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- They also face fresh competition. A new crop of manufacturers specialising in all-electric supercars are encroaching into the sector, propelled by the lower barriers to entry — with fewer moving parts in place of an engine, electric cars are easier to design and build than traditional vehicles. HR Owen, the UK dealer group that sells more Ferraris, Lamborghinis and Bentleys than any other worldwide, recently announced that two — Croatian electric start-up Rimac and Mahindra-owned design house and hypercar company Pininfarina — will join its stable of luxury marques. - Source: Internet
- Bentley’s EXP 100 GT coupé, unveiled at the marque’s centenary in July, is stuffed with eco-materials, from reclaimed 5,000-year-old wood reinforced with recycled copper around the seats, to an organic leather substitute made from byproducts of wine production. The car is even covered in paint made from recycled rice husks. In time, these features will seep into the company’s wider product line-up. “The new luxury buyers won’t associate with brands they don’t feel have their values,” says Chris Craft, Bentley’s head of sales and marketing. - Source: Internet
- Female buyers are another changing demographic in the luxury car market. While the number of wealthy female buyers is growing, Ferrari estimates they account for less than 5 per cent of its sales. At Aston Martin the figure is 8 per cent, which is higher than a decade ago but still low. In China, however, this rises to 50 per cent, driven by the marque’s flagship £155,000 DB11 grand tourer. Fellow UK sports car maker McLaren estimates its sales to women are around 15 per cent, though it thinks the proportion of female drivers is much higher. - Source: Internet
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