AM Online

Used 4x4 values react to winter season trend

Used 4x4 values are moving up with October showing a 7.3% increase over September, according to BCA, as demand is expected to rise into winter.

“The onset of bad weather usually marks an increase in demand for four wheel drive vehicles and that generally pushes up average prices”, said Tim Naylor, editor of the BCA Used Car Market Report.

"And, despite the fact that temperatures were unseasonably warm in October we’ve already seen prices creeping up as demand increases."

The average value of 4x4s at BCA in October was £13,864 - an increase of £948 when compared to September and £841 ahead of October 2012.  With values last winter peaking at nearly £15,000 anyone planning to purchase a 4x4 this winter should be aware that prices may well rise further if weather reports prove accurate.

"The correlation between falling temperatures and rising prices for 4x4 vehicles is well charted", added Naylor. "For many motorists, particularly those living in rural areas, a 4x4 is becoming a necessity in winter. Buying now, before the arrival of snow and harsh winter conditions, could be a prudent move.

"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. 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.

"It is also important to ensure the vehicle has a comprehensive service history” added Naylor. "It may have been no further off-road than up a suburban kerb, but a full service history from the supplying dealer gives that extra peace of mind."



If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.