SUV Bad Value
Sport utility vehicles are proving a bad investment, according to a British car valuation agency.
Research by the agency, CAP, shows SUVs lose value much more quickly than average medium-sized cars – a three-year-old SUV has lost 33% of its value over the past two years, compared with 25% for average family cars. CAP says there could be many reasons, ranging from negative publicity, tax increases, and the fact that there are a lot more SUVs in circulation so they have lost their exclusivity value.
This news story is taken from the September 2007 edition of T&E Bulletin.