A $9 billion, 15-car luxury fleet of high-end luxury cars will be sold in 2019 for a $10.9 billion price tag, the first time in history a super luxury luxury vehicle has been sold at such a low price.
The new fleet of more than 300 super luxury cars and four SUVs is being sold at a rate of about 1,000 cars a day, said Andrew Miller, an Ace Speed customer service representative, adding that prices vary.
He did not have the precise sales price.
“We’re seeing a lot of demand,” Miller said.
Ace Speed, which is owned by United Automobile Workers Local 1009, was launched in 2010 by a group of investors including billionaire Michael Milken and a group led by former California governor and former Republican presidential candidate Arnold Schwarzenegger.
The $9bn, 14,500-vehicle fleet is expected to sell for about $10 billion.
AceSpeed, based in Palo Alto, California, operates in more than a dozen cities, including New York City, London, Tokyo and Beijing.
The new super luxury fleet will include a new sports sedan and an SUV called the Ace Speed X, which can go from zero to 60 in just 6.2 seconds.
AceSpeed said the AceSpeed X was built in Germany and is available for sale to the public, but not necessarily the public at a high price.
The car, which will go on sale in 2021, is expected be the fastest and most luxurious sports sedan in the world.
The car is also equipped with a $50 million “Cadillac” engine that produces 6,400 horsepower, according to a video posted by the car’s website.
The company said that if the Acespeed X were to be sold to a dealership, the price would be about $40 million, but that is subject to market conditions.
The first super luxury car to be produced by AceSpeed was the Ace Sports Club and the Ace Sport, which sold for $1.5 million in 2015.
In 2018, AceSpeed bought the Ferrari-based super luxury brand Vauxhall for $6.4 billion.
It later sold it to British luxury carmaker Aston Martin.