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McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

Horace takes the lead on road safety

MORE BITE has been added to the Think! road safety campaign in the form of animated figure Horace the dog. Created by Wallace and Gromit company Aardman, Horace has been introduced to highlight a road safety competition in which schoolchildren will be asked to create their own short animated films to communicate key road safety messages to fellow pupils.

Infiniti EV put on hold to concentrate on volume sales

An Infiniti EV based on the Nissan LEAF (previewed by the LE Concept above) have been put on hold Nissan’s luxury arm, Infiniti, is on a global push to try and make inroads in to the dominance of Lexus in the luxury Japanese car arena, and has ambitious plans to be selling 500,000 cars a year by 2017. But Infiniti sold only a third of that total in 2012, so any chance of hitting the lofty target of 500k cars in the next five years means they must concentrate on volume cars, not niche cars like a Nissan LEAF based EV. That means the LEAF-based Infiniti LE EV Concept we saw at the New York Auto Show in 2012 will stay as a concept for the foreseeable future as Infiniti boss, Johan de Nysschen, seeks volume cars that will push the brand forward and bring proper sales numbers.