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Tech Tycoons Fuel Record Bespoke Rolls-Royce Demand
17 Oct
Summary
- Younger tech entrepreneurs are driving demand for bespoke, high-value luxury cars.
- The average Rolls-Royce buyer is now 43, down from 56 in 2010.
- Customised Rolls-Royces can cost 25% more, with seven-figure sums not unusual.
Rolls-Royce motorcars is experiencing a surge in demand, largely fueled by a new generation of wealthy clients from the technology and cryptocurrency sectors. The average age of a Rolls-Royce buyer has significantly decreased to 43, down from 56 in 2010, reflecting rapid wealth creation among young entrepreneurs.
This shift has led to increasingly elaborate bespoke requests, such as interiors adorned with thousands of feathers or cars designed in homage to beloved pets. These customisations are a significant driver of value, with the average Rolls-Royce now selling for approximately £500,000, a substantial rise from £300,000 a decade ago. Heavily personalized vehicles can command prices 25% higher than standard models, with seven-figure sums not uncommon.
The company is investing £300m to expand its Goodwood, West Sussex factory to accommodate this demand and the complexity of bespoke commissions. While Rolls-Royce faces industry-wide challenges like electrification shifts and competition, its focus remains on meeting the unique and evolving desires of its high-net-worth clientele.
Rolls-Royce's heritage dates back to 1904, with its reputation for excellence cemented by early models like the Silver Ghost. While the company has undergone ownership changes, including acquisition by BMW in 1998, its Goodwood factory, opened in 2003, has become a hub for exceptional British craftsmanship. The brand continues to be a byword for the very best, with artisans meticulously crafting each vehicle to order.