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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).

New Renault Megane Estate – a Sport Tourer

Details on the Renault Megane Estate released We think this might be a bit of a Marmite’ car – love it or hate bit. To our eyes it looks pretty stylish, following the current style for swoopy estates (or Sport Tourers) in the mould of cars like Vauxhall’s new Insignia Sports Tourer. The Megane Estate comes in a bewildering array of models and engine sizes, with a total of fourteen engines on offer.

Toyota, Lexus cars recalled to fix brake leak

Toyota is recalling more than 1.5 million cars around the globe for brake and fuel-pump problems. This now brings Toyota's recall tally to more than 14 million vehicles around the world in the last year, many for unintended-acceleration issues. So what does this mean for you?