Overseas supercar buyers bag Brexit bargains as pound drops

High-end dealer reports surge in European buyers, making savings of up to 20 per cent due to the weaker pound

The dramatic post-Brexit fall in the value of the pound against foreign currencies has brought a deluge of supercar buyers from overseas, according to independent luxury car specialist Romans International.

The Surrey-based dealer said it has seen overseas enquiries rise by more than 20 per cent since the Brexit vote. The sharp increase came as the pound plummeted to a 31-year low against the dollar in January, meaning foreign buyers now get more for their money.

This has seen some of Romans’ most exclusive stock – including a Porsche 918 SpyderMcLaren P1 and Bugatti Veyron – all end up overseas. Demand is especially strong for left-hand-drive hypercars, as VAT-qualifying models can be sold outside the EU tax free.

• Best supercars 2017

“Buyers of cars like this tend to be shrewd collectors or investors,” said Paul Jaconelli, owner of Romans International.

In recent years, there has been a huge increase of supercars imported into Britain, but since Brexit, it’s reversed. European buyers have seen even greater gains in their spending power, with a Euro buying around 20 per cent more in Britain than it did a year ago.

That means for a Ferrari Enzo, currently on Romans’ books at £1.35m, it’s a saving of £270,000 for European buyers – enough to buy a Lamborghini Aventador LP700-4.

• Best hypercars 2017

“Blue-chip supercars are seen as a safe investment,” said Jaconelli. “Britain is offering them at a 20 per cent discount – that’s an irresistible offer to many foreign buyers.”

Are you sad to see some of Britain's supercars and hypercars leave the country? Let us know below...

Most Popular

New 2021 BMW M3 launched with huge grille and 503bhp
BMW 3 Series M3 Coupe

New 2021 BMW M3 launched with huge grille and 503bhp

The new sixth-generation BMW M3 Competition saloon gets a 503bhp straight-six engine and four-wheel-drive
22 Sep 2020
New 2020 Volkswagen ID.4 electric SUV revealed with up to 323 miles of range
Volkswagen ID.4

New 2020 Volkswagen ID.4 electric SUV revealed with up to 323 miles of range

The new Tiguan-sized Volkswagen ID.4 electric SUV becomes VW’s second ID. model, rivalling the Tesla Model Y
23 Sep 2020
New Range Rover Velar PHEV launched with 33-mile electric range
Land Rover Range Rover Velar

New Range Rover Velar PHEV launched with 33-mile electric range

Land Rover has given the Range Rover Velar an update, with a new plug-in hybrid powertrain and an improved infotainment system
23 Sep 2020