Driving Seat: Speculate to accumulate, but beware.
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.
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|Publication:||Daily Post (Liverpool, England)|
|Date:||Aug 6, 2004|
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