Latest news with #Zonda
Daily Mirror
02-08-2025
- Automotive
- Daily Mirror
Lewis Hamilton's U-turn on £1.6m supercar he made huge profit on before costly crash
Lewis Hamilton amassed an impressive supercar collection but ultimately sold his most expensive and unique vehicle due to growing concerns over its environmental impact Lewis Hamilton's 2025 Formula 1 season has been a mixed bag so far, with the seven-time world champion showing flashes of his old brilliance but struggling for consistency at Ferrari following his blockbuster move from Mercedes. Off the track, though, Hamilton remains a man of principle, known for his staunch commitment to environmentalism and social causes. It's this very ethos that led him to part ways with one of his most prized possessions - a custom Pagani Zonda 760 LH - only to see it smashed up by its new owner after he pocketed a massive profit. The one-of-a-kind supercar, which was built to Hamilton's exact specifications in 2014, was a beast of a machine. Powered by a monstrous 7.3-litre V12 engine pumping out 760 horsepower, it featured a striking purple livery with carbon fibre accents and a rare six-speed manual transmission - Hamilton's personal request, making it the first Zonda 760 to ditch the automatic. Costing him around £1.6million, the car was the jewel in his £12.5m supercar collection. But despite its jaw-dropping looks and sound, Hamilton wasn't entirely smitten, once slamming its handling as "terrible." By 2021, Hamilton's growing environmental consciousness, spurred by his efforts to reduce his carbon footprint, forced a tough call. Speaking at the 2020 Tuscan Grand Prix, he revealed he'd stopped driving his supercars, opting instead for his electric Mercedes EQC. "I'm making a lot of changes in my personal life," he said. "I don't drive any of the cars that I own any more. I only drive my [electric Mercedes] EQC." The Zonda, a gas-guzzling icon, no longer fit in with his green philosophy. So, he sold it. And he didn't do badly out of it either. The car fetched a staggering £8.5m, landing Hamilton a tidy £6.9m profit. Tragically, the Zonda's story took a grim turn in 2023 when its new, unnamed owner lost control in the Penmaenbach Tunnel in Conwy, Wales - crashing it into the wall. Photos shared online showed the car in a sorry state, with a smashed front clamshell, broken suspension, and damaged doors, windshield, and rear bumper, making for a costly repair job. Miraculously, the driver walked away unharmed, and no other vehicles were involved. The crash wasn't the Zonda's first brush with disaster either - Hamilton himself had pranged it in Monaco in 2015, blaming a fever and lack of sleep after clipping three stationary cars. Thankfully, the Zonda has since been lovingly restored to its former glory, being spotted leaving Pagani's factory for a pre-delivery test run last September. Its metallic purple paint and bare carbon centre are back, though the LED DRLs, once deemed out of place, have been ditched. One of just five Zonda 760s ever built, it's a testament to both Pagani's craftsmanship and Hamilton's knack for making savvy decisions, both on and off the track. The 40-year-old is yet to make the podium for Ferrari, with his best results being fourth-place finishes at Imola, Silverstone and the Austrian Grand Prix this year. He's currently sixth in the Drivers' Championship, trailing leader Oscar Piastri by over 150 points. He's also 30 points behind Ferrari team-mate Charles Leclerc and just once place ahead of Kimi Antonelli - the young driver who replaced him at Mercedes. Up next is the Hungarian Grand Prix this weekend, a race Hamilton has won a record eight times, though not since 2020.
