Used four wheel drives return to popularity

Latest BCA Report shows used prices of gas guzzlers are back in favour – has the weather had anything to do with it?

As the snow continues to fall in some parts of the UK, leading vehicle auction specialist, BCA (British Car Auctions) has released a report showing that gas-guzzling 4x4s are back in favour with buyers. Average sales prices for four wheel drives have improved for six months in a row and despite the downturn in the new 4x4 market, used 4x4 values are now at the same level they were a year ago.

“With increased fuel prices and the threat of government taxes to deter motorists from choosing bigger vehicles, there was a real expectation that there would be a significant downturn in sales and values for four wheel drives”, confirmed Tim Naylor, PR Manager, BCA.

“And initially that view was well-founded as average values fell by over £2,000 in a matter of weeks, with many dealers only buying these vehicles to order and even refusing to take them in part-exchange. But as fuel prices began to drop, many motorists realised what exceptional value for money these vehicles had become and there was increased demand and a steady up-swing in prices.

“The prospects are looking positive for these vehicles early in 2009 too! In January, the average value for a four year old vehicle at 50,000 miles was £8,566, showing a small increase over December’s figure and just behind the peak values recorded last year. And if the snowy weather of the past few days has taught us anything, it’s that it’s hard to beat the pulling power or sure-footedness of a proper off-roader when the going gets tough. With that in mind it will be interesting to see if values improve yet again in February.”