Surrey supercar dealership, Romans International, has seen its turnover rise from £23.8m in 2012 to more than £70 million in 2016, with 2017 on track to be the best year’s trading to date. Its performance has caught the eye of the Financial Times’s, which included the dealer on its list of 1,000 fastest-growing companies in Europe.
The dealer attributes the results to the increasing number of millionaires and billionaires basing themselves in London. Among the stock sold by the dealer in 2017 are a Maserati MC12 and a pair of Ferrari LaFerraris with all three of those supercars approaching prices of £3m each. Since 2015 the dealer has transacted 25 Ferrari 458 Speciales, most recently for a price around £350,000.
Tom Jaconelli, Director, said: “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.”
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