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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.

How'd we miss this incredible 24-hour enduro in prewar cars?

Even in today's 24 Hours of Le Mans, not all of the racecars finish the event. Factors like like mechanical failures, crashes and poor weather that can be the doom of any race team. Now, imagine going to a track today and competing around the clock in vehicles built before World War II. That was exactly what the Benjafield's 24 did at the Portimao Circuit in Portugal in October. Somehow, we missed this spectacular event, and so did most of you, judging by the lack of media coverage it received. The event was named after Dudley Benjafield, one of the famous Bentley Boy racers and a winner of the French race in 1927. According to Goodwood Road and Racing, 21 prewar cars entered, and astonishingly, 20 finished. Teams of three or four drivers did two-hour shifts, and more than just old Bentley racers competed. Robbert Alblas, who also made the awesome video above, told Autoblog via email, "The organization is not a allowed to call it a race because of insurance reasons." Therefore, there were no official rankings of where the competitors actually finished. That's a pity, but it doesn't take away from how awesome an undertaking this was. While you can see cars from this period briefly racing at events like the Monterey Motorsports Reunion, witnessing them go for 24 hours is almost an impossibility today. Check out Alblas' fantastic short film of the Benjafield's 24, above, and get a taste of the on-track action. News Source: Goodwood Road and Racing, Robbert Alblas via YouTube Motorsports Bentley Racing Vehicles Classics Videos portugal portimao

Autoblog Podcast #343

George Kennedy from Boldride.com, BMW i3, NACTOY long list, Bentley SUV
Episode #343 of the Autoblog podcast is here, and this week, Dan Roth and Steven Ewing are joined by George Kennedy, Autoblog alum and Editor-in-Chief of Boldride.com. Topics include the unveiling of the BMW i3, the 2014 North American Car and Truck of the Year long list, and the green-lighted Bentley SUV. As always, we start with what's in the garage, but then answer some of your questions before diving into the week's news. For those of you who hung with us live on our UStream channel, thanks for taking the time. You can follow along after the jump with our Q&A. Thanks for listening!
Autoblog Podcast #343: