Welcome to our latest news page. Here we'll be discussing what's new in the classic car industry.
Porsche Announces Plans to build the 911 Speedster
Porsche Announces Plans to build the 911 Speedster - Concept car unveiled in June to become a reality.
The model here is the concept edition of the Speedster but it’s likely the production model will look very similar. Whilst the chassis, engine and gearbox are borrowed from the GT3 (a naturally-aspirated flat-six producing over 500bhp), the body is based on the Carrera 4 Cabriolet but with shortened window frames, a more steeply-raked windscreen, a carbon fibre rear deck and carbon front wings. It has also been given new 21-inch centrelock wheels, red-tinted daytime running lights, red headlights and a black leather interior. Hopefully, it will keep the Guards Red exterior reminiscent of the 911 Speedsters of the 1980s.
The Speedster will go into production early next year. And we can’t wait to see the result.
Ferrari 250 GTO sells for £48.4 Million!
It’s been only a few days since everyone began bemoaning the absurd price of the Bugatti Divo. At £4,500,000, it’s expensive enough to make even
the most ostentatious of oligarchs swallow their Adam’s apple in shock.
The car that sold just yesterday at an auction in California however makes the Divo look like a bit of Primark amongst Armani.
This very beautiful Ferrari 250 GTO you see here - sporting the rather lovely Series II body - just sold for an absolutely gobsmacking $48.4MILLION!!
That’s just over £37,500,000 for those of you on this side of the pond. In other words, you could buy 8 Bugatti Divos for the price of this
one car and still have £1.5million change!!
This breaks the record for the most expensive car sold at a public auction. Notice the use of the word “public”, because a couple of months ago
at a private auction, a different 250 GTO sold for a staggering $70MILLION!!
The GTO that sold yesterday is a particularly special one, as it was the 3rd of the 36 cars to come off the production line.
It was then thoroughly put through its paces by Formula 1 world champion Phil Hill in preparation for the 1962 Targa Florio.
We can only presume his testing did some good, because the car went on to win the TF for the following 2 years, and it also won
the Italian National GT Championship in 1962.
Today, it still retains its original engine, gearbox, and body. Having been in the collection of Gregory Whitten for two decades,
it’s now gone to another home for the price of nearly fifty-million dollars!
Photo credits: RMSotheby's
Driving Requirements in Europe
Take a journey through this quick guide to what you need to know for your European destination.
Click here for an interactive map
New MOT Rules effective 20th May 2018
MoT exemption changes 2018: 13 things you need to know
On 20 May 2018, the UK's MoT laws will undergo a major overhaul with significant consequences for classic car owners.
So what's happening? And how will the changes affect you?
Well, it's complicated.
But don't worry, we've broken it all down for you in this simple guide below.
1. Classic cars more than 40 years old will no longer need an MoT...
This is the big one for classic car enthusiasts. Whereas before only cars first registered before 1960 were exempt from needing an MoT, the new rules apply to any car first registered more than 40 years ago – with some exceptions, which we'll go into below.
That means that most cars first registered before 20 May 1978 will no longer need an MoT once the new regulations come into effect. What's more, the '40 years' rule is a rolling date. So if your car was first registered on 1 June 1979, you won't need an MoT after 1 June 2019. And so on.
2. ...unless they do
As always with these things, there are exceptions. Lots of them.
The main one, which created a fair bit of confusion when the changes were first announced, is that the 40-year rule does not apply if the vehicle has been substantially changed in the past 30 years.
There was, obviously, some consternation about this clause – what constitutes 'substantial change'? – but late last year the government clarified the issue.
You can read the full government guidelines here (warning: they're long), but in short, the rules state that 'substantially changed' refers to the technical characteristics of the main components being altered, where the 'main components' are:
- Chassis and Monocoque bodyshell changes
- Axles and running gear, specifically alterations of the type/method of suspension or steering
- Engine changes, although merely changing the cubic capacities of the same basic engine should be fine
3. There are loads of exceptions to the exceptions
To further complicate matters, the 'substantial changes' rules are themselves subject to lots of sub-clauses. For instance, they won't apply if:
- the changes were made to preserve a vehicle where original parts are no longer available
- the changes were made when vehicles of the type were in production or in general use (within ten years of the end of production)
- changes were made to axles and running gear in order to improve efficiency, safety or environmental performance
4. Certain other types of vehicle are not exempt, even if they haven't been substantially changed
There are several of these, but the most common will be commercial vehicles, with the rules stating that "large goods vehicles (i.e. goods vehicles with a maximum laden weight of more than 3.5 tonnes) and buses (i.e. vehicles with 8 or more seats) that are used commercially will not be exempted from periodic testing at 40 years".
Vehicles that are still in production are not exempt, either – though we're struggling to think of many models that have been in production for more than 40 years anyway.
Cars (and motorbikes) with a Q registration will also still need to be tested, as will kit cars assembled from different makes and models, or kit conversions that add new parts to old, and 'reconstructed classic vehicles' as defined by the DVLA.
However in each of these four cases, if your vehicle is taxed as a historic vehicle and hasn't been substantially modified in the past 30 years, it can still be considered to be a Vehicle of Historic Interest (VHI).
Still with us?
5. Classic cars which didn't need to be MoT tested before may now need to be
Oddly, given that so many more cars now won't need to be tested (estimates put the figure at 293,000 more exemptions), there are some older cars that will now fall foul of the regs.
Until the 20 May changes, most cars first registered before 1960 were exempt from the MoT laws. After 20 May, the 'substantially changed' rules will apply. So if you own a 1959 XK150 that's got a different engine in, you'll now need an MoT to be able to drive it on public roads.
Then again, if you own a 1959 XK150, why have you put a new engine in it anyway?
6. Even if you don't need an MoT, you will still need to keep the car in good nick
This one's obvious, but the rules clearly state that you are still obligated to "keep the vehicle in a roadworthy condition".
They also suggest they you can voluntarily get the car tested, and that's certainly something we'd advise unless you really know what you're doing.
7. To get exemption from the MoT you'll need to register as a Vehicle of Historic Interest (VHI)
When taxing your car, you'll need to declare that it is exempt from the MoT process, and confirm that it has not been substantially changed in the past 30 years.
You'll also need to have registered it as a VHI – which you'll do at a Post Office by completing a V112 declaration form.
If it's not registered as a VHI or has been substantially changed, you'll still need an MoT to keep driving it.
8. Not everyone is a fan of the new rules
So why are these changes happening? Well, it's ultimately down to the Department for Transport, who say that historic vehicles are generally well maintained and used mostly for short journeys, and that the modern MoT is no longer relevant to cars over 40 years old.
But clearly, many people in the classic car world don't agree. The DfT consulted with 2141 individuals, clubs, trade bodies and businesses before making its decision, and of those just 899 were in favour of extending the exemptions, with 1130 opposed.
Many of those questioned cited safety concerns, although the option will remain for owners of pre-1978 classics to voluntarily submit their vehicles for an MoT. It's worth noting, though, that just 6% of owners of pre-1960 vehicles – those currently exempt from the test – still undergo testing.
The Federation of British Historic Vehicle Clubs (FBHVC) was heavily involved in the consultation process – you can read some thoughts from them on the issue here.
9. There are plenty of other MoT changes coming into effect
This is one of the biggest overhauls of the MoT process for years, with changes that will affect every car on the road. The exemptions for classic cars are among the biggest differences from the previous regulations, but every driver, however old their vehicle, should be aware of the new rules.
10. Most of the changes are to comply with EU laws
Regardless of where you stand on the whole Brexit thing, it's a fact that right now the UK remains part of the EU – and that means we have to comply with EU Directive 2014/45, which comes into force on 20 May 2018.
Not only could the government receive substantial fines for failing to comply, but drivers without an EU-compliant MOT might not be allowed into other EU countries.
All that said, the change that we're mostly concerned with here – that which affects classic cars – is purely a UK government decision.
11. The new MoT test will be more rigorous
Assuming you own a post-1978 classic, or have substantially changed your vehicle in the past 30 years, you'll need to get to grips with the new test.
The main change is that MoT testers will use a new system of recording faults, with all defects categorised as either Dangerous, Major, or Minor.
A Dangerous or Major defect will mean that the car can not be driven until it's repaired, whereas a Minor one should be repaired but can be driven in the meantime, and won't result in a fail. Testers can also still give Advisories if they choose.
The results will also now be presented in new, simplified forms.
12. Diesel cars will find it tougher to pass
The war on diesel isn't going to end any time soon, and the new rules state that you'll get an instant Major fault and a fail if there's any smoke coming from the exhaust at all. You'll also get a fail if there's any evidence that the diesel particulate filter (DPF) has been tampered with.
Emission levels will be tested against the manufacturer’s plate value, and if there isn't one then the tester will use a new – and lower – default limit.
13. You should probably read the full government guidelines
We've tried to cover everything here, but as we've said there's a lot of info and many, many exceptions and clauses. So we suggest you check out the government's full guide to the changes if you think they're going to affect you.
Alloy-bodied Daytona discovered in Japanese barn
World’s only road-going alloy-bodied Daytona discovered in Japanese barn!
Ferrari celebrates its 70th anniversary!
Hundreds of Italian classics to be sold with no reserve!
More than 430 classics are set to be auctioned without reserve at Milano AutoClassica from 25-27 November, with hundreds of other fascinating lots ranging from vintage speedboats and bicycles through to period enamel advertising signs.
The vehicles and motoring ephemera form RM Sotheby’s Duemila Ruote sale, an auction of assets formerly belonging to businessman Luigi Compiano and seized by the Italian government three years ago.
With rock-bottom estimates, no reserves on even the priciest lots and, in many cases, cars being sold with no documents, this auction represents an unprecedented opportunity to pick up a bargain. Here are a few of the highlights:
1966 Ferrari 275GTB/C Alloy
The first of seven long-nosed, six-carburetor, alloy-bodied 275GTBs is expected to be the star of the sale. Recently serviced by a marque specialist within sight of the Ferrari factory and boasting an impressive history including single-family ownership for 36 years, all eyes will be fixed on this car. It’s result could set the tone for the sale.
2004 Maserati MC12
With just 50 examples ever built, Maserati’s take on the Ferrari Enzo is a rare beast indeed. This example was delivered new to Verona and has covered less than 6000km throughout its lifetime. It as sent to the official Maserati dealership in Modena for a full service and check over to ensure it’s ready for the road. It’s expected to be the second biggest seller.
1992 Ferrari F40
This Ferrari F40 was originally delivered to Switzerland, and in its time was fitted with non-standard wheels, a new nose, flared arches and uprated suspension. It returned to Italy in 2007, when it received its 30,000km service – though it’s got less than 26,800 on the clock – and was recently serviced prior to the sale.
1969 Ferrari 365GTB/4 Daytona Berlinetta
Expected to be the fourth best-seller at the auction, this desirable Plexiglass specification Daytona is sure to draw plenty of attention. Despite going through a number of guises since being delivered to Maranello Concessionaires in 1969 (it left the factory in Blu Dino, was then painted grey and, later, red), it retains its original matching numbers engine and gearbox, making it a prime candidate to return to its factory specification.
1994 Bugatti EB110 GT
Ferrari’s F40 may have grabbed the headlines, but with just 139 examples having ever been built, it’s the Bugatti EB110 that will offer greater exclusivity. This example is finished in Blu Electtrico and retains its original ANSA exhaust system.
1991 Lancia-Ferrari LC2 Group C
Lancia’s Ferrari-engined LC2 hails from one of the most exciting periods in motorsport history: Group C. Running alongside Porsche’s 956, the cut-down 2.6-litre V8 Lancia more than held its own thanks in part to its brutal 650bhp, twin turbocharged power plant. Even with recommissioning and running costs, chassis 0009 looks like incredible value for money.
1935 Fiat 508 S Balilla Aerodynamica
Arguably the prettiest car of the 508 range, the two-seater Aerodynamica was also one of the most competitive, running in endurance races throughout the 1930s. Ripe for restoration, expect this charming berlinetta to be gracing the Mille Miglia entry list in years to come.
1971 Fiat Dino Coupé
1968 Lancia Fulvia Sport 1.3 Competizione Zagato
1965 Mercedes-Benz 600 SWB Sedan
1964 Porsche 356C 1600 Coupé
1973 Alfa Romeo Montreal
1964 Lancia Flaminia GTL 2.8 3C Touring
1947 Alfa Romeo 6C 2500 Sport Touring Coupé Aerlux
1965 Austin-Healey 3000 MkIII BJ8
1965 Jaguar E-type Series I 4.2 FHC
€20,000-30,000See the full list of lots on Sotheby's website here: http://www.rmsothebys.com/tv16/duemila-ruote/lots/?salecode=TV16&sort=est
James Bond Aston Martin DB10 Spectre car sold for £2.4m
James Bond Memorabilia Auction Comes To London
Massive James Bond memorabilia auction comes to London
A huge sale of show-stopping film posters and memorabilia will take place at the Royal Horticultural Society in London on 1 December,
with James Bond's boat from The World is Not Enough set to take a starring role.
The boat was created for and used in one of the opening scenes of the film, which featured a chase on the river Thames.
One of only four ever built, the boat is powered by a 5.7-litre V8 engine and is expected to sell for as much as £10,000.
"We are delighted to offer items from the unique James Bond collection of Marc Slattery," said Coys poster
specialist Adrian Cowdry.
"This important and well-known collection features an unsurpassed amount of film posters and related items spanning
the entire history of the James Bond films, as well as other related collectables."
Other highlights of the sale include an original 1965 Thunderball poster, a brochure from the premier of Her Majesty's Secret Service
and a skull poster from the most recent film, SPECTRE.
The poster used to promote Thunderball has been hailed as one of the best pieces of Bond artwork and is thought to be worth
between £6500 and £10,000.
Adrian Cowdry said: "Originally designed in a four panel format, intended to be cut into two or four for the cinema to use around
the advertising area, this particular version was never cut into sections and is one of the finest examples available."
Meanwhile, the brochure for Her Majesty's Secret Service, which was only ever produced in limited numbers,
could fetch as much as £1500. Also produced in low numbers, the SPECTRE skull poster was created for the
cast and crew of the film and is expected to sell for £700-800.
A brace of first issue film posters from the early 1960s are also expected to attract a lot of interest. The first, a 1962 poster
from Dr No is estimated at £7-8000, while the second, used to promote the 1963 film From Russia With Love
could make as much as £6000.
The sale also includes a number of early novels, such as Man With the Golden Gun (£150-200),
Octopussy (£150-200) and On Her Majesty's Secret Service (£450-500).
For full details of this auction including Classic Cars, please see Coys website:
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