Supercars

The McLaren F1 has jumped in value from £540,000 to over £16 million

McLaren F1 chassis no. 63 at Hampton Court during Salon Prive.

Photo courtesy of Salon Prive
When the McLaren F1 launched in 1992, it was priced at £540,000, the equivalent to £965,000 when adjusted to 2020 values. The price wasn't just extraordinary - so was the car.

The F1 wasn't like anything the world have ever seen before. It was a no-compromise model and is now one of the most sought-after cars in the world.

It's story starts in 1988 when then-McLaren designer Gordon Murray was flying back from the 1988 Italian Grand Prix. The flight was delayed so Murray took the opportunity to sketch some ideas for a high-performance three-seater car. He then went on toe persuade Ron Dennis and other McLaren managers at the time to build the most intriguing road car ever conceived.

McLaren F1 Salon PriveMcLaren F1 chassis no. 63 at Hampton Court during Salon Prive.Photo courtesy of Sale Prive

The car's body was sculpted by designer Peter Stevens from Murray's sketches. It was shaped to cut through the air but remain stable without needed wings. Only the airbrake would deploy when necessary. Like Murray's later T.50, the car's three-seat arrangement put the driver at center stage.

The F1 has the world's first carbon-fiber tub chassis - something that is quite common among supercars these days. That tub took 3,000 man-hours to make. The car featured a titanium subframe and magnesium alloy wheels, which factored into the idea of making the car as light as possible. Even the toolkit was titanium, as a means of saving weight.

At the model's heart is a 620-brake horsepower 6.1-liter V12 engine that was developed by Paul Rosche and the team at BMW Motorsport. It's top speed was over 230 mph. The heat it put out was so hot, McLaren needed to line the engine bay. What material did they choose? Pure gold, of course.

The engine is paired with a manual gearbox. The steering and brakes are unassisted.

Big brother was always watching. On-board diagnostics transferred data to the factory so every single one of the 64 road cars made could be monitored for performance.

McLaren made a promise. If a customer had a problem with their F1, McLaren would fly out a technician to fix it. Alternately, there were eight official service centres worldwide.

Even priced at £540,000, McLaren didn't profit from the car.

However, for owners, purchasing the F1 became a solid investment, if they were willing to play the long game. According to the Hagerty Price Guide, until 2006 F1s were changing hands for just over the original asking price, but by 2008 prices began to rise and the F1 was valued at £1.5 million.

It's only gone up from there. By 2014 the cost was over £5 million. In 2015, Mr. Bean actor Rowan Atkinson sold his F1 for £8 million, despite crashing it twice and making what was at the time possibly the world's biggest auto insurance claim.

In 2017 chassis no. 44 sold at Bonham's Quail Lodge Auction for $15.6 million (£12.1 million at the time), while the Hagerty Price Guide now values the cars at in excess of £16 million.

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The Z06 isn't on sale yet, but it's already raising money for charities.

Chevrolet

Just a couple years ago, the Chevrolet Corvette got a major overhaul that completely changed its design, personality, and performance. The car moved to a mid-engine layout for the first time, and its V8 produces thundering performance at a reasonable price. As it has always done with the Corvette, Chevy's laying out special editions for the car, and one of the first in the new generation will be the 2023 Corvette Z06. An early Z06 sold at a Barrett-Jackson auction this weekend to raise money for charity, and the final dollar amount crested the $1 million mark.

2023 Chevrolet Corvette Z06The car raised $1 million at the Palm Beach Auction. Chevrolet

The car crossed the block at the Palm Beach Auction, which took place on April 9. It's the first production model of the car, which builds on the mid-engine eighth-generation Corvette. It's powered by a 670-horsepower 5.5-liter flat plane-crank V8, which sends its power to the rear wheels through an eight-speed dual-clutch automatic transmission. The engine revs much higher than a standard V8 and features a distinct sound. Chevy says the Z06's engine offers the most horsepower of any naturally aspirated V8 on sale.

2023 Chevrolet Corvette Z06Rick Hendrick was the winning bidder for the car. 2023 Chevrolet Corvette Z06

The car's $1 million price tag raised money for the Thurgood Marshall College Fund. The organization supports training of educators at Historically Black Colleges and Universities (HBCU) and Predominantly Black Institutions (PBI). This auction, together with the first retail version of the car auctioned earlier this year, brings the Corvette's total charity haul to $4.6 million in 2022.

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The new Type R set a Suzuka Circuit lap record.

Honda

The new Honda Civic somehow improves on the formula laid out by its numerous predecessors and does so with style, refinement, and value. The Civic Si built on that foundation with a potent turbocharged engine and solid handling, but Honda's not done with the Civic. The automaker just teased the new Civic Type R, and it set records at Japan's Suzuka Circuit during a recent testing session.

The All-New 2023 Type R Achieves Track Record at Suzukawww.youtube.com

The Type R lapped Suzuka Circuit in 2 minutes, 23.120 seconds, a record-breaking lap for a front-wheel drive car. The video features neat telemetry information on-screen during the lap as well, but the real excitement comes later when full specs are revealed.

Honda's been understandably mum on details on the new Type R's powertrain and performance numbers, but the car is expected to carry the same powertrain with its predecessor. The 300-horsepower turbocharged 2.0-liter four-cylinder engine made that car a force to be reckoned with, so the 2023 Civic Type R will likely continue carrying that torch.

Honda Civic Type RHonda will fully reveal the car this summer. Honda

Honda will reveal the car in all its glory this summer. As for pricing, the previous car started around $38,000, so the new model should be around there to start. That, of course, is before dealers mark it up and other lucky buyers snap them up for insane resale on an auction site.

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