Supercar gross sales speed up within the UK | Automotive business

Rich folks within the UK are forking out on extra luxurious supercars than ever earlier than, official figures present.

Greater than 18,000 supercars – corresponding to Ferrari, Bugatti, Aston Martin, Maserati and Koenigsegg fashions – had been registered at UK addresses in 2021, a 19% improve on 2020.

Costs vary from tons of of hundreds to greater than £1m every, however considerations concerning the financial system and the price of dwelling disaster for folks on extra modest incomes has completed nothing to dampen enthusiasm for the trophy automobiles.

Accountancy agency UHY Hacker Younger, which compiled the Driving and Car Licensing Company figures, mentioned it appeared that rich folks “have adopted a ‘you solely reside as soon as’ mindset and have been extra eager to spend on luxurious gadgets like supercars”.

David Kendrick, at UHY Hacker Younger, mentioned: “After a really tough pandemic interval, a variety of rich people handled themselves to a supercar final yr.

“The wash of cash from the federal government and central banks into the financial system has inadvertently helped supercar gross sales in sudden methods, corresponding to ‘in a single day’ cryptocurrency millionaires and intensely low-cost finance for supercars.”

The Metropolis of Westminster, which incorporates the central London areas of Mayfair, Knightsbridge and Belgravia, is house to 553 supercars – making it the supercar capital of the UK.

Kensington and Chelsea comes second with 507 and Buckinghamshire, house to rich cities corresponding to Beaconsfield and Gerrards Cross, is third with 453. Woking grew the quickest within the prime 10, with a 40% improve to 217 in 2021.

Out of the top-10 areas for supercars, solely two usually are not within the south-east of England. East Cheshire, recognized for its “golden triangle” of rich villages, is house to a few of the most well-known Manchester and Liverpool-based footballers and 321 supercars. The opposite is Birmingham with 175 supercars.

Ferrari was the most well-liked supercar model, with 11,954 automobiles on the street. Nevertheless Lamborghini possession has grown the quickest of any supercar, with a 59% improve to 2,419 in 2021.

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