Blow the lockdown cobwebs away with a self-drive supercar holiday

Bored with lockdown? Don't want to fly? Why not go on a Grand Tour of Europe at the wheel of a supercar instead?

Fast cars on a mountain road
(Image credit: © Ultimate Driving Tours)

Successive lockdowns have left a swathe of shattered holiday plans and disappointment in their wake. Not surprisingly, frustrated well-heeled travellers, who have had to swap the airport lounge for their own lounges at home, have sought an alternative outlet for their wealth. That’s been a boon for dealers of second-hand supercars.

“We saw a significant increase in the sale of used cars in the region of not more than £150,000,” Ken Choo, chief executive of HR Owen, Britain’s biggest dealer of Ferraris, Lamborghinis and Bentleys, tells the Financial Times. “People said ‘I cannot travel to the Bahamas, so I will buy a used Ferrari or Lambo instead’.” Arguably, the trend was already under way before the pandemic arrived. In the year to the end of 2019, the number of supercars in Britain rose by 12% on the previous year, to 15,700, according to a new study by accountancy group UHY Hacker Young.

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Chris Carter
Wealth Editor, MoneyWeek