The founder of Romans International, Paul Jaconelli, has been selling cars for 56 years, yet he has never known times like these.
“There’s a massive shortage of good cars and when you do find something, it’s so expensive there’s no margin in it,” he says. “I think people have taken stock during the pandemic and thought: ‘I’m going to treat myself.’
“We’ve sold loads of Ferraris, Porsches and Lamborghinis recently. The challenge is replacing them.”
Cap HPI, which monitors used car price movements, reports that supercars are a seller’s market.
“We’re seeing strong rises in trade prices,” says its supercar editor, Clive Wilson. “For example, in May, trade values for three-year/30,000-mile cars rose 3.3% and, for five-year/80,000-mile cars, they rose 5.9%. The market is experiencing a massive amount of pent-up…