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Bloomberg is reporting that the sale of high-end and exotic cars in countries like the United Arab Emirates may swell by as much as 20 percent this year. The reason? Civilized countries just can't seem to kick their thirst for gasoline, and as a result, the price of a barrel of crude oil continues to hover at around $100 per barrel. All that cash is flowing straight into the bank accounts of aristocrats like Sheikh Hamad, who happens to own over 200 vehicles housed in a pyramid-shaped garage. Among his collection are a 16-foot-tall Dodge Power Wagon and what Bloomberg calls a "see-through disco car."

The exotic car take rate in the Gulf states is more than double the industry average, thanks in part to the fact that buyers in those areas are more comfortable with displays of wealth than their American or European counterparts. Fiat, for example, says that thanks to demand in the U.A.E., the company may run low on Maserati models. Buyers in the country face a three-month waiting list for the Porsche Cayenne while fetching a 911 takes somewhere in the neighborhood of seven months.


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    • 1 Second Ago
  • 33 Comments
      West
      • 3 Years Ago
      "Civilized countries can't seem to kick their thirst?" What makes a country civilized?
      Marwan Raoof
      • 3 Years Ago
      I find it offensive that the author Zach Bowman said: " Civilized countries just can't seem to kick their thirst for gasoline" Autoblog, I read you everyday. Please try to be careful about what you write. Civilized is not developed. So who is civilized? America was relatively a recent civilization. In comparison, the middle east has been THE cradle of civilization. I don't want to get political, its not my intention. I just want car news, without the extra spice ;)
      OptimusPrimeRib
      • 3 Years Ago
      I didn't know Alaska, Texas, Venezuela, and Mexico are owned by sheiks.
        Acefighter
        • 3 Years Ago
        @OptimusPrimeRib
        Are those places where the majority of oil comes from? No? Ok then.
      • 3 Years Ago
      [blocked]
        Redline
        • 3 Years Ago
        Why can you a-holes never politics out of Autoblog?
        stecki3d
        • 3 Years Ago
        Damned that evil TV, corrupting the stupid right wing so easily! Good thing the left wing is so smart, it isnt fooled by that evil TV...
      Jim R
      • 3 Years Ago
      You know we have lots of oil in North America...too bad certain groups would rather us not touch it so we can suck the teat of these third-world Sharia dictatorships...
        Stacey
        • 3 Years Ago
        @Jim R
        "lots" being a relative term. And its not that certain groups would rather us not touch it, as much as certain groups don't trust the private companies to extract it without making the whole surrounding area look like the oil fields of Texas. Of course, there are other means of propulsion besides oil, but certain groups won't let companies develop better technology...
        emperor koku
        • 3 Years Ago
        @Jim R
        That's just a baldfaced lie. Unless you're counting oil shale, in which case, you're an idiot. We don't have a decent method of production for that yet. http://en.wikipedia.org/wiki/Oil_reserves#Estimated_reserves_by_country 8 years of oil left at CURRENT consumption rates.
          Rapid Monkey93
          • 3 Years Ago
          @emperor koku
          8 left in the US. 188 left in Canada. Transportation would be considerably less given the closer distance and possible use of trains and tankers.
      • 3 Years Ago
      [blocked]
      RaceGeek
      • 3 Years Ago
      I have an idea, why don't european and American high end car manufacturers put a hardcore tariff on middle eastern oil producing countries. These douchebags will still buy em, and the money will go back into our economies, auto technology development, and making fancy toys cheaper for us people who actually work!! It's not a hard concept kids
        Synthono
        • 3 Years Ago
        @RaceGeek
        Because that would be angering the market that buys a lot of their cars. Some analysts have said that Rolls Royce, Lamborghini, Ferrari, Bertone and Pinninfarina all had tough times in the mid-90s because the Sultan of Brunai stopped buying insane numbers of cars. He bought so much - including some elaborate custom specials, which is why I mention the coachbuilders - that he personally kept the companies in the black. It's a bad idea to annoy your biggest customers, like them or not.
        Jonathan Arena
        • 3 Years Ago
        @RaceGeek
        Think of it this way: The car companies that sell cars to them make a profit, which they pay tax on. It's allready built into the system.
        xcatchmyshadowx
        • 3 Years Ago
        @RaceGeek
        signing in!
      Arabi fakhour
      • 3 Years Ago
      Race geek ; Decency and good taste allow us all to make comments without having to call 300 million Arabs " those douchebags". And then run to mom crying " why do they hate us, why do they hate us? "
      cgoldone
      • 3 Years Ago
      It called speculation not thirst for oil. That is response riches are so high.
        Jonathan Arena
        • 3 Years Ago
        @cgoldone
        Good point, but theoretically, the speculation should be based on the demand, or "thirst"
      Jac Zobel de Ayala
      • 3 Years Ago
      I'm normally for high oil prices (most people shouldn't be able to nor allowed to drive) but these rich folks make me want to change my mind. If I were that wealthy I'd buy cars and trash them and abuse them. Not let them rot in underground basements like they do in Brunei.
      • 3 Years Ago
      [blocked]
      postpast
      • 3 Years Ago
      Makes sence; they have made their fourtunes because of peoples love for things that consume oil(mainly Cars) might as while embrace their love for them
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