As Winter Approaches 4x4 Values Are On The Rise

YOU know winter is here when the forecast is for rising 4x4 prices in the used market. Just like in summer when you can guarantee convertible premiums will rise faster than an electric roof, the prospect of rain, wind and snow is said to be driving up the values of sought after SUVs.

According to data from British Car Auctions (BCA) the trend is already well advanced, with values in October showing a 7.3 per cent increase over September.

Furthermore, 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.

Commenting on the winter trend, Tim Naylor, Editor of the BCA Used Car Market Report, said: “The correlation between falling temperatures and rising prices for 4x4 vehicles is well charted. 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.”

Naylor went on to add: “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. 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.”

By By Press Association reporters