Luxury Institute News

September 13, 2011

Supercar mania drives on among the wealthy


Mountains of economic uncertainty around the world would hardly seem to create the frothy time for automakers to roll out new, mega-expensive sports cars.

By Chris Woodyard
USA Today
September 12, 2011

Yet the automotive world finds itself awash in the kind of extreme two-seaters that are so quick, light and expensive that they are called supercars. More than a dozen choices, some costing upwards of $2 million, are here and more are on the way to cater to the fickle rich elite who seem largely immune to economic downturns…

Click the link to read the entire article which includes a quote from Milton Pedraza, CEO of Luxury Institute: http://www.usatoday.com/money/autos/story/2011-09-12/super-cars/50375454/1