Latest news with #Porsche911s
Yahoo
27-06-2025
- Automotive
- Yahoo
The Collector Car Market Is Collapsing Rapidly
Read the full story on The Auto Wire After years of rapidly climbing values, the collector car market is collapsing rapidly as investors pull out. We see evidence all around us of this phenomenon, some shocking like NASCAR hero Don Tarr's '69 Dodge Charger Daytona failing to meet reserve at there's broad evidence values for both classic cars and modern collectables are imploding in a hurry. The Hagerty Market Rating is now in the high 50s after a brief stabilization in May. That's a big deal, because when the rating hit 60 back in April, it was the first time that happened in almost five years. Strange things happened during the era of covid policies, including collector car values in general reaching incredible heights. Many declared it was a new era for the hobby, acting as if the lofty prices we saw both in public auctions and private sales would never come back down. Now the party's over and it seems many investors are scrambling to unload their vehicle assets as quickly as they can, like a skater going across thin ice rapidly in hopes it doesn't collapse. Even Hagerty is wondering just how low its Market Rating will sink before things stabilize again. Operating on a scale of 0 to 100, it gauges how active the collector car market is. Back in June 2022 it reached a pinnacle of 78.22. But the bad thing was many enthusiasts who aren't multi-millionaires watched their dream rides become so expensive, they lamented they might never be able to own one. That was true for crowd pleasers like Porsche 911s and Dodge Vipers as well as more niche, more pedestrian rides like 60 Series Land Cruisers. Nobody seems to know exactly what's next in this strange market. After a runup in values like never before it seems like the correction will involve a trough or low point like the collector car hobby has never witnessed. If enthusiasts play their cards right, that might mean finally getting that dream ride. But with the ravages of inflation still felt on a daily basis, most of us have less money to play with. Image via Kevin Saechao/Facebook Marketplace Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.
Yahoo
05-06-2025
- Business
- Yahoo
Police Say Las Vegas Couple Defrauded Investors of Over $57 Million in Exotic Car Sales Scheme
A Las Vegas couple has been accused of defrauding investors of more than $57 million in an elaborate exotic car scam. According to the Las Vegas Metropolitan Police Department (LVMPD), the couple persuaded people to invest in extremely high-end exotic cars and boats that would be sold overseas for massive profits. However, an investigation found that these overseas buyers apparently didn't exist — and now the couple is facing 75 fraud-related charges. According to police, Jong Rhee, 45, and Neelufar Rhee, 34 ran their scam through their two businesses, Twisted Twins Motorsports, LLC and Lusso Auto Spa. And some of the cars involved are far more exotic than Porsche 911s or Chevrolet Corvettes: LVMPD posted a video of some of the recovered cars involved, with highlights including a Bugatti Divo and a Chiron, a Pagani Huayra, and a one-of-10 Apollo Intensa Emozione. Just these four cars alone are worth eight figures. However, the couple allegedly promised 10-figure returns. Las Vegas-based news outlet KLAS reports that the suspects told the victims that wealthy clients in Singapore were lined up to buy these high-end vehicles for approximately $2.5 billion. The couple claimed that they could sell a $526,000 Rolls Royce Spectre for $7.5 million, and that a $3.9 million boat would bring $13.5 million in Singapore — but the overseas buyers didn't exist, according to police. The Vegas couple is accused of taking the funds that were supposed to be used for these overseas transactions and instead used them for personal gain. Last summer, the Rhees reportedly spent $60,000 chartering a private plane to Missouri for a boating trip; that same boat was allegedly also one of the assets that was supposed to be sold overseas. KLAS reports that money woes could have been the motivation behind the scam. The couple's financial situation was reportedly bleak as of last year: Jong Rhee allegedly decided to use their last $10,000 to buy into a World Series of Poker event. When the gamble didn't pay off, the police claim that's when they turned to fraud. Jong Rhee and Neelufar Rhee each face 75 counts of fraud related charges such as racketeering, forgery, theft, and money laundering. Police believe that there may be additional victims of this scheme that have not been identified. They are asking for anyone that has done business with this couple to contact them by email at criminalintel@ You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car
Yahoo
01-04-2025
- Automotive
- Yahoo
2025 Porsche 911 Carrera S May Have Lost The Manual, But Its Driving Excellence Remains
Every car enthusiast has heard it a million times: the Porsche 911 is an incredible car. I'm not going to sit here and declare otherwise. The latest 992 generation is a freakishly fast, refined, well-built, capable, and enchanting sports car. The recently introduced 992.2 Carrera S packs supercar levels of performance with a 0-to-60-mph time as quick as 3.1 seconds and the same 191-mph top speed as last year, but it also packs supercar prices. The coupe's base price is $148,395 including $1,995 destination, and the cheapest Carrera S convertible will cost you $161,595. That's about a $17,000 jump over the 2024 Carrera S, and it's a $26,000 jump over the base 2025 992.2 Carrera. You get more standard features and 30 additional horsepower compared to the 2024 car, but that's still a massive sum of money. As I sit in my studio apartment writing this review, of a car worth more than twice my annual salary, I know I'm not the average 911 Carrera S buyer. In fact, the average new 911 buyer's annual salary is $849,000, so I know I'm very, very far detached from the average 911 buyer. Because of this, I'm not going to harp on price (much) past this point. 