Thursday, October 13, 2011
4x4 prices on the rise as UK braces for winter
Values on used 4x4s are already starting to rise in reaction to reports that the UK will face another harsh winter.
According to BCA September saw the value of four wheel drives begin to climb sharply, with prices now getting close to those seen in January and February this year.
The average value for all 4x4s sold by BCA in September rose to £12,805 from £12,509 in August and £10,381 in July.
September recorded the second highest average 4x4 value so far this year and there is every indication that values will rise further in the colder months ahead.
Tim Naylor from BCA believes anyone in the market for a 4x4 would be wise to buy now, especially as last year’s early snowfall caught out many people.
He said: “For many motorists – particularly those living in rural or remote areas – a 4x4 is becoming a necessity in winter, rather than a luxury.
“Although we had an unusually warm September, prices have already started rising and the first hint of snow and severe winter conditions could see significant demand for all-weather vehicles which will send values sky high.”
Naylor suggested that buyers should look for a high specification vehicle to ensure it retains its value.
Naylor said: “Alloys, leather interior, air-con and sat-nav all add value. Buyers also like ‘rugged’ accessories, such as mounted spotlights and a roof bar, and these accessories can drive prices up too.
“Performance and torque could also be important for future buyers and diesels are generally more popular although petrol does well as long as the mileage isn’t too high.
“But absolutely essential is ensuring the vehicle has a comprehensive up to date service history” concluded Tim Naylor. “It may have been no further off-road than up a suburban kerb, but it could be prudent to walk away if it doesn’t have a full service history.”
DATED: 13.10.11
FEED: AM
