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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.

The Aston Martin DBS Superleggera leads this month's list of discounts

The average price of a new car in America last year was $35,932. This month, the biggest discount off the retail price of a new car in America is awfully close to that figure at $34,001. For those keeping track (as we do every month with a post like this one), that's by far the largest discount we've seen so far this year, and it means buyers of the 2020 Aston Martin DBS Superleggera are paying an average transaction price of $273,819. The British automaker calls the DBS "the ultimate production Aston Martin." With a 715-horsepower V12 engine pulsating underhood, sufficient to push this grand touring coupe from 0-60 in a skosh over 3 seconds and on to a top speed of 211 miles per hour, who are we to argue? If that's too rich for your blood — and let's be honest, it's still a whole heck of a lotta money — the next biggest discount might be at least a little more attractive. According to data provided by TrueCar, buyers of the 2019 Mercedes-AMG GT are seeing discounts of $23,103 off the car's average sticker price of $159,995. That's a heck of a lot of car for $136,892, though admittedly still expensive. But at 14.4% off retail, it's a better deal than the $132,122 average transaction price of the 2020 BMW M8. The BMW's $16,497 discount equals 11.1% off the M8's $148,619 sticker. For a look at the best new car deals in America based on the percentage discount off their suggested asking prices, check out our monthly recap here. And when you're ready to buy, click here for the Autoblog Smart Buy program, which brings you a hassle-free buying experience with over 9,000 Certified Dealers nationwide. Featured Gallery Aston Martin DBS Superleggera View 33 Photos Aston Martin BMW Mercedes-Benz Car Buying Convertible Coupe Luxury Performance Supercars consumer car values biggest discount

Behold the Aston Martin SUV: Officially named DBX, coming in 2019

It's official. The Aston Martin DBX SUV is named and it's on its way, folks. Oh, and Aston really wants you to know it can drive on dirt. Every official photo we have of the thing shows it doing something off the pavement. In other definite news on the SUV, it will be revealed in the last quarter of 2019 and be built at Aston Martin's new St. Athan factory in the U.K. Everything else about the tall Aston will remain a mystery for now. But we finally have a decent look at what's coming. The most obvious feature is the V8 Vantage-style grille. It's the most outlandish and distinguishing styling element on the Vantage, but we're not so sure about it on the DBX. There's plenty that looks unfinished behind the fake grille-looking piece, so we wouldn't be prepared to say that the design is what we'll see on the production SUV quite yet. It looks like standard, boring SUV fare down the sides, but then it gets funky in the rear. To our eyes, it looks like there are two spoilers back there — one extending from the roof, then another ducktail-looking thing coming out of the hatch. Once again, the design doesn't strike us as fully-baked yet, so it's tough to say what the rear end is going to end up like. The little exhaust outlets poking out of the bumper are pretty cool, though. This prototype pictured is being put through a Welsh rally stage for testing purposes, one of many different environments in which Aston says it wants the DBX to excel. The other notable spot is the Nurburgring, but we'd expect an Aston Martin SUV to handle well. We don't think an electrified version is coming right away, but Aston is building it in the same factory it says will be the brand's "Home of Electrification." It's safe to assume a hybrid or fully-electric vehicle from Aston will be coming when we get to the next decade, especially with the way Aston is talking. Related video: Featured Gallery Aston Martin DBX prototype View 13 Photos Image Credit: Aston Martin Aston Martin Crossover SUV Luxury Off-Road Vehicles Performance aston martin dbx