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What’s hot and what’s not…Back

bmwx5At Trusted Dealers we like to keep on top of the latest trends in the motoring world which is why we’re back to report on what’s hot and what’s currently not when it comes to all things car-related.

Despite the hot summer we’ve been enjoying, sales in the 4×4 sector have continued to thrive, causing the values of four-wheel drive cars to rise. So, if you currently own a 4×4 then you might be in luck when it comes to resale as your vehicle should retain its value well.

Values of larger 4×4 cars have gained particular strength in the past few weeks, so if you’re looking to sell your current off-roader, now might be the right time to do it.

The 2007 model BMW X5 is the most popular off-road vehicle to enjoy an increase in value over the last month, so now is a good time to sell in anticipation of the new X5 model which is set to be released into the market at the end of this year.

Finance deals are continuing to grow in popularity and are still seen by the prestige manufacturers as the best way to tempt buyers into purchasing new cars. At the moment, the average finance rate remains at around 5 per cent in this sector but we are predicting that whilst BMW, Mercedes-Benz and Audi are monopolising the market share, it won’t be long before we see the first 0 per cent finance deal from one of these three top car-makers.

Some less popular trends in the market include a drop in value of the old Range Rover Sport model. Since Land Rover has recently introduced its brand new Range Rover Sport, the older versions have lost some of their appeal with customers and values have dropped quite significantly, but still remain strong for a used car.

Similarly, the Audi A3 has also suffered at the hands of its predecessor, the brand new model A3, and demand for the older model is now lower with returns from the rental market contributing to its current drop in value.

 

Posted by Leana Kell on 26/08/2013