911s are expensive and getting more expensive every year, but prospective buyers can at least rest easy knowing that Porsche 911s experience the slowest depreciation of any new car on sale. Put the financials aside and look at the latest 911 objectively, and the 992.2 Carrera S is a further evolution of the already brilliant, quintessential sports car. Full disclosure: The lovely folks at Porsche put me up in an oceanside resort in Encinitas California for a few nights and graciously allowed little old me to sample two flavors of the newest 911 variant, the Carrera S coupe and convertible. I ate lots of yummy food and thoroughly enjoyed every minute of my time. Read more: Porsche Taycan Turbos Have Lost Up To $100,000 Value In 4 Years Porsche first showed the 2025 911 in base Carrera and hybrid Carrera GTS forms, and now the Carrera S has rejoined the lineup with the same facelift. As with the other 992.2 models, it now includes previously optional features as standard like a sport exhaust system, a leather interior package, matrix design LED headlights, lane keeping and traffic sign assist, ambient lighting, power folding mirrors, and a heated steering wheel. If you were to spec a 2024 Carrera S with all those options, the 2025's price is... still $5,590 higher, actually. Beyond the now-standard features, the 2025 Carrera S also gets a fully digital instrument cluster, tweaked exterior styling, and a standard steering wheel–mounted drive mode dial. The Carrera S loses its manual transmission option for 2025, but its twin-turbocharged 3.0-liter flat-6 now makes 473 horsepower, up by 30 hp, and spreads the same 390 pound-feet of torque as last year across a wider power band. It gains the larger brakes from the last year's 911 GTS, and they are more than up to the task of stopping the additional 42 pounds of the now 3,424-pound 911 coupe. The only way to get a manual transmission in your 911 is by going for either the $7,700-cheaper Carrera T, or the ballistic 911 GT3. Driving the new Carrera S is a blast, despite its lack of a manual transmission. Both my coupe and convertible press cars were equipped with the $2,400 Sport Chrono Pack that drops the 0-to-60 time down to from 3.3 seconds to 3.1 seconds in the coupe, and from 3.5 seconds to 3.3 seconds in the convertible. Both cars are hilariously quick, and the standard 8-speed PDK automatic that facilitates those blistering times is still one of the finest dual-clutch transmissions ever made. There's prodigious power in every situation, but if you're looking to execute a hole-shot in traffic or want to spook your passenger with power, press the red Sport Response button on the steering wheel-mounted drive mode dial and the car immediately selects the optimal gear, ups the revs, and maximum power is instantly available. Both my coupe and convertible press cars were also equipped with Porsche's $2,090 rear-axle steering, which makes it feel like the 911's already small 96.5-inch wheelbase is further shrunk, offering ample agility and a tiny turning circle. The steering wheel does a great job of communicating the extent of the torture that the front tires are experiencing at any given moment, making it easy to build confidence when exploring the Carrera S' mind bending levels of adhesion. Just make sure you or your passenger haven't eaten recently, as the intense grip easily induces nausea. Though it's largely the same as before, the upgraded twin-turbo flat-6 in the new Carrera S is still one impressive lump of magnificence. The way that it positively erupts above 5,500 rpm and continues to rip all the way to the 7,500-rpm redline is supremely impressive and provides much of the same satisfaction as wringing out a naturally aspirated engine. Beyond the Carrera S' naturally aspirated–esque power delivery, it sounds naturally aspirated, too. There must be a paradigm shift that occurs in the Carrera S' engine bay above 5,500 rpm. It manifests itself as a magnificently sonorous siren song and reaches a crescendo that goads your right foot into staying down and your right hand off the upshift paddle until you see the new digital tachometer needle enter the red. Below 5,000 rpm the engine is relatively unobtrusive, but breach that 5,000 mark and you'll never want the revs to drop back down. It's addicting. The Carrera S cabriolet is 185 pounds heavier than the coupe, with a base curb weight of 3,609 pounds. That weight gain gets you a spectacularly integrated cloth roof that's actually cloth covering hard panels. The top's construction lends itself to minimal additional noise intrusion over the hardtop, a very sleek shape, and the nicest headliner I've ever encountered on a ragtop. Dropping the top is easily done at speeds up to 31 mph via a console-mounted switch, and there's a standard electrically deployable wind blocker that is slick to use and does a great job of mitigating hair-tangling wind from infiltrating the cabin. Once the roof is down, you notice three things: there's virtually no structural wiggles, the top of the windshield is far enough forward that you get a great open-top view of the mountain roads you're weaving through, and, hold on, is that a blow-off valve I suddenly hear? It sure is — unmitigated access to the intoxicating siren song produced by the rear-mounted flat-6 is such a treat. When I hustled the convertible hard, I found it slightly easier to find understeer on corner entry, and the force of the launch is slightly downgraded from the tunnel vision–inducing G-forces of the coupe. Beyond the convertible's $13,200 price jump over the coupe to a base price of $161,595, it barely gives up ground to the coupe 99 percent of the time. The most controversial aspects inside