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Used car opinions changing
Date: 15 February 2011
The changing model mix of the used-car market will lead to a knock-on shift in perceptions from used buyers and therefore an eventual change in which cars are considered most valuable, according to Cap operations manager Mark Norman.
"With the rise in new registration volumes of executive models, at some point buyers will no longer see them as exclusive, although it is still some way off," said Norman.
"Automatic transmissions have also gone through a transition from just large cars to more accepted in the market."
He said the market share of auto gearboxes has gone from 12% to 20% over the past seven years, and will keep on rising.
Norman also said the market needs to change its mindset of bench-marking petrol engines as the norm and diesel above that. "People say diesel is making a premium, but in fact it is petrol that's underneath the benchmark."
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