News Flash: Wealthy Middle Easterners Love Fast Supercars

Illustration for article titled News Flash: Wealthy Middle Easterners Love Fast Supercars

With both the demand and price for oil way the hell up in the stratosphere, it seems that people in the Gulf Co-operation Council (GCC) countries have a lot of extra money. They also happen to love F1 and hot European cars that can go 200 mph. So, they're buying them in record numbers. Kuwait is now the biggest market for Aston Martin in the world. Because we're pinko bleeding-heart lefty types, we love the fact that Kuwait also features the most women buyers of the famed British marque. And lets not forget that the Kuwaiti concern Investment Dar owns 50% of Aston Martin. Many dealers have seen sales triple in the past year. Ferrari as a brand has expanded 120% in the UAE alone. Lamborghini and Porsche are seeing similar increases. Even BMW and Audi are in on the boom. Not to be left out are the little players, as Alpina and RUF are seeing sales spike. As reported earlier, RUF even went so far as to open a $20 million factory in Bahrain. Why on earth not?

Supercars selling like hot-cakes in the Middle East [Motor Authority]

Aston Martin Sold To Kuwaiti Investment Company For $925 Million [Internal]

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DISCUSSION

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Now, while I don't question the fact that some folks in these oil-rich countries have (A) a great deal of wealth, and (B) do very much love their fast cars, I do question the business sense of relocating your production in their neighborhood (lookin' at you, Alois).

Practically speaking, we're talking about nations whose wealth and political stability are premised entirely on the uninterrupted flow of oil. When oil hits $150 or $200 a barrel, there will be problems around the world, but I think RUF stands to lose more with its shiny new factory in Bahrain than Ferrari will in Maranello.

Then again, they may make such a killing in the short term that it simply won't matter. It's also quite likely that by the time the government in Bahrain destabilizes there won't be much supercar juice left anyhow (cries inside).