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UK Sales Of 4X4 SUVs Down 15% In November - Resale Value Dropping Fast - AFP

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-06-06 01:21 PM
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UK Sales Of 4X4 SUVs Down 15% In November - Resale Value Dropping Fast - AFP
Sales of gas guzzling four-wheel drive vehicles have dropped sharply in Britain amid looming tax increases aimed at fighting air pollution and curbing global warming, a report said Wednesday. The Times newspaper added that the second-hand value of four-wheel drive vehicles -- known as "Chelsea Tractors" for the hulking vehicle's prevalence in the affluent London borough -- is also dropping fast.

Sales of new 4x4 vehicles dropped by more than 15 percent in November compared with the same month in 2005, and have fallen in every month this year except March, it said, citing the Society of Motor Manufacturers and Traders. The society's figures, set to be released shortly, also show that sales in the year to date have declined six percent compared with growth of four percent last year, it said. By contrast, sales of small cars and people carriers have risen significantly.

In a decade of unbroken growth, the daily said, sales of four-wheel drive vehicles more than doubled from 78,000 in 1996 to 187,000 last year. Fueling the decline, according to motoring groups, is a growing public antipathy towards owners of gas guzzling cars that is being fanned by environmental groups alarmed about global warming.

Would-be buyers of large, fuel-hungry cars are also aware that the government and local authorities are beginning to impose extra taxes on such vehicles. In March, finance minister Gordon Brown introduced a new top rate of vehicle excise duty of 215 pounds (318 euros, 422 dollars) for the most polluting cars, including the BMW X5, Land Rover Discovery, Mitsubishi Shogun and Toyota Land Cruiser.

EDIT

http://www.terradaily.com/2006/061206102956.8hyb3re0.html
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deepthought42 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-06-06 02:59 PM
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1. Good to hear...
Now if we could just have that in the U.S. Does anyone know how SUV sales are here in America? Honestly I can't stand them, and the people (for the most part, not all) that drive them scare me, and my little car, lol...
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NNadir Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-06-06 03:39 PM
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2. I like the extra taxes. One hopes they are big taxes.
We need big taxes here on oil consumption devices.
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