Perhaps it’s not news that car prices have skyrocketed in the last two years. This price hike has affected all automotive segments, including sports cars and supercars. The primary culprit has been inflation and automotive production slowing. It all began when the lockdown caused by the pandemic started bashing the automotive industry’s door back in 2020.
Inflation and struggling supply chains continue making car prices soar. And to make matters worse, even if you have enough cash to buy a supercar outright, it takes longer to get your hands on one nowadays. Therefore, some prospective supercar owners will spend extra to get their exotic cars quicker instead of waiting in line like everyone else, driving up prices even more.
Nowadays, new sports cars and supercars are selling out days after launching. And the low supply of vehicles and parts makes them more scarce, thus more expensive than they used to be.
What Is Driving the Pricing Behind Sports/Supercars?
When the auto manufacturing industry and supply chains worked like a perfectly oiled machine before the pandemic, consumers didn’t have to wait or pay extra to get their hands on any make or car model they wanted.
However, today’s unprecedented global shortage of cars is forcing buyers to sign up on waiting lists for new vehicles. Unfortunately, it can be months before they can get them. And yes, this also applies to sports cars and supercars.
For instance, in the United States, exotic cars sell even higher than the asking price because people will offer more to shorten the waiting period, which inevitably aggravates the shortage. This shortage is increasing prices of both new and used supercar models and could worsen.
Despite the estimates and studies that attempt to predict the near future of new car prices, if we have learned anything in the last two years, it is that anything and everything can happen.
Uncertainty will continue to be a constant in many markets. Still, fortunately, by being diligent and using tools that help us make more intelligent purchases, we can increase our chances of getting a good deal when buying a supercar.
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