The priciest cars are selling fast
Rolls-Royce and Ferrari are at full throttle
Pricey automobiles are impressive on paper and on the road. For their makers, they also often leave a good impression on the income statement. Global car sales in 2022, at around 79m vehicles, are below the level of a decade ago. Yet demand for fancier sets of wheels costing more than €100,000 ($107,000) grew by around 6.5% a year over the same period, according to Bernstein, a broker.
This article appeared in the Business section of the print edition under the headline “High-performance motoring”
Business January 14th 2023
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