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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 teases new Huracan GT3

The Volkswagen Group supports many racing programs among its various brands, but somewhat surprisingly, Lamborghini is not chief among them. Not by a long shot. But even Lambo is getting in on the action with the upcoming launch of the Huracán GT3 previewed in this latest video clip from testing at the Vallelunga circuit near Rome.
The new Huracán GT3 will be Lamborghini's first major in-house competitive racing project, building on the Huracán Super Trofeo spec racer and the previous Gallardo and Murciélago racers that were developed by Reiter Engineering (with varying levels of support from the factory).
Expect the Huracán GT3 to be based closely on the production version, but in order to comply with FIA GT3 class regulations, we can expect that it will have to shed a good few hundred pounds off its curb weight - even more if the Squadra Corse wants to keep the 5.2-liter V10 at the same 600-horsepower output it boasts in road-going trim.

Lamborghini Urus ST-X will race in on- and off-road series in 2020

The Squadra Corse division at Lamborghini gave birth to fraternal twins over the weekend. First came the customer-commissioned, one-off SC18 Alston, an Aventador-based track-day coupe racier than the Aventador SVJ. Then, at the Vallelunga circuit hosting the 2019 Lamborghini World Finals, the motorsports department revealed the Urus ST-X concept. This monster of Sant'Agata will serve a different kind of customer — namely, those who want to enter an FIA-approved one-make race series in Europe and the Middle East in 2020. Lamborghini has supported various one-make series since it produced the 1996 Diablo SV-R. With changing times come changing ride heights and track surfaces: Lamborghini says the "single-brand championship combines racetrack and off-road track." We don't know yet if that means a single track will include asphalt and dirt, or if the overall series will include both kinds of tracks, but we hope for the former. To make the ST-X — which could stand for Super Trofeo X, based on the automaker's other current series' — ready for racing, Squadra Corse amputated a bunch of weight and bolted on competition bits. The matte Verde Mantis concept gets a steel roll cage, fire suppression system, and FT3 fuel tank. Quick release latches on the hood and modified rear hatch replace traditional locking mechanisms. The front end loses the production car's grille and aero aids, becoming a gaping angular void of mesh. A trim rear wing hovers above the backlight, and center-lock wheels fasten the 21-inch, 10-spoke wheels. The simple rear diffuser omits exhaust outlets, because the pipes have been moved to just in front of the rear wheels. The package weighs 25 percent less than the retail Urus, or about the same as an Aventador. Although the hood gains two intakes, the 4.0-liter twin-turbo V8 remains unchanged, putting out 641 horsepower and 627 pound-feet of torque. The company will put the Urus ST-X on track at some point during the six-race, 2019 Lamborghini World Finals. The mixed-surface series will host arrive-and-drive races, providing "driver-customers maximum flexibility and support during weekend events." If you got it, this seems a fine way to flaunt it. Related Video: