Wednesday, September 07, 2011
Demand pushes up prices for used 4x4s
Values of 4x4s are rising as a result of higher demand.
Manheim Remarketing’s latest market analysis for cars revealed that in August values of 4x4s rose 3.3 per cent or £369 to £11,424.
Values of 4x4 part exchange values rose 2.4 per cent or £113 to £4,804 over the period, it said.
Mike Pilkington, managing director, Manheim Remarketing said: “The demand for 4x4 stock has started to move early this year with memories of the harsh winter of 2010 still obviously set firm in the minds of consumers and dealers alike.
Earlier this month weather forecaster James Madden of Exacta Weather forecast snow as early as October.
“As we head towards winter, I expect to see the first signs of some moderate to heavy snowfalls as early as October or November in certain parts of the UK.
“In terms of the meteorological winter, I expect December, January, and February to experience below average temperatures, with the heaviest snowfalls occurring within the time frame of November to January across many parts of the UK."
Tyre supplier ATS Euromaster has ordered £600m-worth of cold-weather tyres for the forthcoming season – more then twice the value it ordered last year.
DATED: 07.09.11
FEED: MT
