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4×4 values reach record levels

By / 7 years ago / Latest News / No Comments

BCA communications director Tony Gannon commented: ‘Nothing makes four-wheel drive more attractive than a dusting of snow around the UK and the severe weather we have had in recent weeks will have convinced many drivers that they now need a 4×4.’

Prices had been rising throughout the winter months, with records previously set in October (£12,186) and December (£12,271). Values have nearly doubled over the past 18 months.

Mr Gannon added: ‘The turnaround in the 4×4 market has been exceptional. Of all the car sectors affected by the economic downturn, few fell harder or faster than the 4×4/Sports Utility sector and few have recovered as well in the intervening months.

‘Values reached a low point in July 2008 when several months of high fuel costs, combined with the stuttering economy and uncertainty over proposed Vehicle Excise Duty and the so-called Showroom Tax saw values fall by over £2,000 to £6,723.

‘But as prices recovered in 2009, 4×4 values were among the first to bounce back. They were still exceptional value for money, of course, which undoubtedly attracted a lot of motorists. However, the heavy snowfalls of January 2010 seem instrumental in pushing values on to new record levels.’

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