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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.

2017 Aston Martin V12 Vantage S coming to US with manual

A few years back, the lovely Aston Martin V12 Vantage was available with an honest-to-goodness six-speed manual transmission. It was capable of instilling serious cognitive dissonance. "If I sell the cars, the furniture, and remortgage the house twice ..." That sort of thing. The package is back, in a sense. For the 2017 model year, Aston will produce the V12 Vantage S with a seven-speed manual transmission. And not the automated manual business supplied by Graziano, that has attracted my ire for being about as subtle as a kick in the pants. There's a human-operated clutch and a proper manual lever. It gets better, at least if you're a manual-transmission geek. Aston fitted a dogleg box to this car, meaning first gear is to the left and down, below reverse and where second gear would sit in a traditional H-pattern floor shifter. Less traditional is the throttle-blipping function, which will make downshifts smoother for those unable or unwilling to heel-toe. If AMSHIFT, which is Graydon's code-word for the system, is not your thing it can be disabled or used in any driving mode. More good news: there's no real penalty for choosing the manual over the Sportshift III transmission. The two cars are mechanically the same, offer the same performance metrics and top speed, and are offered at the same basic price. New for 2017 but not exclusive to the manual are many exterior and interior cosmetic options, like brightly-colored exterior accents, in line with Aston's recent styling trends. As the subtitle suggests, there is a serious catch for Americans. It's not that we won't get the V12-manual combination – we will! – it's just that there won't be very many of them. It'll be a no-cost option in the rest of the world. If you want one, let's hope you've stopped reading this article the first few lines and hopped on the phone with your local Aston dealer to get a place on what looks like a very short list. Related Video:

Aston Martin may soon follow Ferrari with a London IPO

Aston Martin may soon be following Ferrari's lead, as Automotive News reports that people within the British automaker say it may soon consider an initial public offering. If it happens Aston Martin will likely list in London, not New York like Ferrari. While some in the industry were initially wary of Ferrari's move, the company is doing better than ever, with shares rising 62 percent since its IPO in 2015. An IPO could be a huge plus for Aston Martin. The company is looking to boost both sales and profit. Ferrari and Aston Martin sell similar vehicles at similar price points, but Ferrari has a much wider audience, even if most of those fans will never even sit inside one of its cars. That would likely be a big sticking point in estimating Aston Martin's value. It also moves half as many units as Ferrari per year. Aston Martin does have a new crossover on the horizon. Like Porsche, a crossover has the potential to more than double the automaker's sales. Even without it, fourth quarter profits in 2016 notably increased, fueled by solid sales of the new DB11. The IPO won't happen until sometime next year. The company wants to wait on a full 2017 earnings report. Related Video: News Source: Aston Martin Earnings/Financials Rumormill Aston Martin Ferrari stock