Obviously, the ability to spend $250,000 or more on a sports car doesn’t mean you know how to drive it. Two rising trends have dumped more of these gorgeous rockets into the scrap heap. As wealth continues to aggregate in the top percentile, more rich people are willing to drop this kind of dough on a toy. Also, the horsepower race has made 500 ponies a starting place. The Bugatti Veyron has 1,001 horses and a top speed of 253 mph.
Americans bought roughly 8,400 “ultra-luxury” sports cars last year—more than three times the number in 2003. And there are more makes and models to choose from than ever. The California Highway Patrol estimates that the number of wrecked Aston Martins, Lamborghinis, Ferraris and so forth has jumped 81
percent since 2002. This weekend’s “Wall Street Journal” looked at the growing number of crack-ups.
In Horsepower Race, More Supercars Get Wrapped Around Trees
Obviously, the ability to spend $250,000 or more on a sports car doesn’t mean you know how to drive it. Two rising trends have dumped more of these gorgeous rockets into the scrap heap. As wealth continues to aggregate in the top percentile, more rich people are willing to drop this kind of dough on […]
