Exotic cars are being sold off at ‘huge discounts’ as demand hits brakes
, 2022-12-29 10:48:48,
Jerry Oppenheimer is a New York Times bestselling author and frequent DailyMail.com contributor
Soaring prices for exotic cars have come screeching to a halt, putting sellers at a loss but creating a great opportunity for buyers, auto industry insiders tell DailyMail.com.
Popular everyday cars from the likes of Kia and Ford can garner thousands of dollars in dealer markups over manufacturer’s suggested retail prices (MSRP) due to high demand and showroom shortages.
But sellers of high-powered, collectible dream vehicles such as Mercedes Benz G-Wagens, Ferraris, Aston Martins, Maseratis and other rich-man cars are taking a serious financial hit.
‘A lot of these cars were way overvalued, and people were paying way too much,’ said Todd Rowsell, sales manager for iLusso, a dealer in new and used high-priced exotic cars, in Costa Mesa, California.
The Mercedes-Benz G-Wagen, a favorite among celebrities, is seeing a drastic drop in prices after a slump in the market. Pictured: Kendall Jenner behind the wheel of her G-Wagen in May 2022

Maseratis are among those cars taking a hit, with some being sold at prices discounted by thousands of dollars at certain exotic car dealerships. The Maserati MC12 is pictured
‘Everybody got used to buying a car like a G-Wagen, flipping it and making money out of it,’ he told DailyMail.com. ‘Now that’s all over, and some are taking a bath.’
The boxy, tall-ride, four-wheel drive G-Wagen – considered the Jeep Wrangler for the rich…
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