Cryptic crossword clue
… transport that’s highly regarded by guy motoring organisation retired 5,3

The most common and most likely answer to this crossword clue is the 5 plus 3 letter word CABLE CAR

I've seen this crossword clue in Independent
C
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Buddy explains!

The straight part
We know that "transport" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case transport = cable car.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does CABLE CAR mean?

CABLE CAR noun
  1. A streetcar moved by gripping to rotating loop of cable running along the track.
  2. A hanging carriage or car for transporting people or cargo

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