Why diecast cars are so expensive

Why diecast cars are so expensive

Why diecast cars are so expensive?

Lamborghini Aventador is the most expensive model car to be made in the world to date. This model car was made out of pure gold and you could buy 7 real Lamborghini Aventador for the price of this one diecast car. This car was presented to be sold at a whopping $7.5 million.

So what is it that diecast cars have and other toys don’t? Why do people act so crazy when it comes to model cars? And how in the hell can somebody willingly pay millions of dollars in real money to get a dummy car that is actually good for nothing.

In this article, we’ll try and understand why diecast cars are so expensive? What are some of the most expensive model cars ever made in the world? So, let’s get started.

Hand-Made

why diecast cars are so expensive
why diecast cars are so expensive

If you take a look at the most expensive things around the world then you would know that all those items have one thing in common. It is that they are all made out of human hands. You can take a look at the hand-crafted premium interior of a Rolls Royce or a Lamborghini both of them are miracles of a human hand.

If take a look at the line of premium accessories like Gucci, Prada, and Louis Viton bags they are all stitched from hand. With items manufactured from machines, it is easy, you put in the raw material and the product comes out. But with hand-made products it is different. Unlike machine-based products where you have to invest in machinery one time only, you have to pay wages to workers manufacturing a product every time they produce one.

It is no hidden fact that skilled labor rates are skyrocketing all over the world. There is always a shortage of high-skilled labor. So, they charge accordingly and this fact becomes the key reason why diecast cars are so expensive.

Attention To Detail

why diecast cars are so expensive
why diecast cars are so expensive

It is a common saying that the devil is in the details and when it comes to manufacturing you would truly find out that yes, the devil is in the details. The model cars are manufactured with great attention to detail. The processes used in manufacturing are those that can achieve high precision and accuracy.

Details matter a lot in the model car manufacturing business. Because details are the only thing which makes people go crazy about a car. All high-end model cars have one common trait that they are shockingly similar to the actual cars. You really cannot tell difference between a model car and a real-life car in picture.

From the manufacturing point of view, it is well-known fact that precision, accuracy, and premium quality mean increased cost. For example, if a manufacturing process is such that it produces 5% defective parts and 95% parts free from defects. Then to decrease the number of defective parts to 3% you might have to spend $1,000. But to further decrease this defect ratio by 2% i.e. to 1% in total your cost would not double. Instead, it would triple or quadruple.

Hence as you keep making a process precise its cost increases exponentially. This is the reason why attention to detail matters so much in increasing the overall cost of diecast cars.

Licensing Fees

why diecast cars are so expensive
why diecast cars are so expensive

You may think that whoever wishes to manufacture and distribute the models of luxury cars can do so. But that is not the case. Car brands and companies sell rights to diecast car makers all over the world. They charge a specific amount of licensing fees for these rights.

As with every other thing this licensing fee has risen considerably in recent times. All thanks to the devaluation of currency and inflation. So, this cost adds up to the consumer prices of model cars. When manufacturers have to pay high fees then automatically the prices of the model cars will go on the rise.

Material Costs

why diecast cars are so expensive
why diecast cars are so expensive

Rare earth metals and high-end synthetic materials are used in the manufacturing of premium quality model cars. These materials include gold, silver, titanium, and carbon fibers. Such materials carry huge price tags and are very hard to come by.

The processes performed on these materials are intricate and equally pricey. So when these materials are used in the manufacturing of diecast cars they become expensive as well.

Top 10 Most Expensive Diecast Car in the World

why diecast cars are so expensive

  1. Lamborghini Aventador Gold – $7.5 million
  2. Lamborghini Aventador – $6 million
  3. 24K Gold Bugatti Veyron – $2.9 million
  4. 40th-anniversary Diamond – Encrusted Hot Wheels – $140,000
  5. 1969 Pink rear-loading Volkswagen Beach Bomb – $125,000
  6. Tomica Z432 Datsun – $80,000
  7. Dinky Pre-war No.22D Delivery Van ‘W.E. Boyce’ – $26,000
  8. 1962 Ferrari 250 GTO – $18,000
  9. Beatnik Bandit Hot Wheels – $15,000
  10. Matchbox 1967 Magirus Deutz Crane (No. 30) – $13,000

 References:

https://thediecastmodel.com/autoart-why-is-it-expensive-and-valuable/

https://www.streetdirectory.com/travel_guide/33946/hobbies/why_collecting_diecast_cars_is_more_popular_than_ever.html

https://luxatic.com/the-top-10-most-expensive-diecast-cars-in-the-world/

https://m.facebook.com/nt/screen/?params=%7B%22note_id%22%3A10158649718107225%7D&path=%2Fnotes%2Fnote%2F&refsrc=deprecated&_rdr

https://ogrforum.ogaugerr.com/topic/are-expensive-diecast-cars-worth-their-price-from-a-layout-perspective

https://www.thesituation.com.au/amp/why-are-high-end-model-cars-so-expensive/

https://www.reddit.com/r/formula1/comments/2hkorl/why_are_diecast_scale_models_of_f1_cars_so/

https://www.diecastxchange.com/threads/why-are-model-cars-becoming-expensive.59187/

why diecast cars are so expensive

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