Surge in used 4x4 sales

Figures from a UK vehicle auctioneers suggests that gas-guzzling 4x4s are back in favour with buyers.

The latest BCA Report shows that the average sales prices for four wheel drives have improved for six months in a row.

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."

Source : http://www.newcarnet.co.uk (2/12/2009)