Car manufacturers and the iPhone generation

599 More

Earning the right to be successful

581 More

Knowledge is power

676 More

Selling cars – it’s all about timing

959 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

Sales of luxury cars booming

New figures reveal that sales of luxury cars are soaring as orders for the type of Rolls-Royces, Bentleys and Porsches favoured by the super-rich surge ahead of demand for more run-of-the-mill cars. It seems it is not just in China that demand for the most exquisite of cars is going through the roof. Here in the UK, despite the raft of austerity measures announced by the Chancellor of the Exchequer, sales of cars at the very top of the spectrum are doing very well indeed.

Rolls Royce have revealed that sales for the first half of 2010 have doubled, Porsche has reported an 83% and Bentley has a 12-month long waiting list for the new £220,000 Mulsanne saloon.

Bentley Mulsanne

The massive rises come as general sales of cars plunged by 19 per cent, with less well-heeled consumers putting off buying “big ticket” items amid job fears.

Latest figures for September show the spending frenzy on luxury cars continued in the run-up to George Osborne’s spending review, which could cost half a million public sector jobs.

Sales of cars like the £200,000 Rolls-Royce Ghost, one of which has just been purchased by Manchester City footballer Shaun Wright-Phillips, were described as “excellent”. Chief executive Torsten Muller-Otvos said: “We are well on our way to at least doubling our 2009 sales.”

Rolls Royce Ghost

While Porsche said its customers were no longer hampered by the banking meltdown. “The people who buy our cars don’t have the same constraints as someone replacing the family hatchback,” said a spokesman. “A Porsche is not a necessity and customers held off a year ago. But we have seen a return in confidence.”

Source: Mirror.co.uk

Oct 25, 2010MTI
  • BMW profits surge in 1st quarter
  • Rolls-Royce record sales
  • Mercedes sales slip back in Europe as BMW and Audi increase luxury car sales
  • BMW set to topple Lexus in US luxury car sales
  • Rolls-Royce creates 150 jobs
  • Rolls-Royce cuts production
  • Hyper-Global-General Automotive anyone?Audi have BMW and Mercedes in their sights
    MTI
    11 years ago Consumer, Manufacturers, News116
    Most viewed
    Top 100 UK Dealer Groups
    39,484 views
    The car sales process and the “9 point plan”
    11,505 views
    webuyanycar review – They will buy any car but beware of the asterisk
    6,014 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes