Exotic Car Sales Rev Up

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It may be shocking to hear, but yes it is true! Exotic car sales are revving up. The economy may be struggling to fire on all cylinders but it seems as though the “1%” are doing just fine. It’s not just the United States that is seeing this market grow. According to CNN.com, the global sales of exotic vehicles are on the rise (Valdes-Dapena, 2014). Partly, these heightened sales are due to the fact that China’s wealthy are just now getting much easier access to these beautiful machines.

With 2013 over and done with, Lamborghini says that they sold a whopping 2,121 vehicles globally last year. According to CNN, this is the third straight year Lamborghini has had a sales increase! The Italian company currently sells only two different vehicles, one – the 700hp, $400,000, Aventador and the other, a more modest 562hp, $225,000, Lamborghini Gallardo. CEO, Stephan Winkelmann mentions that the United States continues to be the number one buyer of these high-priced cars (Valdes-Dapena, 2014). Personally, I would not be shocked to see the sale numbers increase yet again at the end of 2014 due to the release of the replacement Gallardo and a rumored SUV is in the making!

Need an exotic vehicle that can carry more then two people? And do it in opulent style? Well it seems the wealthy are in need of that. Rolls Royce, the fancy and sophisticated sister of BMW is also recording high sales. The very highly regarded brand sold 3,630 voluptuous vehicles this past year (Valdes-Dapena, 2014). This marks the fourth year in a row that the company recorded record sales numbers. Look for the new two-door Wraith, which seems to be the hottest car on the market for the wealthy who want to arrive in style.

The other luxury company to roll out of England is Bentley. They too recorded sales of more than 10,000 cars last year alone. Wolfgang Schreiber, the CEO of the company says that most sales come from China and that he expects them to continue to drive up sales in the coming years.

Yet again, it’s another company from England that is setting records. Aston Martin, has seemed to capture a huge audience of James Bond wannabe’s. The company sold 4,200 cars in 2013 (Valdes-Dapena, 2014). The British super car maker hasn’t seen numbers like that in nearly six years! 

Heading back to Italy, Maserati sold 15,400 cars last year (Valdes-Dapena, 2014). Compared to every other exotic company listed here, Maserati offers the most “affordable” cars. The company even lessened its exclusivity and has released the Ghibli which will set back the buyer at least $66,000. This is the new entry-level vehicle and is meant to rival BMW and Mercedes. If you don’t want to be driving around in car that’s less than $100,000 please don’t worry as you can still buy an MC Stradale for $155,000!

If you’re curious as to why Ferrari didn’t make the list it’s because they’re actually cutting down on production. No, they’re not short on money. They just think that even if you have a few hundred thousand dollars to drop on a car, you should still have to search hard to buy a Ferrari.

With an inconstant global economy right now, who knows whether or not exotic car sales will continue to rev up in the coming years. I  certainly would not predict that any of these companies will mass produce their vehicles. They will always hold their place in society as rare, exclusive, and of course exotic!

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Reference:

Valdes-Padena, P. Exotic Car Sales Surge to Record High-Except Ferrari. CNN.com

A Red Horse Ready to Pounce!

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IMG_0579Lets roll back to 1999 when the super car company Ferrari stopped production of the beloved 355 and brought to life the 360 Modena. The Modena went on to have a very successful  5 year model run with a production line of about 17,500 units! Ferrari made 3 different models of the 360- the 360 Modena, the Spider and the Challenge Stradale.

The 360 Modena and the 360 Modena Spider were identical except that the Spider was missing its roof. The Challenge Stradale was the most extreme model. This special edition model   was 242 pounds lighter with a bonus 25 horsepower making a total of 425hp, compared to the regular 400hp in the Modena. In the rear of the car lay a 3.6 liter V8 engine which gave off a pitch perfect exhaust note every time.

The super car was named in honor of Modena, Italy– the hometown of the late Mr. Enzo Ferrari. The number 360 represents the supercar’s 3.6 liter engine. The prancing horse is able to launch to 60 mph in just over 4 seconds, making it very difficult for others to catch up.

Unlike most exotics at the time, the 360’s interior was just as striking as the outside. The car’s plush leather seats made long distance rides more enjoyable. The Stradale was completely stripped down of everything except the AC, making this model better off for quick runs. If you’re looking for a car with good rear window visibility then you may want to research another car. All Modena models have a very limited view of what they leave behind in the dust. One of the most notable features on the horse was the F1-like paddle shifters that swiftly change gears in just milliseconds. And of course a manual 6 speed transmission was still available for the old school.

The whole fleet of Ferrari’s had a top speed of around 180mph (the Challenge went 189mph), which for the late 90’s was groundbreaking. At the time, one could become an exclusive Ferrari owner if they dropped around $155,000 on this high-end vehicle. If you just so happened to have an extra $34,000 lying around, then you could obtain the Challenge Stradale. If you’re the kind of person who doesn’t want to spend a lot of time at the pump, this car, or any Ferrari for that matter, is not for you… the car gets just 11mpg city and 16mpg highway. Yes, I know that’s enough to drive any Prius driver crazy!

Yes, this is me (below) driving a 360 Modena around the track at speeds over 100mph! Turn up your volume and listen to the music at the bottom of the page!

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