British Car Auctions (BCA) has released new data showing that 4x4 values rose sharply in October, climbing by 16% as the first signs of winter appeared.
With long range forecasters suggesting the UK is in for a colder than average winter, 4x4 prices may continue to rise.
Average 4x4 values across the board rose to more than £13,000 last month, a rise of £1,838 compared to September and well ahead of values recorded throughout the spring and summer months.
Tim Naylor, editor of BCA’s Pulse Report, 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.”
Naylor added: “When it comes to choosing a 4x4, buyers expect a good specification, as this will help the vehicle retain its value in the years ahead.
“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.
“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.”