Thursday, June 12, 2008
Motorexpo to defy credit crunch?
Organiser claims Canary Wharf customers have financial clout to keep spending on cars
The credit crunch may not provide the ideal economic climate for a show of luxury cars, but Graeme Carver, managing director of the London Motorexpo, is confident the event’s affluent customer base at Canary Wharf will remain acquisitive.
“I think it would be fair to assume the credit crunch may make things tougher, but there are a lot of people here who have a lot of money,” he said.
“The average salary at Canary Wharf is over £100,000 per year – so there’s a certain amount of disposable income to play with when it comes to purchasing cars.”
While Carver said the show last year attracted 350,000 visitors, he did not have a prediction for this year’s exhibition which was held last week.
“I think we’re in a bit of unknown territory, but the manufacturer response has been very positive, so that’s encouraging,” he said.
DATED: 12.06.08
FEED: MT
The credit crunch may not provide the ideal economic climate for a show of luxury cars, but Graeme Carver, managing director of the London Motorexpo, is confident the event’s affluent customer base at Canary Wharf will remain acquisitive.
“I think it would be fair to assume the credit crunch may make things tougher, but there are a lot of people here who have a lot of money,” he said.
“The average salary at Canary Wharf is over £100,000 per year – so there’s a certain amount of disposable income to play with when it comes to purchasing cars.”
While Carver said the show last year attracted 350,000 visitors, he did not have a prediction for this year’s exhibition which was held last week.
“I think we’re in a bit of unknown territory, but the manufacturer response has been very positive, so that’s encouraging,” he said.
DATED: 12.06.08
FEED: MT
