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Supercars Accelerate Ahead Of Family Motors In The Used Market

Tue, 03 Jun 2014

DREAM machines, like Ferraris and Lamborghinis, out-performed every other vehicle on Britain's roads when it came to secondhand values over the past 12 months. That’s the view of independent car information experts CAP Automotive.

According to the firm’s research, increasing demand from wealthier motorists kept average used values in the Supercar sector almost unchanged on a year ago - while every other sector fell by as much as ten per cent.

As most motorists increasingly tighten their belts on running costs, demand has soared for secondhand examples of dream cars like the Ferrari F430 Scuderia and the Lamborghini Aventador.

Benchmarking average used values against their position a year ago, CAP analysts have revealed that when comparing like-for-like cars, overall market values are down by 9.2%. But singling out the Supercar sector reveals average values down by only 2.2%.

CAP's figures are calculated at the industry benchmark three years and 60,000 miles.

When the impact of newer, more desirable, models - and the September and March plates - are taken into account the so-called ‘headline' market performance reveals that the Supercar sector rose in value by almost seven per cent.

Commenting on the research, CAP's Supercar specialist editor, Clive Wilson, said: "What we are seeing is just an extension of the economic trend that saw so many luxury goods and high value properties weather the storm of recession a few years ago.

"These cars, and their customers, seem to be largely immune from pressures which see so many of us now focusing ever more closely on the running costs of the cars we drive.”

By Press Association reporters