Auctions: Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video]

Filed under: Aftermarket, Videos, Ferrari

2011 Ferrari 458 Italia with Vossen Wheels front three-quarter

Rule number one of modifying a car: When it comes time to sell, people want to pay for the car, and could care less how much you spent in the aftermarket. This is a lesson that the guys at Latitude Wheels in Miami are currently learning.

The wheel company’s “flagship show car,” a 2011 Ferrari 458 Italia was put up for sale on eBay weeks ago, as reported by Jalopnik. The price? Just a shade under $1.3 million. For a 458 Italia. That normally starts around $230,000. Yeah.

Latitude justifies the car’s price based on a very expensive set of wheels. To be exact, the 21-inch fronts and 22-inch rears are forged Vossen Precision Series wheels. Mounted on Pirelli rubber, Latitude claims the package is worth over $1 million. Add onto that the $20,000 in Novitec Rosso carbon fiber pieces – none of the fun, performance stuff Novitec is known for – and you come to an eBay starting price of $1,290,000.

The auction closed on Wednesday night, without so much as a bid. Check out the promotional video Vossen put together below.

Continue reading Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video]

Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video] originally appeared on Autoblog on Sat, 27 Jul 2013 13:15:00 EST. Please see our terms for use of feeds.

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Why Cadillac hasn’t found success yet in World Challenge Series, and why it’s not giving up

Filed under: Motorsports, Cadillac

Cadillac CTS-V SCCA race car

Cadillac CTS-V Coupe SCCA race car takes on all comers – Click above for high-res image gallery

The last time Cadillac lined up for the World Challenge Series from 2004 to 2007, it was competing with the CTS-V sedan. As put by an understated Jim Vurpillat, Cadillac’s global head of marketing, “We’ve been here before and had some success.”

The CTS-V Coupe race cars were plucked from the same line as cars headed to dealerships.

By “some success,” he means that the four-door roared off with the championship in its second and fourth years. The team has a steep road to climb if they’re going to relive that kind of winning percentage with its new CTS-V Coupe, but, having watched the package shred the Long Beach circuit last weekend, there’s no doubt they have a car that will be able to do it… eventually.

With just six months to prepare for the racing season, the two CTS-V Coupes piloted by Johnny O’Connell and Andy Pilgrim were built at the Lansing, Michigan plant, plucked from the same line as cars headed to dealerships. They were then taken to Pratt & Miller, the same firm that prepped the championship-winning CTS-V sedans, to be overhauled.

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Gallery: Cadillac CTS-V Coupe at the Long Beach World Challenge Series race

Continue reading Why Cadillac hasn’t found success yet in World Challenge Series, and why it’s not giving up

Why Cadillac hasn’t found success yet in World Challenge Series, and why it’s not giving up originally appeared on Autoblog on Wed, 27 Apr 2011 14:58:00 EST. Please see our terms for use of feeds.

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