Investor sells Land Rover Defenders for huge profits
Charles Fawcett invested £5.4 million in 239 Land Rover Defenders in 2015, anticipating their value would rise. He negotiated a discount, paying about £22,600 per vehicle. Now, Fawcett reports sales of 210 Defenders, with prices reaching up to £220,000 for custom models. He estimates total revenue between £50 million and £60 million. Fawcett, founder of Twisted, a company that modifies Defenders, has kept some vehicles for his collection. He views the investment as one of his best financial decisions.