Brian Miller, president of Manhattan Motors, a high-end dealership that sells Bentleys, Lamborghinis, and Bugattis, among other ultra-luxury brands, says he’s been in the business for 40 years and he’s never seen anything like it!
Sales of other vehicles as a whole have suffered from this pandemic due to factory shutdowns and other distractions, with car sales down 10% last year.
Cars priced at $80,000 or more have almost doubled! And for cars costing more than $100,000, sales in the US were up 63% that quarter, said Tyson Jominy, vice president for data analytics at J.D. Power.
Since the wealthy haven’t been able to spend their money on trips, they’ve turned to luxury goods like expensive cars.
Despite factory shutdowns in England for seven weeks, Bentley sold 11,206 cars and SUVs last year — just over 100 more vehicles than in 2019, which had already been a record year.