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4×4 values on the increaseBack

The value of 4×4 cars is set to increase in the coming weeks according to new data from British Car Auctions who suggest that the increased demand is down to this year’s forecast for a colder winter.

British Car Auctions (BCA), a vehicle auction company has released new data which shows that 4×4 car values have already risen sharply in October, with a recorded increase of 16 per cent as soon as the first signs of winter appeared.

With long range forecasters predicting that Britain is set for a colder than average winter, it is expected that 4×4 car values will continue to rise.

Last month, the average 4×4 car rose to over £13,000 which was a rise of £1,838 in comparison to September and much further ahead than the sales recorded during the summer months.

Tim Naylor from BCA has suggested drivers who are thinking about purchasing a 4×4 car this winter should think about buying one now as prices may continue to rise further, particularly if the severe conditions which are predicted by the Met Office take hold.

Naylor said: “There is a well charted trend between falling temperatures and rising values for 4x4s and we would expect to see that continue in the next few months. And the first hint of snow across the wider UK could create significant demand for 4x4s which will send values even higher.

“When it comes to choosing a 4×4, buyers should go for the best specification they can afford, as this will help the vehicle retain its value in the years ahead”, Naylor added. 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.”

“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 a full service history from the supplying dealer gives that extra peace of mind.”

If you are looking for a new or used car, Trusted Dealers has a large selection on its website to include some of the best 4×4 cars available. Choosing brands such as a Volkswagen, BMW and Land Rover will ensure your 4×4 car retains its value well.

If you are looking for something cheaper, 4×4 cars which offer good fuel economy and CO2 emissions such as the latest Honda CR-V, or those which offer a good warrantee such as the Kia Sportage, are good options.

 

Posted by Leana Kell on 23/11/2012