Average used car prices in the US are up nearly 30% this June compared to the same month last year, Automotive News Europe reports, citing Edmunds research. Rising prices for used cars accounted for more than a third of the growth in the consumer price index – the most intense in the last 13 years.
At the same time, the demand for secondary housing has increased not only in the mass segment. Jerry Spahn, head of communications at Rolls-Royce’s North American division, told reporters that if the British luxury brand used to sell about every third car under the Provenance Pre-Owned program, now this figure is closer to 75 percent.
Sales of used Bentleys increased 150 percent between January and May. The popularity of used McLaren certified by the manufacturer has increased by only 2% in comparison with 2020, but such supercars are much more expensive than new ones. In particular, the 765LT coupe may be asked for 40% more than the recommended retail price, said McLaren North America top manager Nick Brown, calling the situation overwhelming.
This is not explained by the fact that the rich have become poorer – on the contrary, many have even increased their capital during the pandemic. And even the global shortage of microchips has nothing to do with it: it practically did not affect niche brands. Everything is simpler: due to coronavirus restrictions, wealthy people have more free time and fewer options for how to spend it. And those who previously ordered a car with an individual finish and were ready to wait for its delivery for months now willingly agree to a second-hand one – just to get behind the wheel as soon as possible.
We also advise you to watch a detailed test drive of Rolls-Royce Ghost 2021 from the FineAuto team: