Good Residual Values for Volvo Models
Published Date: 1st Sep 2007
Volvo Car UK has announced class leading residual values for its all-new Volvo V70 and XC70 premium estate models. The Volvo V70 and XC70 have recently been awarded ‘best in class’ future residual values by industry experts. CAP which predicts future used values for the motor industry and Lex, the UK’s largest leasing company have both issued figures predicting that the all-new Volvo V70 and XC70 will be worth more than their closest rivals in the used car market.
After 3 years and 60,000 miles both CAP and Lex forecast the Volvo V70 D5 SE will be worth a class-leading 49% of its original OTR price of £27,995. That puts it 5% ahead of rival BMW 5 25dSE and 8% ahead of the Audi A6 2.7TDi SE. CAP has also put the all-new Volvo XC70 ahead of rivals predicting that it will also be worth 49% of its value after 3 years and Lex forecast a value of 48%.
‘The residual value forecasts reflect the excellent used car prices the current estates have achieved, together with an increase in value because of the significant step-up in style, driving dynamics, functionality and quality evident in the new Volvo V70 and XC70’ commented Volvo Car UK’s corporate sales and leasing manager, John Wallace.
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