Bugatti could set revenue record in 2020, but will delay second model, company p

[Graybeard]

https://www.foxbusiness.com/lifestyle/bugatti-record-revenue-delay-second-model

By Gary GasteluFOXBusiness

Bugatti is still making bank.

The VW Group-owned hypercar maker could set a record year for revenue in 2020 despite the global economic slowdown caused by the coronavirus pandemic, but is still feeling its effects.


Bugatti president Stephan Winkelmann told Bloomberg that plans for a second model that would slot in below its $3 million Chiron hypercar have been put on hold.

“We had talks about a second-model lineup,” Winkelmann told the outlet. “This was now blocked due to the coronavirus crisis; we’re not talking about what’s coming next.”

This is the second time this year the VW Group-owned automaker has announced a development delay for the new vehicle, which a company source told Automotive News would be neither a sedan or SUV.

“We want to do something different,” the source said.

Bugatti delivered 33 Chirons through the first half of 2020, which was down from 42 last year, but Winklemann said in March that its order book is completely filled for the year and over 70 percent of 2021’s production capacity is already spoken for.


More than 250 Chiron’s have been sold since its 2016 debut, which is half of the self-imposed 500 car production limit Bugatti has set for it. It is available in several versions that include the 300+, which is capable of reaching 300 mph and starts at $3.85 million, while the one of a kind La Voiture Noire became the most expensive new car ever sold in 2019 when a still undisclosed customer bought it for $18.9 million.


In September, Car Magazine reported that VW Group was in talks to sell Bugatti to Croatian electric car company Rimac, in order to focus on more mainstream models, but Winkelmann declined to comment on the report.

[Bob Riebe]

It is some what amazing, to me, how the high bucks, Euro Foo-Foo car companies are , compared to any time since the thirties, selling like hot cakes.

Now, to a degree, that even includes the ultra-radical high six figure sports cars.
Their production numbers in five years, exceeds the entire production of many from past in a ten to fifteen year period before the turn of the Century, the car was sold.
Looking through Hemmings, these cars, sold used , lose 50 percent of their value darn near rolling off of the show room floor.
And they are listed far more often than one expects.
If one wants to be the talk of the town, one could afford a used Euro exotic for far less than the radical models out of Detroit, with full size sedans, Bently, Rolls, Mercedes etc.  for the price of a new pick-up or very often far less.

I remember well , approx. 12 years ago, I was at the hot car show at the Minn. State Fair grounds, there was a used Aston Martin sports GT, less than five years old, for sale for thousands less than the price of a new Mustangs they were selling.
It was at a Ford dealer with space at the show .

[geezerbiker]

What amazes me is that it costs the price of a new Toyota to have one of those things serviced.  They have to take off most of the body panels to change the oil.

I have to admit that if I could afford it I'd have a Ford GT but since I'll never have that kind of bux to blow...

Tony

[Lloyd Smale]

300mph is mind boggling. The differnce in 120 and 150 is hair raisng. 150 to 170 is even more of a difference.  when you get up to those kinds of speeds the feeling mulitplys like it does in a fast boat. Drive a 60mph boat and youd think your were doing a 120. Drive one 80 and you might want a diaper. I cant imagine what it feels like to drive 300!! All i can do is imagine because the differnce in 200 mph cars and even 250mph cars is usually measured in millions of dollars. Yup some exotics really take a licking on the used market but then some like the high end porches, gt500s and high end ferraris and even these Bugatti's can fetch over sticker price when there 3 to 5 years old. The ones that really seem to take a hit are the jags and bmws and the standard production mercedes cars. Was watching the actions on tv one day and they were selling sub 100k mileage examples of those for under 10k. But one things for sure. You aint NEVER going to see a bugatti venom for 10k.

[Bob Riebe]

You aint NEVER going to see a bugatti venom for 10k.

One of the odd things, but a this is now based on greed, not desire for exotic autos, the old ones, for the sixties and seventies are now hitting astronomical prices.
Ferrari 330s and Iso Rivoltas , which are plain and simple 4 passenger sedans for the masses and back in the nineties were being sold for under 10,000 dollars are now drawing very high five to six figure sums.
These were the Ferrari and Iso for the masses, costing thousands less than a GTB, Daytona or Grifo

It is the ones from the nineties to the early aughts that now sell for comparatively affordable prices.


Iso Rivolta

Ferrari 330GT

[Lloyd Smale]

yup bob even 308s which a few years ago were as cheap as used vettes are climbing in value steeply. Should have bought a couple when they were 3ok or less.