Volvo residuals rising
Record residual values are helping establish Volvo’s new 90 series cars in the highly competitive premium marketplace.
According to automotive data experts cap hpi, each model – S90 saloon, V90 estate and XC90 SUV – is benefiting from the strongest residual values Volvo has ever seen in its respective segment.
The new XC90 continues to perform strongly within its segment, with cap hpi’s Gold Book in May reporting that the XC90 D5 PowerPulse Momentum will be worth 48.7% of its original price after three years and 60,000 miles. The entry-level D4 Momentum V90, meanwhile, is forecast to be worth 41.2% of its original price after 36 months and 60,000 miles, while the S90 D4 Momentum, is expected to be worth 39.8% of its original price after three years and 60,000 miles.
Graeme Oswald, remarketing and total cost of ownership manager, Volvo Car UK, said, ‘Residual values are the cornerstone for every car in the leasing sector. Every element of the 90 series has been developed with the corporate buyer in mind, and their ultra-competitive values have been helped by our listening and responding to feedback from fleet buyers and their drivers.’
Following the official announcement of UK prices and specifications, the long-awaited new XC60 SUV has already received strong values from cap hpi forecasts, with a 10% increase over its predecessor.