With the UK experiencing its first icy weather of the winter, BCA is anticipating a rise in demand for 4x4 vehicles.
Stuart Pearson, managing director at BCA UK Remarketing explained there has been steady interest in 4x4s throughout the year, but the sudden drop in temperatures, with icy and even snowy conditions forecast across the country, means that interest in these vehicles will increase sharply with values moving upwards in line with demand.
Values rose sharply in October by £449 (2.9%) to reach £14,883 and rose again in November to reach £14,915, the highest point so far this year.
“We have enjoyed a relatively mild autumn across much of the UK, but the arrival of some harsher winter weather will typically prompt a spike in values for 4x4s”, continued Pearson.
“Every year we see a clear correlation between falling temperatures and rising prices for 4x4 vehicle. Buyers in more rural areas often find 4-wheel drive essential when the weather turns for the worse however there continues to be a huge market for drivers that simply enjoy the practicality and the safety that these vehicles bring.”
“If buying a 4x4, always go for the best specification you can afford, as this will help the vehicle retain value in the future. The wheel type and size are important, along with leather interior and a desirable metallic colour. ‘Rugged’ accessories such as mounted spotlights or running boards on more utilitarian models can drive prices up and items such as panoramic roofs, rear entertainment systems and seven seat variants can ensure that the vehicle reaches a wider market on resale.”
Pearson concluded: “It’s also preferable to look for vehicles with comprehensive service history because this will demonstrate how the vehicle has been maintained and will provide extra peace of mind going forward.”