Used car valuation firm CAP has calculated
Range Rovers enhanced by renovation specialist Overfinch maintain a
residual value around 23% above Black Book indicators for the
brand.
CAP conducted a 12-month survey of the work
done by Overfinch, which tailors Range Rover and Range Rover Sport
styling and systems, and concluded “the uplift for the Overfinch
package is 23% on top of our Black Book used values,” according to
Black Book editor Tim Bearder.
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The findings were consistent throughout the
year and Bearder added “when tracking vehicles fitted with
Overfinch packages, it was found that annual depreciation of the
enhancement, over and above the base car, was comparable to the car
itself.”
The higher residuals shown in cars treated by
Overfinch follow recent opinion that high-end vehicles and tailored
specification are proving ‘recession proof’, and the sub-sector
remains immune to the downturn,
according to remarketing figures from British Car Auctions.
richard.brown@vrlfinancialnews.com
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