For the millions of people whose bottom lines weren’t devastated by the COVID-19 pandemic, industry experts are noting a spate of “revenge spending” for those who apparently had money — lots of it — burning holes in their pockets during lockdown.
For example, ABC Audio has confirmed that if you’re in the market for a Lamborghini — and who isn’t? — you better move fast. A rep for the supercar company tells us, “we are nearly sold out for 2021…for the production slots of all model lines.”
CEO Stephan Winkelmann tells Bloomberg, “Despite a two-month shutdown due to the pandemic, Lamborghini ended 2020 as its second-best year ever.”
At the Milano Monza Motor Show over this past week, consumer traffic for other dream cars like Porsches and Ferraris also was heavy, the business publication noted.
And to think, you Instagrammed your free Uber ride to get your vaccine.
But it’s not just supercars that are on the menu, with many experts already seeing signs of a post-pandemic spending boom for everything from flower deliveries to furniture orders.
Visa’s ranking of how its cardholders spend their dough, called its Spending Momentum Index, shows that 65% of consumers are spending more than they did in 2020 — and 51% more than they did at this time in 2019.