There Is Now A Vending Machine For Luxury Cars

Tyler Durden's picture

Singapore has injected nitrous into its reputation as a playground for the superrich after a local used-car dealer launched a "vending machine" with 60 luxury cars, including Bentleys, Ferraris and Lamborghinis, on offer. Used car seller Autobahn Motors opened a 15-story showroom in December in a futuristic looking building, dubbing it the "world's largest luxury car vending machine," according to Reuters, which interviewed Gary Hong, the company's general manager.

A view of the Autobahn building, located at 11 Jalan Bukit Merah, from August 2016, can be found on Google Maps. While the view predates the showrooms official opening, much of the inventory can be seen from the street.

Potential customers use a touchscreen to pick the car they wish to see; the selected car then arrives within minutes.

Speaking to Reuters, the general manager at Authobahh, Gary Hong, said the vending machine format was aimed at "making efficient use of space in land-scarce Singapore as well as standing out from the competition. We needed to meet our requirement of storing a lot of cars. At the same time, we wanted to be creative and innovative."

Better yet, Gary's idea appears to be a hit: since its launch, Autobahn has been approached by developers who'd like to use the concept for parking services in the densely populated city-state, Hong told Reuters. 

That said, the concept isn't unique to Singapore: in March, the U.S.-based firm Carvana opened a similar structure in San Antonio that can hold up to 30 cars.

So with the supply "issue" taken care of, what about demand? Here things are a little shakier.

Singapore's economy has been on a roller-coaster in recent months, crashing in the third quarter before surging over 9% in Q4 -the fastest pace of growth since 2012 - before it again contracted by 1.9% in Q1.  Economists polled by the Singapore Monetary Authority, the city-state's central bank, in March raised their forecasts for 2017 GDP to grow 2.3% in 2017, up from the 1.5% estimated in the previous survey published in December. But the rising optimism has yet to be reflected in the SMA's policy outlook; in April, the central bank left its guidance unchanged, saying a "neutral" stance will be needed for an extended period of time.

Meanwhile, the real driver behind the economy emerged on Monday, when private-home sales more than doubled in April from the same period a year earlier. In short, the local asset bubble - a function of the much bigger bubble over in China - is back. The good news, at least for Gary, is that he will likely have quite a few clients to satisfy for the foreseeable future.

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Duane Norman's picture

Meanwhile, our top bureaucrats fly via Gulfstream V's on the taxpayer dime...

http://fmshooter.com/congress-not-stopped-top-bureaucrats-exploiting-gov...

remain calm's picture

They should do this for hookers too

Multi's picture

A car vending machine: "making efficient use of space... as well as standing out from the competition... to meet our requirement of storing a lot of cars. At the same time,... be creative and innovative."

How come this wasn't planned by some Central Bureau? Amazing what FREE markets and COMPETITION can do for society.

securitized-debt's picture

she was a waitress in a cocktail bar now she owns a jet... http://bit.ly/2jdTzrM

NoDebt's picture

Tried it.  Total rip off.  Selected the red Ferrari 456, but it got stuck.  Hanging by a thread from the spiral coil that pushes it into the vending chute.  Fucking half a mill down the shitter and I'm still hungry.  

 

This is it's picture

In Singapore where u pay the price of 3 cars for 1, it costs over 1mil. Bitchez. 

erg's picture

Did you try rocking the building back and forth?

r3phl0x's picture

Just wait a day or two, a NK missile will knock it loose.

Juggernaut x2's picture

Since it's in Asia most of these cars will be wrecked within a week of purchase.

uhland62's picture

"In land scarce Singapore" you take it up the elevator to your 10th floor apartment and demonsrate you have kept up with the Jones'. Driving around? Where to?  

ali-ali-al-qomfri's picture

just stuck my arm up the machine and a Bentley came down, bit scratched, but free>

Sans-culottes's picture

Peak bubble in wasteful BS

83_vf_1100_c's picture

  If you buy your million dollar car from a machine you miss out on a blowjob from the 20 something hot salesgirl.

Golden Showers's picture

If I had a million dollars, I'd skip the car and do 2 chicks at the same time. You can watch but have to pay $100 bucks.

Dragon HAwk's picture

I'm not shopping there unless the Building Spins...

no way am I'm  walking around the block to pick out a Set of Wheels.

VWAndy's picture

 The stupid is very well funded folks. Do you realize what could be built with the amounts of fiats involved in this.

Zepper's picture

NOTHING says TRASH RICH like wanting to go to a fucking vending machine FOR ANYTHING!

The Power Vertical's picture

mean reversion will be a bitch ;)

 

Ubernostrum's picture

So all I have to do is drive or maybe bike over to this machine, get in line, pay a hassle-free no negotiation price for whatever it is I want, then sit on my ass for 20 minutes while it is delivered to me??? 

Fuck you rich people I don't have that kind of time.

Hongcha's picture

Sillypore = overrated.  Tedious little antiseptic theme park neighborhoods, stupid sculptures everywhere, finger-wagging nanny fascist mayor and the truncheons never far behind.  And the food is not that good.  HKG is overrated for food as well, big time.  Try Taipei - we didn't have a meal less than **** out of ***** in four days.

bigkahuna's picture

lol - I aint' mad at em'

We get our shit from the same lot - now they can get their shit from the same (highrise) lot.

Texican's picture

Carvana's USED car vending machine in Houston boasts a 100 day warranty on all purchases!?

https://www.youtube.com/watch?v=8qeA27OqMu4

Fake Trump's picture

How about used wives vending machines.

eltxamo's picture

do they give out car loans? or you have to pay in cash. they should accept bitcoin, the average Joes credit card have transaction limits...