2022 was a terrible year for billionaires, many of which lost nearly $2 trillion combined.
Despite stock, crypto, and bond market turmoil, as well as soaring interest rates, elevated inflation, and increased risk of economic uncertainty, the ultra-wealthy were increasingly purchasing luxury vehicles.
Rolls-Royce Motor Cars published a press release stating it recorded its “highest-ever annual sales” in 2022, delivering 6,021 motor cars, up 8% versus 2021.
“This is the first time in the company’s 118-year history that its sales have exceeded 6,000 in a single 12-month period,” the British luxury carmaker said.
Rolls-Royce’s sales were led by the US, China, and European markets. The automaker said orders stretched well into this year and noted the high demand for its vehicles, many of which fetch $500k, which led to an expansion of the company’s Goodwood plant in the UK.
“2022 has been a momentous year for Rolls-Royce Motor Cars,” CEO Torsten Müller-Ötvös wrote in a statement.
“Our order book stretches far into 2023 for all models,” Müller-Ötvös continued. “We haven’t seen any slowdown in orders.”
Müller-Ötvös added the brand’s bespoke, customized approach to “ever more imaginative and technically demanding – a challenge we enthusiastically embrace.”
And it’s not just Rolls-Royce. Bentley and Lamborghini had record sales last year.
Lamborghini delivered 9,233 vehicles in 2022, a 10% increase from the year before. Bentley delivered 15,174 vehicles, a 4% increase over 2021, which was a record year.
The growth of luxury vehicle sales reflects high net wealth folks are doing just fine despite a vast amount of wealth vaporization due to central banks tightening monetary policy. As for everyone else, many folks can barely afford their $1,000 car payment, as an auto bust seems almost inevitable.
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It’s a little people that hold these people up it’s about time people started to realise that they’re using you for their own gains they don’t care about you only your data these people at davros are very dangerous people they are more of us than them and it’s about time that the general public started to use their voices otherwise this will only get worse you’ll lose everything anyway stand up in recounted or sit back and be dominated against and going back to a dystopian future for your children because you couldn’t be bothered to stand up for them.
My tenant died. 44 years old. No job – gets welfare. Little money. Couldn’t afford quality/healthy food.
He couldn’t get medical help anywhere, even though he had health insurance.
That’s how far Germany has come down.
And right now I have to think about whether I should buy a new 5-series BMW or only a 3-series BMW… because of the crisis.
And today we read that Daimler Benz is donating a bonus of 7500 euros (near dollars) to every employee for a good business year 2022