Apparently, Ferrari and Pininfarina are now designing custom cars. Car collector James Glickenhaus special ordered the production of the one and only Ferrari P 4/5. The car, valued at over $3 million is inspired by the Ferrari P4 racer from the 1960s. More details about the Ferrari P 4/5 will be available when the vehicle makes grand debut at the Pebble Beach Concours d'Elegance on August 20th.

Implications - What better way to show off your lavish lifestyle and superior status than with a customized car? Car enthusiasts will be green with envy upon seeing their peers cruising the streets in these seriously decked out and luxurious, personalized sports cars.