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![\"Ferrari's](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/ferrari.jpg\")
\t\tFerrari has cut supply to the UK after demand slumped\t<\/p>\n
It\u2019s hard to know quite how many of the super-rich are leaving London. Some say departure numbers are well into four figures so far this year \u2013 others that the estimates are overstated.<\/p>\n
We can\u2019t get a precise number, but one thing is for sure: it\u2019s happening. The anecdotal evidence of high net worth folk flocking to Dubai \u2013 from senior bankers to the co-founder of fintech Revolut \u2013 is overwhelming. Milan is also popular. As is Portugal.<\/p>\n
But what other data could make us confident of the trend?<\/p>\n
I had a trawl through DVLA numbers on car registrations for the first two quarters of the year.<\/p>\n
In particular, I looked at the figures for the most expensive cars out there. The kind you\u2019d have to be insane to buy \u2013 or insanely rich. The Ferraris, the Rollers, the Lambos. The marques that parade the streets of King\u2019s Road and Bishop\u2019s Avenue.<\/p>\n
\t\t![\"chart](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/10\/thumbnail.jpeg\")
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Almost all of them show a marked downturn in sales compared to last year. That\u2019s true of the supercars, the luxury cars, as well as the hobbyist British sports cars like Ariel and Caterham.<\/p>\n
Elsewhere, however, things look pretty rosy. Sales of Skoda, Volvo, VW, Mini and Ford vehicles are all up. It\u2019s not true across the board \u2013 Citroen and Mercedes have all seen a dip \u2013 but the bottom half of the market is also getting more crowded, with huge sales growth for cheaper Chinese entrants like BYD, Jaecoo and Omoda.<\/p>\n
Reverse gear<\/p>\n
This is hardly definitive proof of the wealthy exodus, but it\u2019s a telltale sign. And the fact that Ferrari has already said<\/a> it is cutting the number of cars it sends to the UK seems to reflect my own findings.<\/p>\n We don\u2019t yet have the DVLA\u2019s third-quarter figures, but the early signs are that this trend is continuing. Aston Martin\u2019s third-quarter results, published yesterday, saw UK wholesale volumes fall by nearly a third, while the SMMT\u2019s September statistics<\/a> showed year-to-date registrations of Maseratis \u2013 which can cost upwards of \u00a3200,000 \u2013 were down by more than 30 per cent.<\/p>\n Luxury brands like Bentley, McLaren and Rolls Royce account for a tiny sliver of the UK\u2019s car market \u2013 well under one per cent. Their fortunes are highly dependent on the behaviour of the top one per cent of earners in Britain. So if their current sales are anything to go by, the rich are indeed packing their bags.<\/p>\n \t\t\t\t\tRead more<\/p>\n