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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.

Watch 14 hot rides take over concept car lawn at Pebble Beach

The Pebble Beach Concours d'Elegance is an annual celebration of the beautiful, old cars that grace Monterey Car Week. But Monterey – and Pebble – features lots of newer metal, too, and that includes the concept lawn at Pebble Beach. Now, "concept lawn" isn't a totally accurate name anymore, and you'll see why in the list below. This year especially, plenty of production cars can be found in the area once reserved for the conceptual. Still, we're happy to see them. Here's what's featured this year: Alfa Romeo 4C Spider Audi R8 BAC Mono Bentley EXP 10 Speed 6 BMW 3.0 CSL Hommage R Buick Avenir Galpin-Fisker Rocket Speedster Hyundai HCD-16 Vision G Coupe Icona Volcano Infiniti Q60 Lamborghini Asterion LPI 910-4 Maserati Ghibli McLaren 570S Rolls-Royce Wraith By our count, that's seven concepts out of fourteen cars. But it still makes for one hot group of metal. Check 'em out in the gallery above. Related Video: Related Gallery 2015 Pebble Beach Concept Car Lawn View 38 Photos Image Credit: Copyright 2015 Drew Phillips / AOL Design/Style Alfa Romeo Audi Bentley Buick Infiniti Lamborghini Lincoln McLaren Porsche Concept Cars Videos Original Video Pebble Beach

Bentley Continental GT Convertible is here, and it's a stunner

Bentley gave us a completely revamped Continental GT a short time ago, and now we get its airy twin, the Continental GT Convertible. Making its debut right before the L.A. Auto Show begins, the topless Bentley incorporates everything new and good about the redesigned Conti. It'll come with the 6.0-liter twin-turbo W12 engine making 626 horsepower and 664 pound-feet of torque, just like the coupe. Acceleration to 60 occurs in a luxuriously quick 3.7 seconds before topping out at 207 mph. It's a convertible, but it sure won't be slowing you down any because of it. Styling for the drop top is elegant but doesn't distance itself much from the coupe beyond the obvious lack of a roof. That's totally fine, because the new Continental GT is stunning either way. Bentley has an option for old-school tweed lovers out there too: a roof made of the stuff. Details on how such a roof is possible haven't yet been spelled out, but we're guessing it isn't made of your traditional (not waterproof) tweed. Whether you choose tweed or some other more normal material for your roof, Bentley says it has better sound proofing to offer a three-decibel reduction of noise compared to its predecessor. It'll open in 19 seconds at speeds up to 30 mph. Like the coupe, the convertible drops a bunch of weight — it's now 20-percent lighter than before and 5-percent stiffer. Technology within the Convertible has advanced a few steps compared to the previous generation. The Convertible offers a rotating display in the center stack, so a driver can choose whether they'd like to see the 12.3-inch touchscreen or uninterrupted wood paneling. Bentley spared no expense on the real wood paneling either. Each car uses over 107 square-feet of the nicest lumber Bentley can get its hands on. A new neckwarmer is apparently warmer and quieter than before, and now it also has heated armrests. A couple different technology packages will be offered at launch. One is called "City," and adds hands-free trunk operation, traffic-sign recognition, city braking systems and a top-view camera. The other is called "Touring" and it tacks on adaptive cruise control, active lane assist, a head-up display, infrared night vision camera and pre-sense braking. Frankly, it feels like many of these options should be standard like they are on a $30,000 Honda Accord. All the other pertinent equipment is virtually identical with the 2019 Continental GT we already drove.