Luxury Vehicles Trending in Middle America Reports ISG Motors
Rare and exotic autos a growing market in areas like Tennessee
Dhillon saved the money for his Lotus, when he was a student in England. The car broke down almost immediately after he bought it, and it took him two years to pull together the funds to get it back on the road.
More than two decades following, Dhillon has added another 10 foreign luxury cars to his collection, which includes the original Lotus.
Most of his cars would be considered under the 'exotics' category. He owns Porsches, Lamborghinis, and Ferraris that are all fast, handle well, and are limited-number manufactured models.
“Driving these cars can be a wonderful release,” Dhillon says. “I often need to get a way for little while just to do something that will even out stress levels. Ten minutes and a quick drive can really reset your clock.”
While Dhillon's hobby may seem nonstandard to some, car dealers and owners within Middle Tennessee note that the high-end and high-precision cars are a growing market in the area. The trend is sparking auxiliary business, with memberships at local car clubs growing.
Mathew Shaw, the owner of Classic Porsche Restoration in Brentwood and Hermitage, is now rolling out The Car Stables. The business is a Cool Springs-based storage and maintenance company that caters exclusively to luxury cars.
“I did my market research and determined that I’d have a guaranteed future market,” Shaw says. “The number of restored cars and exotics is only going to grow. These are the cars that are never going to the junkyard.”
“Space is a limited for a lot of owners and collectors,” Shaw adds. “It may be what’s holding them back from buying another car. I don’t want the car that’s in their garage; I want the car that they don’t have yet. I can give them an alternative place to sell trade and invest in cars.”
Mike Gillespie is an exotic and luxury car collector, and notes that one major indication of the market is the opening of Maserati Rolls-Royce Bentley in Cool Springs.
“I think the opening of that dealership was a key indicator,” Gillespie says. “It really shows you how things are changing here. People are more inclined to buy these cars. You used to have to drive to Atlanta to get these cars serviced, but now it’s available here.”
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