Record pump prices not affecting luxury car market

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editorial image

According to Glass's, the recent sustained surge in UK petrol prices is not having a detrimental effect on the market for used luxury cars, large prestige SUVs and supercars - the segments with some of the thirstiest vehicles available.

Current pump prices are at record highs.

British motorists paid a then-record 120 pence per litre for unleaded petrol in July 2008, and the price is now exceeding this figure.

However, unlike in 2008, this time around there has not been any notable repercussions for the upper echelons of the used car market.