In what can only be seen as a growing problem for us all, especially those of us up here in MotorMartin Towers forced to try and make sense of this crazy world of automobiles that we all love so dearly. Our spiralling demand for supercars and that amongst London’s super wealthy elite has seen a Surrey dealership named as one of the fastest-growing businesses in Europe. Blimey!
Family-owned Romans International, have recently shared with MotorMartin that they have seen turnover rocket from 2012 (£23,884,972) to more than £70 million in 2016.
The huge surge – fuelled by an ever increasing number of millionaires and billionaires calling London home and the uncertainty of traditional investments – has seen the company named in the Financial Times’s list of 1,000 fastest-growing companies in Europe.
And, Romans International have said that with supercars continuing to fly out of their showroom, there’s no sign of demand slowing.
2017 is already shaping up to be Romans’ best ever year and just this year the dealership has sold a Maserati MC12 and a pair of Ferrari LaFerraris with all three of those supercars approaching prices of £3m each. Gulp.
Another highly-prized model the Ferrari 458 Speciale – has been bought and sold by the dealership 25 times since 2015 and most recently for a price around £350,000.
Tom Jaconelli, Director, shared with MotorMartin recently that: “Trade in supercars has been phenomenal in the last few years and demand is continuing to outstrip supply.”
“We’ve been trading for over 20 years and have never known business to be so strong – even when the economy has been at its best.”
“With continued uncertainty in the markets, investors are seeing collectable, high value cars as an increasingly attractive option to invest their money. It’s not uncommon to have sold the same car two or three times in a year as values have risen and owners try to turn a quick profit, many making thousands of pounds in just a couple of months.”
“Some of the cars are definitely worth playing the long game for though – we’ve seen some cars more than double in value in the space of two or three years and when it’s a £1million car to begin with, that is one very handsome profit for the customer when he decides to sell it.”
But let’s not forget that it’s the quality of their customer service and hard work that keeps people coming back to Romans International and long may they continue to do so. And of course, MotorMartin is more than happy to recognise and celebrate those individuals and businesses that strive to hold on to and demonstrate the values that mirror our own up here at MotorMartin Towers.
And if you’re lucky enough to be looking out for a supercar of your own then why not click here to look at some incredible cars and get in contact.
Where will you go?