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$1.3B worth of classic cars were auctioned in 2014

The collector auto market in the US just continues to expand with the values of vehicles seemingly only growing in the past years, especially if they have a prancing horse on the hood. This year was no different. According to data compiled by classic car insurance agency Hagerty, there were about $1.3 billion worth of vintage rides auctioned in North America in 2014, up just slightly from $1.2 billion crossing the block in 2013. If you want an idea of just how big a role the Monterey Car Week plays in the North American collector hobby, Hagerty's stats illustrate it perfectly. The company recorded $430 million in auction sales during the week – about a third of the entire market for the year. The event also hosted the biggest seller of 2014 when the hammer fell on a 1962 Ferrari 250 GTO (pictured above) for $38.115 million at Bonhams. In fact, vintage Ferraris in general were among the top buys in the classic auto world in 2014. Eight of the ten most expensive vehicles sold at auction were Prancing Horses (the other two were Ford GT40s). Also, the insurance company's price index for these Italian stallions showed a 43-percent gain in value for the year. The market for another Italian supercar is exploding, as well. The Lamborghini Countach showed a staggering 175-percent growth in auction value in 2014. According to Hagerty, the average price when they crossed the block was $736,599. Judging by Hagerty's numbers, there were still some places to look for those hoping to spend a bit less money. The Aston Martin Lagonda showed a strong gain in value with a 32-percent increase in auction price, but they still averaged $47,078. In addition, the company's index for '50s American cars showed only one-percent growth for these classics. These huge leaps in collector car value might be winding down, according to Hagerty. It predicts growth in the market to slow to an estimated five percent gain in 2015. Maybe a few of these classics might actually become a bit more affordable to fans without such deep pockets sometime in the future. Featured Gallery Bonhams Maranello Rosso Collection: Monterey 2014 View 21 Photos News Source: HagertyImage Credit: Copyright 2014 Drew Phillips / AOL Aston Martin Ferrari Lamborghini Auctions Car Buying Performance Classics aston martin lagonda ferrari 250 gto Lamborghini Countach collector cars 1962 ferrari 250 gto auto auction

Porsche wins the 2015 24 Hours of Le Mans

The question going into this year's 24 Hours of Le Mans was whether or not the Porsche 919 Hybrid would be able to combine its qualifying pace with race reliability. After battling neck-and-neck with Audi's R18 for most of the race, the answer is a resounding yes. Not only did Porsche drivers climb the first two spots on the podium, they did so without any major mishaps on track. This win is the first overall trophy for Porsche since 1998. Audi previously won the last five races, and 13 of the last 15. Corvette also returned to the winner's circle, with the No. 64 C7.R taking winning the GTE Pro division. The victory is the first class win for Corvette since 2011. KCMG won the LMP2 class in ninth overall. With 45 minutes to go the No. 98 Aston Martin crashed out of first place in GTE Amateur, giving the class win to SMP Racing's Ferrari and second place to the Patrick Dempsey Racing Porsche 911 RSR. For the full list of official results, click here. The GTE Pro class proved to be just as exciting as the P1 class, with a four-way battle for first after four hours into the race. For most of the race, the battle at the top went back and forth between the two German manufacturers. An tire puncture in the No. 7 Audi gave up the lead to Porsche, and moments later a crash forced the No. 8 into the garage. But a three-minute replacement of the front and rear bodywork kept the Audi in contention. As the race wore into the night, Porsche maintained a slightly faster pace than Audi. Nick Tandy took the lead on Lap 253 early Sunday morning, and car No. 19 never gave up the top position. The win is the first for all three drivers of the No. 19 – Nico Hulkenberg, Earl Bamber, and Nick Tandy. A lap behind in second was the No. 17 Porsche. The Audis fought reliability problems late in the race but still finished third with the No. 7 R18. The GTE Pro class proved to be just as exciting as the P1 class, with a four-way battle for first after four hours into the race. As the Aston Martin cars dropped away, the lone Corvette Racing entry took over, followed by a charging AF Corse team Ferrari 458 Italia. The Corvette and Ferrari continued to trade places in the final hours until gearbox trouble forced the No. 51 Ferrari out of contention. It was eventually passed by the other AF Corse car, No. 71. Nissan experienced all the pain of a first-year effort with its front-wheel-drive GT-R LM Nismo.

Aston Martin DB9 GT breaks cover

Based on recent spy shots, it appears that the Aston Martin DB9 might be nearing retirement. Thankfully, the British sportscar brand isn't letting the high-performance grand tourer wither on the vine until a replacement arrives. Instead, the company is launching the most powerful version of the model yet with the introduction of the DB9 GT at this year's Goodwood Festival of Speed. With its tuned 6.0-liter V12 getting an extra 30 ponies to push output to 540 horsepower, the DB9 GT certainly doesn't lack for power, and that muscle routes through the brand's six-speed Touchtronic II gearbox. The potent powertrain can launch the luxurious model to 60 miles per hour in a claimed 4.4 seconds and to a reported top speed of 183 mph. The latest model offers more than just a performance upgrade, though. On the outside, the DB9 now wears a black front splitter and rear diffuser. It also rides on new 10-spoke, 20-inch wheels, and you can spot black-anodized brake calipers just behind them. For a further flourish, GT is engraved on the aluminum fuel cap, and if all of that isn't enough, buyers can spec a plethora of optional, carbon-fiber trim. Inside, the GT's big upgrade is a switch to Aston Martin's latest AMi II infotainment system. It features a revised menu structure that the company claims makes working the tech more user-friendly. This DB9 delivers on luxury too with fluted-leather seats and an Alcantara-wrapped steering wheel. The DB9 GT is available for order now, and the price for the additional power and luxury in the US starts at $199,950. It's not the only Aston Martin receiving some attention, though, because the 2016 model year examples of both the V8 Vantage and Rapide S also get the AMi II system. They benefit from new color and upholstery options, as well. Aston Martin reveals DB9 GT – the ultimate in bespoke grand touring New GT model showcases the very best of DB9 Most powerful DB9 to date with 540 bhp from 6.0-litre V12 engine Colour, trim and equipment additions for Vantage and Rapide S models 24 June, 2015, Gaydon: Aston Martin is today revealing the DB9 GT – the luxury British sports car maker's most compelling production 'DB' to date. Designed to offer the best of what DB9 can be, the new car delivers world-class grand touring and hand-built excellence.