With New Residents Flocking To Miami, Luxury Car Dealerships Are Seeing Record Sales

A group of Miami car dealerships is enjoying record business thanks to the flood of new residents moving to the area during the pandemic.

Ken Gorin, CEO of The Collection, told Bloomberg that December was the best month ever for his company.

The Collection is owned by Miami developer Ugo Colombo. It operates seven dealerships, including Audi and one of the largest Ferrari dealerships in the United States.

According to Gorin, about 10% of the company’s record sales in December could be attributed to recent migration from other states. Overall sales are “way up,” he said.

The new buyers are coming from places that include California and New York, he added.

 

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Anonymous
5 months ago

“The new buyers are coming from places that include California and New York”

They’re coming, and they have money… lots of it.

Anonymous
5 months ago

lmao!!!

Anonymous
5 months ago

I’m glad you’re tickled about that.

Anonymous
5 months ago

Honestly I don’t know how native born Miamians will compete in the new Miami for jobs, housing (getting outbid), etc.

Anonymous
5 months ago

simple answer is that they cant…this will eventually cause all those
folks to move elsewhere as cost of living goes up

Anonymous
5 months ago

The “new Miami”……… Don’t hold your breath on that. This town has been low wage service jobs since day one, no real evidence that is changing other than a few fluff pieces on hedge fund managers and dot com zillionaires looking to buy mansions here.

Anonymous
5 months ago

“Honestly I don’t know how native born Miamians will compete in the new Miami for jobs, housing (getting outbid), etc.”

Too bad.. it’s called – CHANGING OF THE GUARD

Anonymous
5 months ago

I mean I wasn’t talking about myself. I am a Miamian in California. Whenever I come back I will come with California money. But my heart goes out to all those who will be squeezed out of our city.

Anonymous
5 months ago

Well then I’ll say “bye bye” to all the riffraff for you.

ty3
5 months ago

Nothing new here, just more broker bs talk on miami booming LOL, bitcoiners are buying lambos, in 6 months they will be living in grandpas basement..

Trees On The Roof Guy
5 months ago

Damn there’s a lot of folks like you.. how do you go through life being so negative ?

Annoying
5 months ago

Misery loves company

Anonymous
5 months ago

“bitcoiners are buying lambos, in 6 months they will be living in grandpas basement.. ”

Do you know how much a “lambo” cost? Nah, I highly doubt that anyone who can purchase one of those machines will be living in “grandpas basement” anytime soon.

Mr. Miami
5 months ago

You need to move back to the Rust Belt

Anonymous
5 months ago

I feel like these posts are getting away from Miami lately and starting focus on new wealthy people coming here and oooh my look at the cats they drive and oh geeee look at that plot of land he’s buying to build himself his dream home. How does any of that have to do with Miami ? That’s people’s personal lives and Interests

Anonymous
5 months ago

Cars* but you get what I mean

Anonymous
5 months ago

Pedestrian more of our urban streets. Better quality of life for everyone.

Anonymous G
5 months ago

I like luxury cars.

Anonymous
5 months ago

I dislike many of their owners. Please, you don’t need to drive around cities in 1/2 gear so we can all hear how cool you are.

Anonymous
5 months ago

“I dislike many of their owners”

Jealous?

Anonymous
5 months ago

Let me guess. You drive a late 90s Kia with a garbage bag in the window, and complain here everyday about Miami not extending the Metromover to places tailored to people driving luxury cars.

Anonymous
5 months ago

I like luxury cars too… just wish I could afford one.

Anonymous
5 months ago

And these are the FCK TARDS that love to drive on first gear all the way down 8th street especially when pulling up to BCC @ 3am. Nobody cares. Have respect.

Annoying
5 months ago

Cry baby why move to the Urban core and cry about traffic

Anonymous
5 months ago

Around 3am in the morning, he’s in a hurry to get where he’s going.

name optional
5 months ago

I see your point but I like it though honestly that’s miami

Anonymous
5 months ago

Only people from out of town (who do not know better) would do business with The Collection!

Casey
5 months ago

As the middle and lower class gets crushed, more and more luxury vehicles will be sold…

Anonymous
5 months ago

Capitalism is a b!tch huh?

Anonymous
5 months ago

yup

Anonymous
5 months ago

Not sure why you’re getting downvoted. Pretty insensitive.

Roberto
5 months ago

Yes I agree. But to make areas pedestrian friendly first we need to make sure we have better transit so people have options to move around, if we don’t do that first, most of people don’t live where they work so they are going to need some kind of transportation.

Anonymous
5 months ago

Yaaawwnnn!

Anonymous
5 months ago

They drive terribly

Anonymous
5 months ago

And I’m sure drivers in Miami will show them what real terrible driving is all about.

Anonymous
5 months ago

I love seeing and hearing these gas guzzling and environment killing cars….A Tesla smokes 99% of them, they’re quiet and they don’t hurt our environment (oh and you can get in/out of them easily). So many people now just shake their head at these noise machine toys and the ‘look at me’ drivers (and yes, these are people who can afford whatever car they want).

Anonymous
5 months ago

“ A Tesla smokes 99% of them ” LOL what??? Anyone who knows about cars knows this a debunked myth that Tesla and Elon fanboys love to spread.

Anonymous
5 months ago

I love reading about Tesla drivers burning up in their fire-engulfed Teslas and croaking when their Tesla auto-pilot slams them into a semi-truck. Can’t happen to a more smug group of dbags.

Anonymous
5 months ago

LMAO

Anonymous
5 months ago

I just love the quietness of an electric vehicle.

Annoying
5 months ago

Miami promotes and profits off of Super luxury cars so deal with it. Everyone wants Miami to be this Kumbaya place like it’s a small remote island. It’s NOT‼️ Miami is known to be Party city!! Not jus beach side either. Not a Car hating pedestrian city

Anonymous
5 months ago

I hear ya… but some people want the city to be like Des Moines Iowa or some other place that’s full parks, trees, chirping birds, people walking their dogs or jogging, clean and quiet streets, no traffic, very well kept homes with pickets fences, no unruly people, no homeless people or drug addicts, respectful police, and non-corrupt politicians.

Yeah, dream on…

Annoying
5 months ago

You’re a long way from Iowa

Anonymous
5 months ago

Didn’t say I’m from Iowa.. I was born & raised in Miami before you were swimming around in your daddy’s balls buddy.