Jump to content

High-end brands doing well as economy recovers

High-end brands doing well as economy recovers

chitchatboy

3,076 views

blog-0592379001508294368.jpg

blogentry-133713-0-41853000-1508294950_thumb.jpgBloomberg has reported that luxury and performance brands have seen a massive increase in sales between 2011 and 2016.

 

In that time frame, the total sales of Bentley, Ferrari, Lamborghini, McLaren, and Rolls-Royce have increased 51 percent. In fact, in 2016, these companies have sold a total of more than 30,000 vehicles.

 

The biggest winner of these brands is McLaren, starting with its MP4-12C in 2011 and expanding its line-up with quite a number of well-received models. Interestingly, the company's fast growth meant that is almost sells as many cars as Lamborghini which itself has seen sales grow by 116 percent.

 

That said, McLaren expects sales to grow even further and is aiming to sell between 4,500 and 5,000 vehicles annually. They sold 3,286 cars last year.

 

According to the publication, the increase in luxury and performance sales is due in large part to economic recovery following the "Great Recession" of 2009. It is estimated that 226,450 people with assets worth more than S$40 million have increased by 21 percent from 2012.




0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • It's okay, you're just feeling ambivalent

    I almost always struggle to describe my state of mind when asked to consider how I'm feeling. How do you express emotions that exist together but work in opposition to each other? When invited to join a gathering with friends, I delight over the prospect of catching up but also yearn to be lounging at home. I'm inspired by an accomplished co-worker yet envy her. I feel happy about a new beginning but nervous and, at the same time, sad over the closing of a chapter.  It's complicated. A
×
×
  • Create New...