The supercar and luxury vehicle market is stronger than ever, with one company reporting record lending volumes in May.
The financial services company JBR Capital has seen its highest borrowing to date on models from Aston Martin, Ferrari, McLaren, Porsche and Rolls-Royce in recent weeks.
The company’s May statistics showed that Porsche was the most heavily financed brand – with the 911 (991) the most popular model ahead of the Macan and Cayenne.
The result marked a change compared to the previous year, when the fully electric Taycan generated the most offers.
The data shows that supercars are as popular right now as ever, with summer approaching, as are luxury SUVs, including the Rolls-Royce Cullinan.
Overall, the most popular model in May was the Aston Martin V8 Vantage.
The very successful month means UK households spent more than £ 200 billion on luxury vehicles last year.
Many luxury car dealers are reporting record sales of luxury cars as business owners and wealthy customers make big bucks on their savings they earned during the lockdown.
According to JBR Capital, the demand is currently higher than ever.
Darren Selig, the company’s founder and chief commercial officer, said, ‘The demand for high-performance sports cars, supercars and prestige vehicles remains incredibly strong.
“We saw a record in March and April – and May has now overshadowed those months.
‘Undoubtedly there was some catching up to do and as restrictions eased this was brought to market as our dealer importers reported rapid luxury car buyouts and shortages of inventory.
“Since customers cannot go on expensive holidays abroad, many want to do something good for themselves.
“In addition, many are lucky enough to have more money in their pockets thanks to lockdown savings.
‘Looking ahead to the summer months, we believe this trend will only continue.’
After analyzing the May numbers, the company also released a list of its 10 most popular models.
The list can be seen below:
1. Aston Martin V8 Vantage
Selig said: “The compact, stylish and fast V8 Vantage stole the lead over the V12 Vanquish, our customers’ favorite Aston Martin to date, and was a huge success.”
2. Bentley Continental
Selig said: “Fast, luxurious and relaxing, the Continental continues to be our customers’ top Bentley, but while the 4.0-liter V8 was the first choice a few months ago, the W12 is just as popular now.
3. Ferrari 458 Italia
Selig said: “Last month it was the 488 GTB, but now the hottest Ferrari on the market is actually its predecessor. It made up half of all the Maranello models we funded in May, which included the Testarossa and 250 SWB.
4. Lamborghini Huracan
Selig said: “The Huracan took the top spot from the Aventador and made up more than 50 percent of all Lamborghinis financed, with the Urus luxury SUV accounting for a third of the proposals.”
5. Land Rover Defender
Selig said: ‘The new Defender is hugely popular with our customers; They love the combination of iconic styling and robust functionality. And while the P300 is the most popular, the Overfinch version isn’t far behind. ‘
6. McLaren 570s
Selig said, “Woking’s entry-level supercar has all the right ingredients for our customers. It made up more than 80 percent of the McLaren models we funded in May, followed by the 720S and 650S. We also financed the purchase of a Senna. ‘
7. Mercedes-AMG GT
Selig said: “Our customers love the AMG models, from the C-Class to the G-Class, but currently it is the two-seater 911 rival GT supercar that is winning sales thanks to its combination of V8 grunt and striking looks. “
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8. Porsche 911 (991)
Photo credit: Porsche
Selig said, “Our customers absolutely love the 911, and in May it was the 991 generation that blew out of dealerships, and JBR Capital has made suggestions for everything from Carrera 2 and 4 to Turbos and GT3s.”
9. Range Rover Sport
Selig said: ‘The sport continues to fascinate; Its combination of space, luxury and all-round capability is proving to be popular, with demand spreading across all models from diesel to SVR. ‘
10. Rolls-Royce Cullinan
Selig said, “This is perhaps one of the most controversial models ever made by the Goodwood-based luxury brand, but like the Lamborghini Urus, these are extremely sought after right now.”
