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Why Italians are no longer buying supercars

Italy is the wound that continues to drain blood from the body financial of Italian supercar and sports car makers. The wound was opened by the country's various financial police who decided to get serious about superyacht-owning and supercar-driving tax cheats a few years ago, by noting their registrations and checking their incomes. When it was found that a rather high percentage of exotic toy owners had claimed a rather low annual income - certain business owners were found to be declaring less income than their employees - the owners began dumping their cars and prospective buyers declined to buy.
Car and Driver has a piece on how the initiative is hitting the home market the hardest. Lamborghini sold 1,302 cars worldwide in 2010, 1,602 cars in 2011 and 2,083 cars in 2012 - an excellent surge in just two years. In Italy, however, it's all about the ebb: in 2010, the year that Italian police began scouring harbors, Lamborghini sold 96 cars in Italy, the next year it sold 72, last year it sold just 60. The declines for Maserati and Ferrari are even more pronounced.
Head over to CD for the full story and the numbers. What might be most incredible isn't the cause and effect, but where the blame is being placed. A year ago the chairman of Italy's Federauto accused the government of "terrorizing potential clients," this year Luca di Montezemolo says what's happening has created "a hostile environment for ­luxury goods." Life at the top, it ain't easy.

Leno's Lamborghini Espada is a freshly restored super-wagon

To give you a sense of why we love Jay Leno, outside of just his taste in cars and ability to preserve so many of them, is that he didn't always have a massive warehouse full of exotics. At one point during his 30-year ownership of this 1969 Lamborghini Espada, it was his only car. Now it has somewhere north of 100k miles on it (he doesn't know exactly because the odometer stopped working at one point – go figure!), and it's still driving great. Leno claims he have it a mechanical refresh about 10 years ago, mostly to clean up some dodgy wiring, and it is fresh out of a cosmetic refresh to address some rust bubbles in the quarters. The V12 is healthy – Leno credits that to letting it warm up before setting off – and it sounds phenomenal. Other than some minor upgrades, like a modern air conditioning system and some added sound insulation, it's mechanically stock. Inside, there's plenty of room for four adults, and Leno's large frame fits just fine in the driver's seat. The Espada set Leno back $26,000 in 1986, when he considered buying a Ferrari 330 GTC. The Ferrari was $2,500 more, so he picked the Lamborghini. Now, that 330 GTC is a $1m+ car, and the Espada? Not so much, although they are appreciating. Don't cry too much for Leno, he turned out all right. Just enjoy the Espada ripping along in sunny California, making all the right noises. Celebrities Lamborghini Wagon Classics Videos Jay Lenos Garage lamborghini espada

Pope Francis gets a papal-themed Lamborghini Huracan

Lamborghini picked a special recipient for the newest and rarest version of its Huracan RWD, giving an ultra limited-edition version of the supercar to Pope Francis in a ceremony Wednesday at the Vatican attended by company executives. The new Popemobile, it's not. Fittingly, according to Catholic News Agency, it's the seventh version of the Huracan, the Italian company's entry-level model. It's set to be auctioned at RM Sotheby's on May 12, 2018, with orders from the Holy See to split the proceeds between three charitable causes: restoring villages on the Nineveh Plain in Iraq, helping victims of human trafficking and supporting missionary work in Africa. The papal Huracan RWD is done in Monocerus white with Tiberio yellow stripes running along the hood, roof and body, reflecting the colors of the flag of Vatican City. It was blessed and autographed by the pontiff in the presence of Lamborghini Chairman and CEO Stefano Domenicali, board members and two employees who helped build the car. The Huracan is the successor to the Gallardo, Lamborghini's best-selling model of all time, with a design inspired by the hexagonal form of the carbon atom. It's powered by a naturally aspirated, 5.2-liter V10 that makes 602 horsepower and 413 pound-feet of torque. Normally, the sports car starts $199,800. But a version blessed and autographed by the pope? Priceless...Related Video: