Supercar Market

[SSO]

Just did a blog on the Supercar Market:



Where do you think the market is heading?

 

[Centurion]

I think classic Ferraris, Porsches, Fords and Aston will continue to have demand. They are store of value that are liquid, transportable and can be sold for profit without having to pay tax. Hence why they are good investments along side properties.

Supercars are fashion. Customers tend to want the latest. As soon as a new model launch, it pulls the crowd towards it and people pay over list price. This won’t change, especially if the economy outlook improves and we enter a new era of “everything is going up”!

I’m not bullish on hyper cars. I think that new comers will face struggle to fill orders. There are too many $2-4m cars unveiled every month. All of which have unknown re-sale demand.

 

[SSO]

I think classic Ferraris, Porsches, Fords and Aston will continue to have demand. They are store of value that are liquid, transportable and can be sold for profit without having to pay tax. Hence why they are good investments along side properties.

Supercars are fashion. Customers tend to want the latest. As soon as a new model launch, it pulls the crowd towards it and people pay over list price. This won’t change, especially if the economy outlook improves and we enter a new era of “everything is going up”!

I’m not bullish on hyper cars. I think that new comers will face struggle to fill orders. There are too many $2-4m cars unveiled every month. All of which have unknown re-sale demand.

Have to disagree, while cars maybe a store of value, they aren't that liquid and in the US you certainly have to pay tax on any profits.

 

[Centurion]

Have to disagree, while cars maybe a store of value, they aren't that liquid and in the US you certainly have to pay tax on any profits.

Oh yes. i forgot that in the US, you pay tax on used cars or transfer of titles?