Second-hand off-roader values set to nosedive
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The value of second-hand 4x4s could collapse over the next two years as massive numbers of used vehicles swamp the market.
A leading fleet specialist says that sales of 4x4s have soared from around 43,000 five years ago to a predicted 81,000 this year.
Nigel Stead, the head of contract hire firm JCT600, warned: 'Sales are booming at the moment, but when these vehicles eventually flood on to the second-hand market, supply will far outstrip demand.
'The values are bound to nosedive then.'
His warning is echoed by the latest report from the Economist Intelligence Unit, which says that sales of off-roaders will peak at around 300,000 units in 1997 and then level off, leaving a glut of vehicles on the market.
(Photograph omitted)
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments