… despite sales totals that were reduced by Covid:
It’s a combination of the profits from the Urus which shares a platform with other VW group products and buyers choosing more custom tailoring.
The upper 1% net worth grew a staggering 31%. They’re taking advantage of that.
So did a lot of other people. If your income was intact, and you had some money in the market, and there was nothing to spend your money on, net worth tended to grow. Of course if you lost your job from businesses being shut down, that was a big problem.