Printer Friendly

Driving Seat: Speculate to accumulate, but beware.

THE UK's automotive speculator market is thriving, and now covers a wider range of vehicle sectors than ever before, according to vehicle value experts Glass's.

The most expensive vehicles still attract the attention of those wanting to make a quick profit, but Glass's reports that even volume-brand, lower-priced niche models such as the Peugeot 206 CC can change hands for a premium immediately after their launch.

Glass's says that profit of up to 15 per cent is often achievable for the right cars at the right time.

Richard Crosthwaite, Prestige Car Editor at Glass's, says: ``Although it may appear easy to predict which vehicles will command premiums, knowledge of the supply issues for each new vehicle and a keen awareness of the marketplace are essential. It is also vital to be at the front of the speculating queue. Join the queue too late and the speculator will often see a potential profit evaporate. ''

Over recent years, the most reliable profits for speculators have been found in the prestige 4x4 sector.

Glass's says new Volvo XC90s and BMW X5 diesels have waiting lists of around six months and can be sold immediately after delivery for premiums of around pounds 1, 000-pounds 1, 500.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Features
Publication:Daily Post (Liverpool, England)
Date:Aug 6, 2004
Previous Article:Driving Seat: Back off, warns safety group.
Next Article:Motoring: Concept becomes reality.

Related Articles
Mega Mirror: Virus watch.
Galileo finds spires on Callisto.
SPORTS LETTER: Ansell's wrong man for O'Leary.
Your view: Money matters.
You say: Drivers' warning.
Letter: Your Shout - Blues must strip out dead wood.
IRISH DAILY Mirror COMMENT: We get what we paid for with Stan.
A lotto interest in pounds 88m jackpot.
VROOM WITH A PHEW; 'Big boys' gadget gala to fill RDS.. and a third will be girls.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters