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Ang says the super rich are on a spending spree due to boredom[/caption]
In a recent online launch of BMW’s Greenhills flagship dealer, Ramon S. Ang, Chairman and CEO of SMC Asia Car Distributors Corporation revealed that sales of luxury and expensive sports cars have spiked since last year due to the pandemic. “Sales of Ferrari, Lamborghini and other exotic cars have increased, not just here, but globally. Maybe the superrich have nothing better to do because Covid have grounded most them. They are not allowed to travel, so might as well spend it on something that will make them happy or distract them,” he said.