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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.

Lamborghini Countach LP 500 prototype reconstruction baptized on track

After making a static debut at the Concorso d'Eleganza Villa d'Este, the reconstructed 1971 Lamborghini Countach LP 500 prototype has met the track for a proper shakedown. A banner day for all involved, no doubt, Pirelli loaned its Vizzola Ticino test track to Lamborghini, collector Albert Spiess from Germany and the contributors who helped create the car from scratch. Spiess said he saw the original prototype at the Geneva Motor Show and then put a Countach poster on his wall as a kid, determined like so many other children for the next 15 years to have one. With the Geneva show car destroyed during crash testing, Spiess eventually determined to convince Lamborghini to build one anew. It likely didn't take him more than 25,000 hours of cajoling to get a "Si" from the principals in Sant'Agata Bolognese, but that's how long the carmaker's historic division, Polo Storico, spent on the reconstruction. Polo Storico chief Stefano Castricini said it took "mad and desperate" research through archival materials, on top of the interviews with original workers and help from suppliers like Pirelli and PPG.   It doesn't look like they worked the LP 500 too hard on track, but it's not like they needed to. In a world awash in seven-figure customs and restomods from manufacturers, and smaller makers putting out cars with specs to make your eyes go googly — there will probably be three more announced next week — this one is special at any speed. For any who'd like to see it for themselves, this very item will be on display at Lamborghini's MUDETEC Museum of Technologies in Sant'Agata Bolognese until November 15, alongside the bare tubular chassis of the production LP 400 (the customer cars got a more reliable 4.0-liter 12-cylinder instead of the prototype's 5.0-liter unit), the second production LP 400 to go down the line, and a Countach 5000 Quattrovalvole. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

The ultimate Lamborghini Miura is for sale

There's no such thing as an ugly Lamborghini Miura, but the one currently for sale by Bingo Sports in Japan is something truly special. Starting life as a 1968 example, German Lambo importer Herbert Hahne had this beauty converted into a custom Jota SVR. The authentic Lamborghini Miura Jota started as a project to take the company's supercar racing, and the one-off featured a plethora of upgrades, including lower weight, aero adjustments like fixed headlights, extra power, and much more. The car met an untimely end when its wealthy owner had a crash in Italy. However, a few Miura owners wanted one, as well, and the factory did a handful of conversions to create examples that are incredibly valuable today. According to Bingo Sports' listing, Hahne's car is something a bit different. He had a '68 Miura transformed with this shapely body in 1975. The design now sports incredibly wide rear fenders to fit some serious tires at the back. He also had a rear spoiler added to the engine cover that placed the wing right on top of the roof when closed. The interior was also refitted with some comfy leather-covered Recaro seats and a Blaupunkt stereo. Within about a year of the custom work, the Miura made its way to Japan. The supercar has lived there ever since, and a three-year restoration was reportedly just completed. That's not too hard to believe because the photos show every surface of this unique supercar as practically immaculate. There's no price listed on this beauty, but we did inquire with Bingo and will update this post if and when we hear back. Related Video: