There are many vintage Ferrari models that end up on the auction block, but this one is something truly special. It is an extraordinarily rare 1957 250 TR prototype that could bring in $20 million dollars at Gooding & Co.’s Pebble Beach luxury car auction next month. If this occurs, it will shatter the world record!
1957 Ferrari 250 TR
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Read More… from Vintage Ferrari Prototype to Sell for $20 Million? This Would Steal the Record!
For the past six years, drivers of hybrid cars in California had the luxury of life in the fast lane: permission to drive in the carpooling lane normally reserved for carpoolers with 2 or more passengers, completely alone. Now hybrid drivers of California are facing the loss of that privilege, coloring their once green faces red with anger.
The stickers issued to drivers of hybrids and luxury hybrid vehicles, allowing them to roll freely through carpooling lanes, are about to expire, and will not be renewed. The right to drive in the carpooling lanes began as an incentive to buy vehicles that used less fuel and were kinder to the environment. Now the road is being cleared for a generation of even cleaner smart cars, with 40,000 green bumper sticker decals soon available to owners of “partial zero-emission” vehicles.
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Read More… from California Hybrid Drivers Lose Special Privileges
Luxury carmaker Aston Martin has announced intent to cut production of the Rapide model, citing lower than expected sales for the luxury car model.
Aston Martin Rapide
This is sad and surprising news, because the luxury car market is on the road to recovery and the Aston Martin Rapide is an impeccable example of the brand, and would be a superb Aston Martin rental in any exotic rental car fleet.
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Read More… from Aston Martin Cuts Production of Rapide Amid Rapid Sales Decline
Gas prices have everyone hot, especially when they hit around $4 per gallon…everyone but Chevy Volt owners, that is! Jeff Parmet, proud owner of the Chevy Volt hybrid car, has recently purchased fuel for the first time, a full six months after buying the car! And no, it was not simply sitting in his driveway!
The Chevy Volt is touted as a city car
Parmet is not the only one smitten with electric hybrid technology; Chevy Volt owner Jay Leno captured headlines when it became a member of his famous fleet of rare and exotic cars!
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Read More… from Chevy Volt Owner Drives 6 Months Before Buying Gas!
Porsche is recalling an estimated 1,702 units due to a center-locking hub that can loosen the wheels. Those models include the Porsche 911 GT2 RS, 911 GT3, 911 GT3 RS, 911 Turbo and the 911 Turbo S. If you own or are the owner of a Porsche rental mentioned above, the company will correct this issue free of charge.
This huge recall stems from the center-locking hub and wheel assemblies because as the hubs experience premature wear, the wheels have the potential to loosen, creating the danger of a crash for the luxury car drivers. The recall affects the above-mentioned Porsche models for 2010-2011 that were manufactured from May 18th, 2009 through September 17th, 2010 and were equipped with center-locking hub and wheel assemblies.
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India is saturated with millionaires. Newly wealthy Indians are creating a luxury car market boom, enticing many luxury car companies to open operations there. Aside from luxury cars, what items are India’s super rich buying these days?
In a study conducted by Kotak Wealth Management, the newly wealthy folks in India are buying customized holiday packages, luxury watches, diamonds and jewels and home electronics (smartphones and high-end cameras)…in that order. I assume that Indians also splurge on exotic car rentals while on holiday, especially in destinations like Miami and South Beach!
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Rolls Royce dealership
Ultra-luxe Rolls Royce Motor Cars has resumed adding dealers to its U.S. operations once again, displaying increasing demand for its luxury cars here in the States. While it is certainly true that the supreme luxury cars and Rolls Royce rentals are highly sought after in the United States, sales definitely dropped dramatically during the economic downturn.
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Luxury cars are littering the streets of New Delhi…much like garbage! New Delhi’s Directorate of Revenue Intelligence (DRI) say that owners are abandoning their luxury vehicles to avoid getting busted for an elaborate tax evasion scheme that has been going on. Hmm…perhaps these auto owners should have opted for an exotic rental car if they couldn’t afford to play!
Abandoned luxury cars line New Delhi, Dubai and other cities
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Who wouldn’t want to own a yacht in China?
With the China luxury car market absolutely booming, yacht makers are hoping to become the latest to benefit from the recent influx of wealthy Chinese. According to financial fetish types at Forbes there are approximately 875,000 Chinese millionaires and nearly half of them want to buy a yacht.
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While luxury car sales are absolutely insane in China and Asia, they are at a sort of standstill in the States. The reasons for the U.S. luxury car market sales lag are not all obvious, but sales could definitely use some traction. Detroit luxury cars Vs. China helps to understand part of this trend, but does not explain it all.
Porsche luxury car
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