Automotive industry in tatters

We have all heard the rumours of the so called bubble within the car industry bursting, but is there any truth in this? Well start with the main culprit, Mclaren; who’s cars have been hit the most in depreciation. The 720s was one of the most complete supercar when it arrived in 2017 with initial reviews pointing at a stand out car for them. The comparison I like to use is what the Huracan is to Lamborghini, their all round “budget” supercar which can do it “all”.

McLaren Bristol

Prices started at a £208,600 and with a few essential options such as the axil lift, you were looking at a car costing around £230,000. This is relatively high considering it’s main competitor is the more prominent Ferrari 488. The 720s can now be picked up on the used market from reputable dealers for just south of £160,000 which is hefty depreciation amount considering these cars are less than two years old and have sub 1000 miles. Another insult to injury is the fact the first launch editions were selling at a premium. A comparable Ferrari 488, with similar list prices on the used market with the same mileage are listed at £190,000. How do you think Ferrari have kept their owners from taking such a large financial hit? Leave your comments below!

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