August 31, 2023
A report by RBC Capital Markets suggests private jet sales are about to surge following similar gains by luxury autos.
Sales of Lamborghini, Ferrari, Maybach, Rolls Royce, and Bentley cars have risen 31% on a year over year basis since November 2016, and March alone saw a 53% increase in sales, according to a report by Yahoo Finance. Previously, private jet sales have increased following these type of gains.
“The sales of these vehicles have led sales of business jets by one year with a correlation of 87% since 1995,” Matthew McConnell, an analyst from RBC Capital Markets wrote in a report. Read more…
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