the 992.2 911's interior are the new start button (gasp) and the new fully digital gauge cluster (gasp again). Instead of the old key-like twist switch, you now press a button on the left side of the steering wheel to start the car, and it's not hard to get used to. And yes, the 911's characteristic center-mounted tachometer is no longer a physical dial, but the OLED driver's display has resolution high enough that you can hardly tell that you're not looking at a real tach until you switch to the handy full map display. It's not the most configurable display ever, but you can set it up to display all the important stuff like your max G-forces, several different temperature monitoring metrics, current tire pressures, and more. The infotainment is typical Porsche with logical menu structures and a clean look, and the dashboard has my favorite design feature: a perfectly placed shelf to stabilize my hand on when I'm trying to make on-screen selections while in motion. The system does everything well, and mercifully there are physical controls for the ever-important fan speed and temperature controls. As with the base Carrera, the 911's folding rear seats are now available as a no-cost option, with the car coming standard as a two-seater. The interior feels typically Porsche solid, but my sole gripe is that the wireless phone charger that's hidden inside the center armrest overheats devices like that's its job. The Carrera S is the 911's most popular trim and thus an important model for Porsche, with about 35 percent of all 992.1 911s sold being Carrera S models. While it is an absolutely brilliant car to drive, the standard Carrera is brilliant too, and its base price is $26,300 cheaper. I doubt the average 992 buyer who earns over $800,000 a year minds a measly $26,000 price premium, but I would be remiss if I didn't mention it. The Carrera S is faster and more powerful, but unless you're a serious driver taking your 911 on demanding high-speed canyon drives or to the track a few times a month, you aren't likely to be disappointed with the standard Carrera, especially if you add the performance options that the Carrera S has. While the 2025 Porsche 911 Carrera S may not be as flashy as something like a McLaren Artura, Maserati MC20, or Aston Martin Vantage, it continues to be an absolutely epic sports car, and a compelling choice when buying with your brain. The Carrera S remains a versatile, comfortable, daily driveable sports car that goes like stink. If the money isn't an issue — and if you're shopping for 911s, it probably isn't — you won't be disappointed. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
31-03-2025
- Automotive
- Yahoo
The Lightning-Quick 2023 Rimac Nevera in Photos
More from Robb Report This 1993 GMC Muscle SUV Just Sold for the Highest Price on Record This One-of-a-Kind Aston Martin Bertone Shooting Brake Is Heading to Auction These 6 Barely Driven Porsche 911s Are Hitting the Auction Block Best of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article. The exterior The exterior The exterior The interior The interior The exterior The exterior The exterior The exterior
Yahoo
31-03-2025
- Automotive
- Yahoo
This Barely Driven Rimac Nevera Supercar Will Fetch at Least $1.1 Million at Auction
Here's one auction to watch if your car collection is in need of a jolt of electricity. A 2023 Rimac Nevera is currently up for bid over at Bring a Trailer. Any example of the electric super is special, but this one has the added benefit of having barely been driven since leaving the factory in 2023. More from Robb Report This 1993 GMC Muscle SUV Just Sold for the Highest Price on Record This One-of-a-Kind Aston Martin Bertone Shooting Brake Is Heading to Auction These 6 Barely Driven Porsche 911s Are Hitting the Auction Block There have been a fair number of high-performance EVs over the years, but none have raised expectations quite like the Nevera. When the $2.4 million vehicle debuted in 2022, it proved that an EV could do anything an ICE hypercar could do—and more. Porsche was so impressed, that it made a sizeable investment in Rimac Automobil, and, eventually, put its founder, Mate Rimac, in charge of Bugatti. The Nevera up for auction on Bring a Trailer is the sixth example from the initial 150-car batch and was delivered new to Ohio-based Triple F Collection in the summer of 2023. The athletic two-seater's surprisingly elegant exterior is finished in a stunning coat of Pearlescent Nevera blue that has been spruced up with the Carbon Level 2 accent package (those two options would have added $100,000 to the price of the vehicle). Open the butterfly doors and you'll find a matching blue leather interior with giant displays for the driver and passenger. The production version of the EV is three years old at this point, but it still feels like a glimpse of the future. The Nevera will turn heads, but its most impressive feature, without a doubt, is its fully electric powertrain. The setup includes four electric motors that combine to produce a ridiculous 1,914 hp and 1,741 ft lbs of torque (and the new Nevera R is even more powerful). Thanks to all that power, the car can slingshot from zero to 60 in 1.74 seconds and reach a top speed of 258 mph. The range comes in at 300 miles. Unlikely anyone would ever take the Nevera on a road trip. This example has totaled just 1,371 miles over the last couple yof ears, so it should be capable of still reaching all those numbers. Are you already picturing how the Nevera will look in your garage? The auction runs through this Friday. As of press time, bidding had reached $1,112,111. That number is less than half the original price, though, so expect it to climb in the days to of Robb Report The 2024 Chevy C8 Corvette: Everything We Know About the Powerful Mid-Engine Beast The World's Best Superyacht Shipyards The ABCs of Chartering a Yacht Click here to read the full article.
