Fast and Furious: why Brexit has boosted supercars sales

I know you’re possibly a little sick of hearing about Brexit (the office water cooler conversation could do with a bit of a boost at LCV…), but I do have an interesting fact on the subject; not just a gloomy prediction.

Since the vote to leave the European Union, sales of supercars have been picked up like hot potatoes in the UK. The fall of the pound in relation to the dollar this January has meant overseas buyers get much more for their money, giving them savings of about 20%.

One high end dealer in Surrey has recently seen a Porsche 918 Spyder, McLaren P1 and Bugatti Veyron leave his highly secure forecourt.

This surprises me slightly as when you’re paying over a million for a car, I wouldn’t have thought you were that budget conscious - what difference is the odd 20% reduction going to make? But apparently these cars are often bought by investors to be part of a collection.

I suppose if there’s a car out there that doesn’t depreciate in value it’s one that’s too expensive to drive and which there is only a handful of. It’s a bit like gold which saw a 22% increase in value on the day after Brexit.

And you don’t have to be an economist to guess that since the vote, the UK has bought less supercars to sell over here. So get one quick! Seriously it’s an investment, not an expense.