Yahoo
16-07-2025
- Business
- Yahoo
Why new-home prices are falling in summer 2025 – and where buyers can find deals now
Why new-home prices are falling in summer 2025 – and where buyers can find deals now For home shoppers holding out for better prices, now might be the time to start looking. Prices in many of the country's most popular markets — including markets in Florida, California, and Texas — have fallen significantly, reports NewHomeSource. 'New-home prices can come down for one of two reasons,' says Ali Wolf, chief economist for NewHomeSource. See More: The 2025 housing market: What it means for new home buyers Reason one : A builder begins building communities further away from city centers. "Those shifts alone could lower prices without home prices actually falling," said Wolf. Reason two : Market response. 'If affordability gets stretched too much or consumer confidence weakens and buyer demand slows, home prices can come down as builders try to 'find the market,'' Wolf says. See More: Here's how U.S. tariffs may affect home prices in 2025 What's Happening with the New Home Market in 2025 According to April 2025 data from Zonda, several markets have seen prices fall considerably from their recent peaks, opening the door for: More affordability/greater buying power Better deals Builder incentives While homes in many markets remain expensive, the recent drops signal a fundamental shift in buyer leverage. 'You will find some good value in the new home market today, especially compared to resale properties,' said Wolf. The latest data reveals several trends and patterns emerging related to pricing in the new-home market: Florida's Price Declines: In 50 metros analyzed by Zonda, five of the top 10 markets with the biggest price drops were in Florida: Jacksonville (-22.3%) Naples (-21.9%) North Port (-19.2%) Cape Coral (-14.2%) Miami (-13.7%) San Francisco's Double Dip: New-home prices in San Francisco were 18.2% below their peak of approximately $1.2 million. It was also the lone market where April 2025 prices were below 20219 levels (down 15.1%). Cooling Pandemic Hotspots: Salt Lake City (-15.4%) and Austin (-14.2%), which had significant booms in the pandemic, saw prices fall well below their peaks. At the Peak: Philadelphia, San Jose, and Port St. Lucie were the only markets analyzed to reach a new pricing peak in April. San Jose also earned the distinction as the most expensive market analyzed, with an average new-home price of $1.8 million. Nearing the Top: Home prices in Orlando, Baltimore, Minneapolis, Nashville, and Los Angeles were all within 3% of the peak in April. See More: Creative ways first-time buyers are securing homes in 2025 What Does This Mean for You? The declines in prices mean that markets that may have felt out of reach for would-be buyers are now more accessible. At the very least, these markets now come with better terms. Bottom line: For shoppers who have been on the fence, now may be the time to revisit areas they were previously priced out of and take advantage of builder incentives. That said, urgency matters; these lower prices may not last. As the market adjusts, today's opportunities could turn into tomorrow's regrets. NewHomeSource is a platform for new home listings with homebuilder reviews. This story was produced by NewHomeSource and reviewed and distributed by Stacker.
Hindustan Times
10-07-2025
- Automotive
- Hindustan Times
The Pagani Huayra Codalunga Speedster takes us back to the 1960s with an 864 bhp V12
The Pagani Huayra Codalunga Speedster is a limited-run longtail hypercar, inspired by Le Mans prototype racecars from the 1960s. Check Offers Pagani has never been the one to bid farewell to older models under its lineup; the iconic Italian marque kept putting out special editions of the Zonda well after its successor took the spotlight. The brand's third model, the Utopia, has been shaking up the market for some time, but it seems the Huayra still has some life left to live. To drive this home, Pagani has unveiled a limited-run special edition of the hypercar on Tuesday, the Huayra Codalunga Speedster. In essence, it's a rolling piece of art worthy of the Louvre's attention, and it happens to come with a roaring V12. Designed to invoke the spirit of long-tailed Le Mans prototype race cars from the 1960s, the Pagani Huayra Codalunga Speedster shuns minimalists with its mid-century aesthetic. It is an open-top iteration of the Codalunga Coupe that was made in 2022 by the Grandi Complicazioni department that specialises in one-offs and limited-production variants. That car was made at the request of two clients working with the brand for over two years. It is the same department that returns to debut the Huayra Codalunga Speedster, carrying over the older version's style cues onto an entirely new monocoque chassis, with an aim for uncompromised design. Lorenzo Kerkoc, Head of Grandi Complicazioni, said that the brand went as far as removing side air intakes and aerodynamic appendages to pursue 'clean, tapered forms designed to cut through the air quietly, without unnecessary noise." Also Read : Koenigsegg Sadair's Spear unveiled with 1,603 bhp. A limited edition, road-legal supercar Pagani Huayra Codalunga Speedster: Exterior design The Huayra Codalunga Speedster is nearly identical to the Codalunga Coupe that was debuted in 2022 and comes with an open-top longtail design. Horacio Pagani, Founder and Chief Designer, Pagani Automobili, describes the Huayra Codalunga Speedster as 'a tribute to those who imagine their sports car as an icon of lightness and momentum, shaped by essential lines that transcend time with ease." The hypercar features a wide front grille that sits above an integrated front splitter and has a lowered windshield that fits its sleeker silhouette. Its sculpted bodywork generously flows from the front with tapering lines to offer an elongated rear end that features floating taillights. The car further features a new six-outlet exhaust system with four ceramic-coated exhaust tips between the taillights and two titanium pipes integrated into the rear diffuser. Pagani Huayra Codalunga Speedster: Interior feel The Huayra Codalunga Speedster carries its 60s vibe into the cabin with hand-stitched leather and a solid-milled metal interior trim. The Speedster carries its '60s aesthetic inside with hand-stitched leather and semi-matte finishes for the interior. Unlike typical special editions of current-gen hypercars and sports cars, the Pagani does not feature much exposed carbon fibre. What it does offer is a solid-milled metal trim and tons of physical switchgear, a sight for sore eyes. The steering wheel and gear knob both feature a carbon fiber frame with mahogany inserts, and aluminum rivets which are hammered and polished by hand. The cabin is further upholstered in a new fabric embroidered to reflect the design of the quad-pipe exhaust. Each embroidered element is said to be composed of over 450,000 individual stitches, all done by hand. Also Read : MV Agusta Superveloce 1000 Ago is a limited-edition 208 bhp tribute on two wheels Pagani Huayra Codalunga Speedster: Engine and performance The Codalunga Speedster gets a six-outlet exhaust system with a quad-pipe arrangement between the taillights and two titanium pipes in the diffuser. The Huayra Codalunga Speedster is powered by the same twin-turbo 6.0-litre V12 supplied by Mercedes-AMG. This powerplant has long been in use in Pagani's lineup and makes 864 bhp at 6,000 rpm and 1,100 Nm at 2,800 rpm, the same as in the Utopia. It can be paired with a 7-speed manual or sequential automatic transmission from Xtrac and sends power to the rear wheels. While the 2022 coupe model was limited to five units worldwide, the Huayra Codalunga Speedster will be limited to 10 and is homologated for road use around the globe. Pagani has stated that deliveries are scheduled to begin in 2026. At present, there is no official price tag that is available. The Codalunga Coupe reportedly had a jaw-dropping starting price of $7.4 million ( ₹ 61.42 crore). As such, the Speedster is expected to retail at a higher cost. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date: 10 Jul 2025, 17:00 pm IST
Forbes
01-07-2025
- Business
- Forbes
55-Plus Buyers Want Wellness Features And Loved Ones Nearby
Older adults want retirement homes that enhance well-being with features that support daily ... More movement. The modern 55 and older homebuyer isn't looking to sit all day on a recliner pondering our end of life options. Longer lifespans, greater health, increased affluence and current sensibilities about aging are transforming the neighborhoods designed for late Boomers and Gen X homebuyers. 'We know the story: the 55-and-older population will grow by 12 million between 2025 and 2033,' notes managing principal of John Burns Research and Consulting firm Ken Perlman in a June 4 insights report. 'These aren't your grandparents' active adult buyers. They are healthy, wealthy, and tech-savvy.' According to Perlman, these are what this homebuyer is seeking. Does it align with your preferences if you fit into this age group? Family Imperatives 'For 55 plus consumers who plan to move, proximity to family and friends is the top factor influencing location,' Perlman reports in his summary. Those moving to be closer to adult children and grandchildren have a nickname and a trend: 'Baby chasers.' I have several friends in my own Baby Boomer social circle who have done this or are contemplating it in the next two years. The pandemic drove home the value of being close to relatives, especially for those families that need help with eldercare or childcare. Real estate publisher and research firm Zonda* has a Baby Chaser Index, which shows that 25% of Boomer households plan to retire near their children and grandchildren. 'As Millennials seek to establish roots and grow their families, they are gravitating toward markets that offer a blend of affordability, job opportunities and lifestyle amenities,' says Ali Wolf, Zonda's chief economist. (One of my Boomer friends is looking at Austin to be near her son and granddaughter. A family member moved an hour away to live close to her sister and daughter a few years ago.) Austin, Charleston, Jacksonville, Dallas and Raleigh were the top five Baby Chaser destinations on the Index. Burns' New Home Trends Institute found that 45% of 55 and older consumers live within half an hour of their grandchildren, and 25% spend time with them each week. Friend Circles Friend circles are also impacting where older adults choose to move, particularly for singles like myself without children. Co-housing and co-living ('Golden Girls' style) is one option some are seeking, with numerous advantages for those choosing one of them. 'The number one benefit, which greatly affected the Golden Girls' mental and physical wellness, is the social aspect of shared housing,' Maria Carpiac (nee Claver), director of California State University Long Beach's Gerontology program, told me for a July 2022 article. Carpiac teaches a course called Women & Aging: Lessons from the Golden Girls. 'More than any other lifestyle factor (including smoking, diet and exercise), we know that having social support is the most important predictor of morbidity (or illness) and mortality,' she shared in that article. A quarter of older Americans live alone, she reported, contributing to an epidemic of loneliness. 'Loneliness increases the risk of mortality by 45%.' Some single individuals in this age group, myself included, don't want housemates, roommates or the characteristics of co-housing communities, but seek a welcoming community where we can live independently, still close to friends and caring neighbors. New Home Preferences According to Perlman, new home developers are looking closely at what our 55-plus generations want. Given that we represent 30% of today's population and those of us born before 1970 now control 73% of total U.S. net worth, (according to John Burns Research and Consulting's Bureau of Labor Statistics tabulations), our preferences are being taken seriously: Not mentioned in the Burns study is a trend toward homes with greater accessibility – often called 'aging in place.' These often include single level living or first floor primary suites, elevators for two or three story homes and townhouses, barrier-free entries and showers, roll-out trays and pull-down accessories in cabinets and other features that promote independent living for adults of all ages and abilities. Homes with universal design features (which also support household members and visitors who may have physical challenges), smart home technology that enhances safety and convenience, as well as social engagement and support systems, including access to telehealth, are all trending, according to a resource site for individuals and senior living communities. Conclusion 'The new 55 plus consumers are seeking a community that gives them a sense of purpose, promotes healthy living, and offers services and amenities without the burden of high maintenance or isolation. The best age-qualified / active adult communities will blend a variety of housing products from 'forever homes' to low upkeep, attainable luxury in locations that are proximate to friends and families,' Perlman suggests. Is this what you're seeking too? After a long search, I found my 'forever home' in an all-ages community with numerous wellness features, including walkability to friends, shops and services. ___ *I'm a contributor to Zonda's Multi-Housing News digital publication.
