10:08 am, June 2, 2014
SUPERCAR values have outperformed all other used vehicles in the last 12 months, according to pricing experts CAP – but prices are still down.
Wealthy buyers happy to splash the cash on a new Lamborghini or Ferrari are keeping the values of exclusive models higher than standard stock.
Overall used car values have fallen 9.2 per cent, says CAP, however the supercar sector is fairing far better, down 2.2 per cent.
Former Ferrari dealer and 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.
‘This part of the market is not subject to the same economic factors as ordinary family transport and so we would not expect secondhand values for these exotic vehicles to perform in the same way either.’
The more popular sports car sector has also outperformed the market as a whole, with an average value dip of 6.3 per cent.
