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The most expensive cars ever: Ferrari 250 GTO sells for $38 million

By Tim Pollard Motoring Issues 15 August 2014 10:19 A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week. At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed. Tellingly, seven of the top 10 most expensive cars ever sold at auction were Ferraris (see our list below).

Bugatti Veyron Centenaire heads for Geneva – Rumour!

I have to say rumour, because Bugatti are not exactly reliable with information! We’ve heard rumours before that they are producing a ‘Sang Noir’ version of the Targa-Topped Grand Sport, but they’ve gone quiet on that. But now we’re hearing solid rumours, as Bugatti is 100 years old this year, that they are going to be showing a very special anniversary edition of the Veyron – The Bugatti Veyron Centenaire – at Geneva ‘o9 next month.

Most hybrid owners don't buy another hybrid, Polk study says

Almost two-thirds of U.S. hybrid buyers returning to the market in 2011 chose something besides another hybrid. Excluding owners of the best-selling Toyota Prius, the repurchase rate among other hybrid buyers dropped to 22 percent, according to a Polk study released today.