Miami Herald
23-06-2025
- Business
- Miami Herald
6 of the best cities for 55+ homebuyers in 2025 and where demand is cooling
6 of the best cities for 55+ homebuyers in 2025 and where demand is cooling While millennials and first-time buyers receive a lot of attention in today's housing market, baby boomers and Gen Xers over 55 make up 25% of the U.S. population. The 55+ cohort is a powerful group in the housing market, and the ripple effects of where they live and retire will have massive implications for the economy. See More: Two Cities that are Beating Slowing Sales Trends in 2025 While many in the 55+ bracket will choose to stay in the homes they own or rent, others may consider relocating to a different metro or state, moving locally, moving into a multi-generational house, moving into assisted living, or moving into an age-restricted community. See More: 7 Differences Between What Millennials and Boomers Look for in a HomeAge-restricted communities, also known as age-qualified, active adult, or 55+, require buyers to be 55 or older to purchase. The active adult category is on the rise, and many of the largest home builders in the country are meeting growing demand in markets across the country, NewHomeSource, a new home listings site with customer reviews, More: The 2025 Housing Market: What it Means For New Home Buyers "If you are nearing retirement, or simply over the age of 55 and looking for a lower-maintenance, lifestyle-oriented community, you are not alone and builders are noticing," says Ali Wolf, chief economist for NewHomeSource. "An active adult community isn't for everyone, but if you want to live somewhere with like-minded folks, lifestyle-related activities, and age-relevant design, these kinds of communities might surprise." By analyzing Zonda data from January 2025 and using January 2019 data as comparison, the economics team identified the areas leading the charge in active adult community development. These markets have the most 55+ choices and options for potential buyers across price points, amenities, and location. The fastest-growing markets include: Atlanta: This market has added 19 new 55+ communities since 2019, bringing its total to 43 and establishing it as a hub for active adult living in the Southeast. Atlanta's location offers a busy city environment with a sense of Southern charm, a diverse culinary scene, proximity to an international airport for busy travelers, and a relatively lower cost of living than other major Port St. Lucie, and Sarasota: These three markets have added 14, 11, and 11 55+ communities since 2019, respectively. Each offers the classic sunshine and savings Florida recipe for residents as well as retirement-friendly tax structures, and beach The North Carolina market is a popular migration destination for individuals of all ages, but has not traditionally been considered a retirement hub. However, with today's 55+ buyers prioritizing factors such as walkability, affordability, and proximity to millennial children, Raleigh ticks each of those boxes. The metro has added seven 55+ communities since Similarly to Raleigh, Denver is not the first place named as a retirement destination, but it offers many of the features 55+ buyers highly value. Denver's location near the Rocky Mountains and numerous parks and trails provides ample opportunities for outdoor recreation. The city also offers relative affordability and a robust arts and culture The capital city in California has seen notable growth in the past six years, adding 10 55+ communities. The 19 55+ communities in Sacramento are the most of any West Coast market outside of Phoenix. The city's favorable climate and relative affordability compared to other California markets are benefits that may resonate with 55+ buyers. Not all markets are expanding their 55+ offerings, with several major markets experiencing declines since 2019: New York (-28) and Los Angeles/Orange County (-12): The major East and West Coast metros have seen the biggest pullbacks. The large and expensive markets may see tougher 55+ buyer competition and development might be stunted by limited land supply or home builders shifting focus away from 55+ communities based on local market Coral (-11), Phoenix (-7), and Tampa (-7): While these three markets have traditionally been popular retirement destinations, demand has cooled slightly since 2019. The pullback could also reflect local land constraints or builders shifting focus to other consumer segments in the market. The newer active adult communities in markets such as Atlanta, Jacksonville, Sacramento, and Raleigh may offer buyers more competitive pricing, newer designs and layouts, and updated amenities. Meanwhile, while Phoenix and south Florida remain strong options for the 55+ buyer, tightening supply makes it more important for buyers to research options to find the right fit. This story was produced by NewHomeSource and reviewed and distributed by Stacker. © Stacker Media, LLC.
