Therefore, over the coming weeks, the average value of 4×4 vehicles is likely to rise as temperatures drop.
As the UK heads into the winter season, the demand for 4×4 vehicles such as the popular Land Rover Discovery or BMW X5 is already beginning to increase.
According to recent data, 4×4 values are already on the move, with October recording a 7.3 per cent increase over September.
The data reveals that the average value of 4x4s at BCA auctions in October sat at £13,864 – recording an increase of £948. This also shows that sales values are £841 ahead of October last year.
With values last winter reaching nearly £15,000, BCA says anyone planning to purchase a 4×4 this winter should be aware that prices may well rise further if the severe weather reports prove accurate.
‘The onset of bad weather usually marks an increase in demand for four wheel drive vehicles and that generally pushes up average prices,’ said editor of the BCA Used Car Market Report, Tim Naylor. ‘And, despite the fact that temperatures were unseasonably warm in October we’ve already seen prices creeping up as demand increases.’
According to BCA, dealers should be stocking 4x4s with the best possible specification. ‘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,’ Naylor said.