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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.

Aston Martin previews new 5.2-liter twin-turbo V12

Depicted in the teaser video above is Aston Martin's new 5.2-liter twin-turbocharged V12. Beyond those basic specifications, Aston isn't saying much about this new engine or what it will power, but it does promise that the new engine will debut sometime this year. The bulk of Aston Martin's current lineup – basically everything but the V8 Vantage – is powered by a 6.0-liter V12 that dates back to the DB7 Vantage that debuted in 1999. Only where that model produced 420 horsepower, the latest version in the Vantage GT12 produces nearly 600 hp. Which just goes to show how much Aston has been able to do with the aging engine, but everything has its limits, and all good things must come to an end. While the switch to forced induction may mean a less revvy engine, it ought to deliver more torque (as well as lower emissions and fuel consumption). Aston has a new partnership with Mercedes-AMG that is slated to supply the British automaker with a twin-turbo V8. But the German outfit has considerable expertise with twin-turbo V12s as well. The production facility that recently relocated from Affalterbach to Mannheim produces the 6.0-liter twin-turbo V12 that motivates Mercedes' own SL65 roadster, G65 sport-ute, and S65 sedan, coupe, and cabrio, as well as the version for the Pagani Huayra.

Aston Martin Vanquish Zagato Volante is the belle of the Pebble Beach ball

While Aston Martin is showing off the Vanquish Zagato Coupe for the first time in North America, it's also using the Monterey Car Week to confirm a convertible version of the stunning supercar. Limited to just 99 cars – many of which will be spoken for this week by those visiting Aston's Carmel, California pop-up shop – the Volante will share the coupe's enhanced V12, cranking out 592 horsepower. The 0-60 time of 3.7 seconds is almost as quick as the 3.5 touted by the new DB11. And, of course, the topless models will distinguish themselves in several ways aesthetically. The Vanquish Zagato Volante gets the same rounded taillight reflectors and "bladed LED technology" of the Vulcan supercar. Lower carbon fiber sills that run the length of the car add a pronounced, sporty emphasis. Zagato's trademark twin cowls blend into the rear deck, concealing the folded top used in the Vanquish Volante. Design director Marek Reichman says the Zagato version is more muscular and flowing that the coupe. The interior gets the Zagato "Z" quilt pattern stitch on the seats and doors, and an embossed "Z" on the headrests and doors add additional flourish. The Vanquish Zagato Volante is the latest result of Aston's partnership with the Italian design house dating back to the 1960 DB4 GT Zagato race car. Aston says this latest Zagato model is aimed especially for the North American market, much like the 2003 DB AR1, an open-topped Zagato-bodied DB7 that was also limited to 99 units and is now considered a collectible. Aston's pop-up shop this week attracted enthusiasts and owners alike, and featured the cream of the DB lineup, the iconic DB5, DB10 from the latest Spectre Bond film, and, of course, Aston's newest series-production GT car, the DB11. Check out the new Vanquish Zagato Volante in the gallery up top, and the brand's pop-up shop below. Related Video: Featured Gallery Aston Martin Vanquish Zagato Volante View 9 Photos Related Gallery Aston Martin's pop-up shop at Pebble Beach View 9 Photos Design/Style Misc. Auto Shows Aston Martin Convertible Luxury Performance Pebble Beach zagato