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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

Lamborghini Huracan Superleggera sounds great around the Ring

One of the most exciting things about Lamborghini launching an all-new vehicle is that we have years of increasingly faster, more aggressive variants to look forward to. For the Huracan, that inevitably means the arrival of a Superleggera model. While we've published spy shots of the Huracan Superleggera in the past, this is the first time we've seen and heard the car in motion. The video opens with a pair of the lightweight monsters positively (and unsurprisingly) embarrassing a Mercedes-Benz S-Class, and then carries on with plenty of V10 wailing around the famed track. Unlike our first shots of the Superleggera, which featured a mostly unchanged body, this video reveals far more significant exterior changes. Most noticeable is a hefty – and possibly fixed – rear wing. Lamborghini's designers also made significant changes to the front fascia, with a more prominent chin spoiler and additional vanes to manage air entering the lower intakes. In back, Lamborghini added a large rear diffuser and removed the box-like appendage on the back of the car with a more production-ready finish. That probably means we're seeing (and hearing) the Superleggera's new exhaust in a more finalized form. We're still counting on seeing the Huracan Superleggera before the end of 2016, possibly in September, at the Paris Motor Show. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Automotive Mike via YouTube Spy Photos Lamborghini Coupe Performance Supercars Videos spy video lamborghini huracan superleggera

Lamborghini and MIT to debut new supercar concept next week

Today, Lamborghini released a teaser of what it's calling the "vision for the super sportscar of the future." The new concept will debut next week in a partnership with the Massachusetts Institute of Technology, and there's buzz that it might employ a nontraditional type of battery to boost performance. MIT is, after all, working on solid-state lithium batteries with greater energy density and perhaps a lower failure rate. More energy density could mean either lower weight per unit or greater energy storage overall. Both would be excellent attributes for a high-performance Lamborghini. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. EmTech 2017 is a tech conference hosted each year at MIT. It may sound strange to reveal a concept outside of an auto show, but this really isn't all that much difference than a new debut at CES in Las Vegas. And if MIT is lending a hand with some of the tech this car will use, and if it's as groundbreaking as we think it might be, even more reason to debut it at this conference. We don't know exactly what the concept will preview. It could be an advanced technology demonstrator, or it could preview a replacement for the Lamborghini Aventador. We'll know more next week. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.