When we refer to luxury cars we do not mean simple luxury cars, we mean the types of cars that are worth more than six figures. Models such as the Lamborghini Huracan ($ 181,900), the Ferrari California T ($ 205,000), the McLarens 650S ($ 326,100), the Maserati Alfieri. Or the Porsche 918 Spyder ($ 845,000) model launched by the German house to segment its customers into two. The very rich of the ultra rich.
At least in the US, in the heat of unlimited printing of money
If there is one thing that Bernanke, Yellen and the QE have achieved. At least they have made sales of super luxury cars set a historical record.
You know when you are a billionaire and the Treasury bonds are giving you very low yields of 1% to 3%, the smartest thing you can do is to include a small extra in the last ultra cheap and ultra leveraged financing package you have acquired to finance a new LBO and at least treat yourself to buy one of those four-wheel wonders that are sold under brands such as Ferrari, Lamborghini and Porsche.
Especially the Maseratis seem to be selling lately
As churros in the US. So you already know, at least in the USA, 0.1% of the Population, to the so-called Masters of the Universe, that is, those who can spend $ 500,000 to buy a car if they almost blink, it seems that for them that of the Financial crisis is a thing of the past.
You know, once you start to be clear that the financial system will not let it collapse and that the Fed is going to dedicate itself to flooding the liquidity market to make the price of your assets can only go up, you can now change your Maserati without any worry.