A survey by Glass's conducted on vehicles registered three years ago, has produced a list of the top ten cars for maintaing residual values. If you work in the Motor Trade and buy and sell vehicles, this is essential information for your business.
The vehicle values below are calculated on three year old vehicles with recorded mileage of 37,000. The vehicles each show a percentage figure, which is the amount of the original list price retained after the first three years.
The vehicle values below are calculated on three year old vehicles with recorded mileage of 37,000. The vehicles each show a percentage figure, which is the amount of the original list price retained after the first three years.
- Volkswagen Tiguan SE 4Motion 5d (68%)
- MINI 1.6 Cooper 3d (65.9%)
- Honda CR-V 2.2 CTDi SE 5d (64.3%)
- Land Rover Freelander 2 GS Td4 Auto (63.8%)
- Audi Q7 3.0TDI Quattro S Line Tip (63.8%)
- Land Rover Discovery 3 2.7TD (63.7%)
- Audi TT Coupe 2.0T FSI (63.6%)
- Nissan Qashqai 1.6 2WD Visia (63.3%)
- Land Rover Range Rover 2.7TD Sport (62.5%)
- Audi A5 2.7TDI Sport Coupe Multitronic (62.2%)
The VW Tiguan tops the charts for residual values, this is partially due to limited numbers available as this has never been strongly marketed to UK customers. This limits the number of cars available, but there is also the brand value of the VW badge, which is synonymous with quality.
Another detail to note for Car Dealers looking to make astute purchasing decisions is that despite cost and environmental factors, 7 of the top 10 vehicles are SUV's. Many industry watchers expected values of these larger thirstier vehicles to fall, but the smart money is sticking with 4x4's.
Looking to get the best value from your Motor Traders insurance? We specialise in Car Dealer insurance, so if your need a Traders Policy that cuts costs, but not cover - visit iQuote Motor Trade insurance: www.iquotemotortradeinsurance.co.uk
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