While Bugatti recently became a joint venture run by EV hypercar maker Rimac, fans of the marque will likely celebrate that the latest model, called Tourbillon, uses a 986-horsepower V-16 internal combustion engine. It also uses three electric motors that contribute nearly 800 more horses to the corral. So, yes, this one has EV genius Mate Rimac’s imprint all over it. The Tourbillon promises 0-60 in two seconds and a 277-mph top speed. Starting in 2026, Bugatti will build just 250 of these hyper hybrids, with a starting price north of $4 million.
While hurricane season is just starting, Lamborghini Huracán season is ending after 10 years. Lamborghini is sending the car out with a special track model, building just 10 examples. The Huracán’s plug-in hybrid replacement is likely to be much more powerful than the outgoing model. That’s just the start of the “electrifying” news sweeping through the upper part of the premium car segment. It looks like gas engines will stick around for a while, but there will be more plug-in hybrids coming, and, yes, even an all-electric Ferrari.
This year’s Amelia Island auctions numbered three, as RM Sotheby’s took its sale to Miami. The four auctions together grossed over $186M. Gooding & Company had the highest gross and the top individual sale, a single-family-owned 1903 Mercedes-Simplex selling for $12.1 million. Next-highest were three super-rare Ferraris in the $4M neighborhood, with a 1930 Duesenberg close behind. Some interesting “pairs” or rare cars turned up across the auctions, too.
January kicked off collector-car auction season with a big bang and big dollars. Following Mecum’s $275M haul in Kissimmee, Florida mid-month, the traditional Arizona auctions added about $245M more to the tally, with $200M of that from Barrett-Jackson’s no-reserve sale in Scottsdale. Bonhams, though, had the highest-priced auction sale in Arizona, with $5.175M buying a Bugatti Chiron Super Sport 300+ (as in 300+ mph test-track capability) for a car with just Bugatti’s test and delivery miles.
Has inflation taken a bite out of the exotic car market? Premier Financial Services Midwest Regional Sales Manager Ross Dressel has seen a dip in activity in the $200K-$500K heart of that segment. But meanwhile, “affordable” pre-owned exotics and classics in the $75K-$200K range are getting more action for America’s #1 exotic and classic car lease financing provider. Who’s up? Who’s down? Read here to find out.
What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
If you’re heading to Monterey Car Week in August, consider Concorso Italiano a must-see event Saturday, August 19 on the fairways of the Bayonet Golf Course in Seaside, California. This unique show displays nearly 700 cars and motorcycles, covering the gamut of 10 different marques. Alfa Romeo, Ferrari, and Lamborghini dominate in sheer numbers, while other Italian classics, exotics, and obscure models offer many more compelling treats to see. The atmosphere is casual-festival, with an emphasis on fun.
You can’t get a manual transmission from Ferrari or Lamborghini today, but collectors are willing to pay hefty premiums for their last stick-shift models. This trend specifically applies to the cars that offered the choice between the real manual and the “robotized” manual, which Ferrari called F1 and Lamborghini called E-Gear. Today, a Ferrari F430 with the stick-shift can command a 100% premium over the F1 model. Some independent shops are even providing conversions back to full manual transmissions. Is that a wise purchase?
Is there a hotter rivalry in the premium car arena than Ferrari v Lamborghini? Buckle up, it’s only going to get hotter as this decade unfolds. Hot on the trail of its Purosangue, Ferrari unveiled the new Roma Spider. This stunning soft-top will replace the Portofino M in the line. Meanwhile, Lamborghini has unveiled the chassis and powertrain for its upcoming 1,000-horsepower hyper hybrid and confirmed plans for two more hybrids and then two battery EVs. Never a dull moment with these two Italian supercar superpowers.
