British Car Auctions (BCA), has released new data showing that 4x4 values rose sharply in October, climbing by 16% as the first signs of winter appeared.
Long range forecasters are predicting a colder than average winter and while this must be taken with a pinch of salt, BCA is expecting prices to continue rising.
Average 4x4 values rose to over £13,000 last month, a rise of £1,838 compared to September and well ahead of values recorded throughout the spring and summer months.
Tim Naylor, BCA head of PR, suggests now would be a good time to buy for anyone in the market for a 4x4, as prices may well rise further if the more severe conditions indicated by the Met Office take hold.
Naylor said: "There is a well charted trend between falling temperatures and rising values for 4x4s and we would expect to see that continue in the next few months.
"When it comes to choosing a 4x4, buyers should go for the best specification they can afford, as this will help the vehicle retain its value in the years ahead”, Naylor added. Alloys, leather interior, air-con and sat-nav are all desirable, while more ‘rugged’ accessories such as mounted spotlights, running boards and winches can drive prices up too."