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Tue 07 August 2007 View all news
The demand for second-hand 4x4s is slowing down and rates of depreciation have been the heaviest of any sector in the past two years according to research from CAP Black Book.
CAP says that dealers report that tougher market conditions for 4x4s are due to a growing image problem brought about by negative publicity as well as the result of increased fuel costs and taxation changes. The research shows that heavy off-roaders registered three years ago have lost an average 33% of their value over the last two years. The situation is even worse for smaller “lifestyle” SUVs, with average depreciation of 35% over the same period. The value of cars in other segments has fallen by between 20% and 28% over the same time scale. CAP sees much of the problem with 4x4 values being down to supply outstripping demand.
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