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$1.3B worth of classic cars were auctioned in 2014

The collector auto market in the US just continues to expand with the values of vehicles seemingly only growing in the past years, especially if they have a prancing horse on the hood. This year was no different. According to data compiled by classic car insurance agency Hagerty, there were about $1.3 billion worth of vintage rides auctioned in North America in 2014, up just slightly from $1.2 billion crossing the block in 2013. If you want an idea of just how big a role the Monterey Car Week plays in the North American collector hobby, Hagerty's stats illustrate it perfectly. The company recorded $430 million in auction sales during the week – about a third of the entire market for the year. The event also hosted the biggest seller of 2014 when the hammer fell on a 1962 Ferrari 250 GTO (pictured above) for $38.115 million at Bonhams. In fact, vintage Ferraris in general were among the top buys in the classic auto world in 2014. Eight of the ten most expensive vehicles sold at auction were Prancing Horses (the other two were Ford GT40s). Also, the insurance company's price index for these Italian stallions showed a 43-percent gain in value for the year. The market for another Italian supercar is exploding, as well. The Lamborghini Countach showed a staggering 175-percent growth in auction value in 2014. According to Hagerty, the average price when they crossed the block was $736,599. Judging by Hagerty's numbers, there were still some places to look for those hoping to spend a bit less money. The Aston Martin Lagonda showed a strong gain in value with a 32-percent increase in auction price, but they still averaged $47,078. In addition, the company's index for '50s American cars showed only one-percent growth for these classics. These huge leaps in collector car value might be winding down, according to Hagerty. It predicts growth in the market to slow to an estimated five percent gain in 2015. Maybe a few of these classics might actually become a bit more affordable to fans without such deep pockets sometime in the future. Featured Gallery Bonhams Maranello Rosso Collection: Monterey 2014 View 21 Photos News Source: HagertyImage Credit: Copyright 2014 Drew Phillips / AOL Aston Martin Ferrari Lamborghini Auctions Car Buying Performance Classics aston martin lagonda ferrari 250 gto Lamborghini Countach collector cars 1962 ferrari 250 gto auto auction

Ferrari wants upcoming SUV to stand out in increasingly crowded segment

Whether you like it or not, Ferrari's highly controversial SUV is well on its way to production. The Purosangue won't be the firm's first four-seater; its family tree is full of luscious 2+2s. But it will be the first high-riding model with the Prancing Horse emblem on its nose. Conquering this territory is presenting the brand with unique engineering challenges. Independent from Fiat since 2016, Ferrari isn't exempt from the need to save money through economies of scale, so it will build the Purosangue on a modular platform shared with other upcoming front-engined cars. The SUV will offer a height-adjustable suspension, and an available plug-in hybrid powertrain, according to British magazine Autocar. The publication added the gasoline-electric setup will be built around a new, twin-turbocharged V6, but a flagship model with V12 power will likely slot at the very top of the range. Mid-range model might use a V8. The design brief Ferrari gave engineers and designers was relatively simple: The Purosangue needs to stand out from the other luxurious SUVs on the market. It can't be a copy of the Lamborghini Urus, the Bentley Bentayga, the Rolls-Royce Cullinan, or whatever Maybach is cooking up. Michael Leiters, the company's chief technical officer, thinks his team has nailed it. "I think we've found a concept and a package which is on one side a real SUV, and will convince SUV customers to buy it, but on the other side there's a huge differentiation of concept to existing SUVs," he enigmatically told Autocar. He stopped short of providing more concrete details, including his definition of a real SUV. We're not expecting the Purosangue to follow a Jeep Wrangler down the Rubicon Trail, or to outpace a WRC car on a rally stage, but it should be capable of light off-roading.  The Ferrari Purosangue is tentatively scheduled to make its debut in 2022, meaning it might arrive for the 2023 model year, and pricing will almost certainly start north of $300,000. It's one of 15 new models the firm plans to release by 2023 in a bid to fatten its profit margins without diluting its image

Mysterious Ferrari may be rumored Dino

At first glance, this Ferrari 458 looks innocuous, but several signs suggest the black coupe might actually be a test mule for a future revival of the Dino name. Unfortunately, one of the biggest hints to the car's identity is sonic rather than visual. According to our spies, the engine doesn't sound like company's naturally aspirated V8 or the turbocharged mill in the new 488 GTB. That suggests the possibility of a V6 being mounted behind the driver here. The lack of exhaust pipes poking out the rear further hints that something is amiss with the powerplant. The large intakes on each side should be plenty to feed cool air to the Dino's rumored twin-turbo V6, as well. A version of the 510-horsepower mill from the new Alfa Romeo Giulia Quadrifoglio is possibly in this Prancing Horse, but FCA execs are very cagey about discussing any connection between that engine and Ferrari. According to FCA CEO Sergio Marchionne about the revived Dino, "It's a when not an if." Marchionne indicated the model could pack around 500 hp and be lighter than a 488. "The six-cylinder response has been positive," he said. The smaller displacement powerplant would also mean lower taxes in China. The Dino would reportedly be positioned to take on the entry-level rung of supercars like the Audi R8 and McLaren 570S. Unfortunately, an actual launch could be as far away as 2019. So expect to see many more spy shots until then. Related Video: