Luxury Cars Still a Popular Purchase for Britain’s Wealthiest

Image: Hot Car Zone
As British luxury car dealer H.R. Owen prepares to unveil a new Bentley model tomorrow, many are wondering who buys these high-end vehicles during tough economical times? For starters, Britain’s wealthy do.
H.R. Owen has been in business for 80 years, and to celebrate, they have decided to mark the occasion with the unveiling of a new Bentley model. According to the luxury car dealer, Bentley’s are still selling quite well in the UK, thanks to repeat wealthy customers.
CEO of H.R. Owen, Joe Doyle, recently said that business is good, despite economic woes for many people. According to Doyle, repeat customers are a great resource for luxury vehicle sales and contrary to popular belief, the very, very wealthy people at the upper end of the market are not really that affected by a recession.
Doyle says that working within the economic wealth of the London bubble helps to keep H.R. Owen in business. “When the manufacturers are releasing new models, they’re innovative, and they’ve got desirability,” says Doyle.
Source: Business Insider
Like Haute Living London? Join our Facebook page or follow us on Twitter @HauteLivingUK. Want Haute Living London delivered to your inbox once a week? Sign up for our newsletter.
You slide into the chic leather interior of your brand new automobile and your fingers slowly tighten themselves around the steering wheel. It is the perfect fit as if this spot in the lap of luxury was created specifically for you.
China is quickly taking over the luxury market, buying more than practically any other country when it comes to extremely expensive high-end items, including cars.
Picasso and Modern British Art, a brand new exhibition at Tate Britain, will explore the artist’s legacy and impact on modern art in Britain.
In 2011, China displaced Great Britain as the fifth-largest wine consuming country in the world. The United States ranked number one.
All over London, there are plenty of the new breed of Minis buzzing around town - they are cute, stylish, economical and perfect for a tight London parking space. But are you getting the most from your Mini?
The chief executive of German carmaker Daimler said Wednesday that the company has more work ahead as its flagship brand Mercedes-Benz battles to overtake luxury rivals BMW and Audi.
This summer a record gathering of Ferrari F40s will take place at the Silverstone race track in the U.K. to celebrate the 25th birthday of the luxury sports car. F40 owners from around the world will head to the British race track along with their cars for the Silverstone Classic.
With China's booming economy, it's no wonder it's producing so many brand new billionaires.
West London’s Billionaires’ Row has a new resident: Roman Ambrovich. The Russian tycoon and owner of Chelsea Football Club spent £90 million on a mansion where he will live with his girlfriend Dasha Zhukovia and the couple's son, Aaron.
Opening to the public on November 18, the Los Angeles Auto Show features a slew of luxury cars in what is known as one of the most important venues for carmakers because of California’s position as the largest car market in the United States.