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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

Volkswagen Group previews its wares on eve of Geneva show

The Volkswagen Group is comprised of 11 brands producing 240 vehicles across 49 factories throughout the world. So the best way to show off the range of the VW family is to cram a few thousand journalists and VIPs into a massive makeshift stand to outline the Group's goals, what's in the pipeline and what you'll be able to buy later this year.
To that end, VW pulled out all the stops on the eve of the 2012 Geneva Motor Show, bringing along 10 vehicles from across the range. We'll be delving into the details of each over the next two days of show coverage, but before that happens, you can read all about what we saw tonight from the cheap seats after the break.

Lamborghini Huracan Superleggera tests new wheels for a dash through the snow

The top-end Lamborghini Huracan Superleggera was caught testing in the snow this week. While most of the car looks similar to the test vehicles seen at the Nurburgring, there are a few differences. Most notably with the wheels. This is the first time we've seen a Huracan with these spindly five-spoke wheels, which look sharp, and are probably lightweight. They also wear bright red center-locking wheel nuts. This is a distinct difference from earlier prototypes that wore conventional wheels with five lug nuts. As for the rest of the car, there isn't much new to report. The large front and rear vents and rear diffuser remain the same, as do the relocated exhaust and giant rear wing. What is a bit odd is that this winter tester appears to be missing the deep chin spoiler and side scoops of the Nurburgring cars. We assume these pieces were removed only on this test car, since even the standard Huracans feature the large side scoops. Lamborghini probably removed these bits of body work to avoid damaging them in deep snow. When the Superleggera is finally unveiled to the public, we expect it will likely have at least 611 horsepower, like that of the Super Trofeo race car. This would also make sense since the standard model already makes 602 horsepower, so an extra nine shouldn't be a stretch. The Superleggera will also bring the total model count for the Huracan to five, now that the company has revealed the rear-drive LP580-2 convertible. Considering the fact that the previous head of Lamborghini hinted there might be a total of five models, there probably won't be any other Huracan variants coming. Related Video: