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Showing blog posts for November 2011
The Great Depreciation Cloud that can Offer a Silver Lining
By
Eddy Thor
makeandmodel.co.uk
28 November 2011
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With the global economy teetering on the verge of another collapse, anyone with a vague interest in anything automotive cannot help but notice the free-fall in used car prices, especially in the high-end bracket. Zero growth environments across many western economies, consumers and manufacturers tackling rising fuel costs and the increased political pressure to channel R&D towards greener engine technologies, are all creating the perfect storm for free-falling prices in forecourts everywhere.
There are many models in the luxury sector that, due to the cost of fuel, are becoming increasingly illogical for their original purpose. Cars that were lauded five years ago carry technology and engineering that is becoming obsolete when oil is nudging $120/barrel, and there is the spectre of relentless demand from Emerging markets for the black stuff. On top of this, governments are seeking to heap more duty onto the price we pay at the pumps to help relieve the already hemorrhaging public coffers.
Take the BMW M3 for example. In the mid 2000s we saw, what was effectively, an arms race spring up between Mercedes, Audi and BMW in the small luxury Saloon/Coupe sector. The E90 M3 was launched in late 2007 with a high-revving naturally aspirated V8 engine that produced 420 bhp. The car’s powerplant was largely dictated by its competitor, Audi, who had launched their popular new RS4 with a V8 engine. Both cars were lauded by the critics: the chaps who drive them for a few days and then hand the keys back. To live with though, these cars are quite a different proposition. I remember buying one in a fit of pique early in 2008. Switching from a Porsche 911 I remember thinking that the BMW seemed to be guiding me to the pumps more often than I would have liked. I put it down to the fact that the car, being brand new (what was I thinking?!), was taking a while to bed down and that eventually it would start delivering a more economical return. I was wrong, owning the car for three years I only once managed to ring out 300+ miles in one tank and that was driving at 70mph in 6th gear from London to Newcastle. I remember how proud I was of covering such a “long” range. Yesterday I read in the Sunday Times that the new BMW 3.20d has a touring range of 800 miles and can sprint briskly from 0-60mph in 7.5 seconds! By the time I traded out of the M3 I had become obsessed with watching the fuel gauge needle, trying my hardest to be keep the car at low revs and in high gears at all times - what a miserable way to drive such a fabulous car. I averaged 18mpg for 30,000 miles over 3 years.
I have found myself going full circle and back to a car I originally owned 6 years ago. A fortnight ago I collected a 2006 E46 M3 CS from an approved dealer in Glasgow and was shocked at the fuel economy compared with newer V8 powered car. Without trying, I squeezed out 400 miles of motorway touring down towards London. The fuel-tank needle on the straight-6 car had hardly moved a millimetre by the time I drove past Edinburgh. As I left Glasgow and re-familiarised myself with the old M3, I began to wonder why I ever sold my first one all those years ago. It is a good size, has a reasonable boot, the rear seats are no smaller than in the newer model, and has all the performance one needs in the real world. The six cylinder may not have the grunt of the V8 but the “6” is keener and sharper for a mixture of urban and extra-urban driving. I found you had to really work the V8 in its lower gears to get it really hot and bothered, and of course the results were mind blowing, but, guess what? The fuel was getting combusted faster than you could fill the thing up (at £1.35/litre!!).
So, for those fortunate enough to have a few extra pennies to deploy, these unprecedented times are throwing up some interesting buying opportunities. I reached for an “expensive” E46 M3 and shelled out £17.5k for the rarer CS version (£45k when new), but good, standard stock examples are available for around the £13-16k mark – astonishing bang for your buck. And if you just want a sportscar car for weekend driving, I would not discount the newer V8, just be aware its shorter range, heavy penchant for premium unleaded and Michelin Pilot Sports sneakers. Expect to pay no more than £25k for a 35k miler (£55k when new). The deals continue among other thirsty, heavily depreciated V8s or performance cars that were manufactured in large numbers, particularly the Porsche 911 (997s). Audi S5s, Mercedes C63 AMGs, Maserati Gran Turismos and Nissan GTRs are all taking a bath and still have further to go with so much uncertainty paralysing the broader economy. If you decide to buy, there are bundles of fun to be had!
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Top Cars from Around the World
By
James Preston
makeandmodel.co.uk
23 November 2011
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Top Cars From Around The World
The world has seen so many classic, iconic performance cars over the years that it is difficult to pick out the best of the bunch. We take a stab at it here, offering a list of some of the best cars from the best car manufacturing countries in the world. They cost a fortune in every sense, from petrol to maintenance, upgrades to
performance car insurance
, but they are beauties nonetheless.
Image courtesy of
MJ/TR
via flickr creative commons
Nissan Skyline GT-R (Japan)
The Skyline is probably the most famous car ever to have come out of Japan, at least in the way of performance vehicles. It has made many appearances in popular culture over the years, with famous showings in The Fast and the Furious film series and the Gran Turismo video game series.
Image courtesy of
David Villarreal Fernández
via flickr creative commons
Porsche 911 GT3 (Germany)
The GT3 is one of those cars that turn heads wherever they go. Its sleek, elegant yet impactful design wowed car fanatics when it was released in 1999 and is still wowing us to this day. Porsche manages to hit the nail on the head with every car it produces.
Image courtesy of
rhtwjr
via flickr creative commons
Ford Mustang GT (USA)
What can we say about the Mustang? It is truly one of the sexiest and downright coolest cars on the planet. It is still going strong today – currently in its fifth generation – as the ultimate all American muscle car. The Mustang, in its many forms, has also made many appearances in popular culture, with starring roles in the Bond classic Goldfinger in 1964 and Steve McQueen’s Bullitt in 1968.
Image courtesy of
Autoviva.com
via flickr creative commons
Bentley Continental GT (UK)
Bentley just seems to nail it with every car it produces and the Continental GT is no exception. It was released in 2003 to replace the Continental R and T and held the World Speed Record on Ice until March this year, topping an astonishing 331 km/h. The Continental GT is a quintessentially British powerhouse of a car.
Image courtesy of
Exotic Car Life
via flickr creative commons
Ferrari 458 Italia (Italy)
The Italians are famous for a lot of things, but perhaps none more so than the fleet of Ferraris it produces every year. The 458 is up there with the best of them and it’s no wonder when you consider that it was developed with the Formula One technology that the firm has so masterfully engineered over the years.
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James's Weekly Chatter - 18th November 2011
By
18 November 2011
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What’s been going on this week?
Land Rover have unveiled the DC100 AND DC100 Sport Concepts at the Los Angeles Auto Show, John Edwards, the company's global brand director revealed.
"The Defender has always been at the heart of the Land Rover Brand and single-handedly defines our go-anywhere, can-do sprit. Our ambition is to create an all new Defender for a global market that remains absolutely faithfully to its original DNA: tough, versatile, durable and capable. At the same time, it will be developed for the 21st century and adaptable for the needs of future generations, our intention is to introduce the all new Defender in the middle of the decade – there’s a lot of work to do to meet these dates and our concepts are just the start of the journey."
A couple of weeks ago, Rowan Atkinson was invited to be McLaren's guest during the Indian Grand Prix, check out this brilliant video of him going into Mr Bean mode during Lewis Hamilton's unfortunate crash.
With the Japanese Motor Show in full flow, Honda have unveiled their competitor to the Porsche Boxster, the Small Sports EV Concept. Unfortunately very few details are known about the car about but we do know that it will be a full EV and that the company has said that the car is “fun to drive while achieving excellent environmental performance.”
Chevloret - lets be honest you don't see many of them in the UK but then again you don't see many flying cars either or do you? Have a look at this!
Have a good weekend!
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