There appears to be no slowdown in the collector car market with limited edition models from prestigious marques continuing to skyrocket in value.
And one of the most sought after is the 2016 Porsche 911 R, which in the United States retailed for $185,950, including destination, but on the used car market is fetching prices of almost £1 million (approximately $1.32 million).
The information was revealed to Motoring Research by Tim Marlow, head of supercar finance company Magnitude Finance.
“We spoke to several Porsche specialist dealers and they confirmed the cars are commanding close to £1 million,” he said. “We believe this is a record level of appreciation for a new car based on a percentage of its original value.”