Take a Toyota iQ, add a hand-finished Aston Martin interior and charge more than 3 times the price. The Aston Martin Cygnet flopped.
Now collectors want it. Here's how the most controversial city car became a mistake people actually want to own.
What you'll learn:
\- Why EU fleet CO2 rules pushed a brand with nothing smaller than a V8 to build a tiny city car
\- How Toyota iQs were shipped to Aston's Gaydon factory and rebuilt with leather, Alcantara and new paint, about 150 hours per car
\- Why the £30,995 price and slow sales made the Cygnet a commercial disaster
\- The one-off 2018 V8 Cygnet with a 430 horsepower Vantage S engine
\- Why rarity plus notoriety turns failed cars into collector cars, like the DeLorean and the Edsel
\- Business lessons about brand integrity, pricing and knowing your customer
Chapters:
0:00 The Aston Martin nobody wanted
0:36 The emissions problem
1:32 The Toyota iQ connection
2:22 The $40,000 makeover
3:14 The sales disaster
4:03 The collector's paradox
4:52 The V8 Cygnet
5:41 Where the rest went
7:09 What owners say
7:52 What if it had succeeded?
8:30 The verdict
Books and resources from Peter Waitzman:
Amazing Money Stories (true tales of greed, generosity, success and luck): https://geni.us/R7ef
Fast Debt Payoff Guide: https://geni.us/HeWdQi1
Rethink How You See Money: https://geni.us/YljOz9
Money Is Factscinating: https://geni.us/LckBTAX
Woodland Cents, gift books that teach kids money, ages 3 to 7: https://geni.us/0jq3
Employers and organizations: ask about evaluation copies and the Expedition Money financial wellness program: https://www.expedition.money
Contact us: https://www.expedition.money/contact-us
Watch the video version: https://youtu.be/4DR24ZD07yY
Educational and entertainment purposes only. This is not individualized financial, investment, legal, or tax advice. Talk with a qualified professional before making financial decisions.
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#AstonMartin #Cygnet #CarHistory #CollectorCars #BusinessLessons
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