New data from BCA (British Car Auctions) shows the higher taxes for more polluting vehicles in the last Budget have had little effect on prices. Data analysed to the half-year point for 2007 shows that values are ahead of last year and confirm that worries about a price meltdown are unfounded.

Tony Gannon, BCA’s Communications Director commented “While a rise to £300 for the annual Road Fund License for the most polluting vehicles sounds substantial, it is a minor factor in the overall value of most premium 4×4 models. Price movements seen in the sector are very much in line with prevailing market conditions, and in reality average values are ahead, year on year.”

Gannon added “Some buyers are also confused whether or not the new tax will apply to their 4×4. This will depend if their vehicle falls into Band G for the highest emissions and only applies if their vehicle was registered as new after 23 March 2006.”

Posted: 07|17|07 at 8:01 am. Filed under: Auction News.