Skip to Content

WoW Insider is getting ready for BlizzCon!

Filed under: Legislation and Policy

How the London Congestion Charge might change the used car market



The reason city governments restrict the number of vehicles in a metropolitan downtown is to encourage alternative forms of transportation, ones that are usually less damaging to the environment (which does not include walking, remember). But, according to EurotaxGlass's, one side effect to the proposed changes to London's Congestion Charge will be a marked decline on the resale values of some vehicles. Which cars? Why, the higher-emission ones, of course. As Adrian Rushmore, managing editor at EurotaxGlass's, says: "There would likely be a surge in part exchanges as some motorists attempt to reduce their daily running costs for commuting into the Zone, and the resulting increase in volumes of cars passing through dealers and auction houses would quickly depress prices, with no prospect of any recovery."

He continues: "Some vehicle brands might see improved sales for smaller, lower-emissions models in their range, with hybrids doubtless gaining further ground. Worst affected would be those marques whose ranges are dominated by higher-emissions cars and who currently rely on sales within the South East of England."

Um, yeah. That's part of the process, Adrian. Weaning people off of the bigger-is-better model. If you have a family of seven and you need your SUV, then you've got to figure out a way to pay for all the things you use, including your vehicle. If that SUV becomes fairly worthless to the rest of the people, then tough. If you need it, use it and take your lumps. Making our lives more sustainable is not going to be painless.

[Source: EurotaxGlass's]

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Featured Galleries

Find Your Next Car