Wednesday, April 23, 2014
Residual boost for Overfinch Range Rovers
Demand for high specification Range Rover is increasing, according to vehicle conversion firm Overfinch.
It cited figures from CAP which showed that that the new Range Rover Overfinch conversion retains 30% more value than the standard car.
CAP assessed the added value of Overfinch’s external body styling, exhaust systems, wheels and interior features such as upgraded leather seat designs.
Their opinion is an update to CAP’s 2012 evaluation of Overfinch, on the now-replaced Range Rover and Range Rover Sport models.
CAP concluded at the time that Overfinch conversions commanded a 23% residual value uplift on the standard model ‘Black Book’ values.
Overfinch Chairman, Kevin Sloane, said: “Our strategic decision to further increase the luxury and exclusivity of Overfinch Range Rovers has been justified.
“A seven percentage point increase in the residual value of our vehicles to 30%, compared to the standard model, is testament to the increased desirability of an Overfinch Range Rover.
CAP Black Book Editor, Tim Bearder, said: “We have been tracking the used vehicle market for over two years in relation to Overfinch models.
“Converted vehicles with Overfinch enhancements are then compared against the residual value of the equivalent standard Land Rover model.
“In our opinion, the uplift for the all-new Overfinch Range Rover models (L405) is 30% on top of our Black Book used values for standard models.”
DATED: 23.04.2014
FEED: MT
