cap reveals the best buys among the prestige machines
The latest figures from cap reveal that the supercar market could offer a sound return on investment if buyers choose the right make and model.
Overall, supercar and some sports car used values have remained level in a depreciating marketplace, but some vehicles are enjoying strong appreciation.
Philip Nothard, cap consumer and retail editor, explains, “A savvy buyer would have earnt £18,500 buying a Mercedes Benz SLS in 2014 and selling it a year later with 10,000 miles on the clock.
“For buyers looking for a comparable investment today, they should consider the 65 plate Ferrari 488 GTB Coupe, which cost £182,809 from new but in just six months amassing 5,000 miles it would retail at £215,500 – this is an increase of 17.8% or the Mercedes-Benz AMG GT Coupe, which has increased by almost £5,000 in six months from £100,055 to £104,750.
“The supercar market is very niche, with a limited number of models available to choose. However, with some proper research, buyers can benefit from the buoyant market. It’s all about finding the right car, and those that are most sought after, bring the greatest returns. Another excellent example is a six month old Porsche Cayman Coupe 3.8 GT4 with a mileage of 5,000, which has appreciated by 38.4% from £64,451 to £89,250 proving that investing in these cars can be a lucrative option.”
Philip Nothard concludes, “The key elements of a good supercar buy are model, mileage and plates. For this reason, beware of clocked vehicles, as a lower mileage will get a better price, so dodgy sellers may be tempted to drop the mileage and duping buyers into paying over the odds.”
Notes to editors:
HPI and cap are two of the most recognised brands in the motor industry. cap is recognised as a leading provider of data and insight to the automotive industry. Its award-winning used car pricing and technical information has been trusted for more than 30 years.
Established in 1938, HPI is a primary source of vehicle information for the UK motor industry and motoring consumer. HPI encompasses both the HPI database of all UK road registered vehicle descriptions and histories, and the National Mileage Register (NMR) which holds in excess of 200 million mileage readings.
The two brands create the only UK-based business with decision support data and software solutions spanning vehicle valuation, validation, collision and mechanical repair and total cost of ownership.
Both cap and HPI operate as part of the Solera Group of Companies. Solera is a leading provider of risk and asset management software and services to the automotive and property marketplace, including the global P&C insurance industry. Solera is active in over 75 countries across six continents.
For more information contact:
Charlotte Hart, Madeleine Roles, Ally Redding or Justine Hoadley on 0208 977 9132
Nathan Lane on 07447 921654 or 0113 3571250
This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Motoring, Personal Finance, for more information visit https://pressreleasewire.responsesource.com/about.