery Aston Martin Vanquish Zagato Volante View 9 Photos Related Gallery Aston Martin's pop-up shop at Pebble Beach View 9 Photos Design/Style Misc. Auto Shows Aston Martin Convertible Luxury Performance Pebble Beach zagato

Aston Martin Valkyrie could beat that new Nurburgring record, Red Bull F1 boss says

During last weekend's Austrian Formula 1 Grand Prix, Race Fans asked Red Bull F1 team principal Christian Horner about the Aston Martin Valkyrie. The question was whether the coming hypercar, a collaboration between Red Bull and title sponsor Aston Martin, could beat the stunning lap record around the Nurburgring just set by the Porsche 919 Hybrid Evo. Horner's answer: "I'm not sure a Formula 1 car could actually do it, but I think that the Valkyrie — certainly the track version of the Valkyrie — could be a contender." That's a qualified endorsement, but it still counts as support merely putting the Valkyrie AMR Pro in the conversation. Let's compare, shall we? The 919 Hybrid Evo is based on the 2017 World Endurance Championship-winning 919 Hybrid. Freed from motorsport regulations, Porsche Motorsport upgraded numerous performance bits. The 2.0-liter, turbocharged V-four-cylinder went from 500 hp to 720 hp. The two KERS units went from 400 hp to 440 hp. We don't have a figure for downforce, but items like active aero, a larger front diffuser, optimized turning vanes, and larger rear wing increased downforce by 53 percent over the WEC car, at the same time being 66 percent more aero efficient. It weighs 849 kg dry, or 1,868 pounds because Porsche threw out everything that didn't contribute to speed. The Valkyrie specs we know of so far state a weight of 1,000 kilograms, or 2,200 pounds. Powering that is a custom, naturally aspirated, 6.5-liter AMR Cosworth V12 with more than 900 horsepower, augmented by a kinetic energy recovery system contributing around 230 hp. According to Autocar's sources, the Valkyrie could generate up to 4,000 pounds of downforce at an aerodynamically-limited 225 miles per hour. That boggling number comes courtesy of Adrian Newey's prowess at making changes such as openings between the front wheel arches and the cockpit that work the front wing harder. The two-seater coupe's unrestricted top speed is 254 mph. Note, though, that the Valkyrie AMR Pro will be more powerful, lighter, and could have even more downforce. And since Aston Martin and Newey continue to work on the hypercar, specs could get even better before deliveries begin. Right now, Horner's suggestion doesn't seem all that outrageous. We'll also wait to see if the Mercedes-AMG Project One pokes its nose in the ring, too. Not long ago, AMG chief Tobias Moers said it's "reasonable to speculate" the F1-inspired hypercar could claim an absolute lap record around the 'Ring.