Volvoâ€™s new XC40 premium compact SUV has followed in the footsteps of its larger stablemates with competition-beating residual values, following the carâ€™s unveiling in Milan.
Residual value guides Cap Hpi and KeeResources have both positioned the new XC40, Volvoâ€™s first entry into the compact SUV sector, ahead of its two main premium German rivals, the Audi Q3 and BMW X1. The figures underline further Volvoâ€™s status as a fully-fledged premium brand.
The Volvo XC40 D3 Momentum in manual guise is estimated to be worth 43% of its cost new price after three years and 60,000 miles according to Cap Hpi, and 46% according to KeeResources. That compares with 36% and 42% for the equivalent Audi Q3 Sport and 38% and 44% for the equivalent BMW X1 SE respectively.
The equivalent T3 model fares even better at 45% of its cost new price after three years and 60,000 miles according to Cap Hpi and KeeResources. Both used value guides valued the equivalent Audi Q3 Sport at 39%, while Cap Hpi valued the equivalent BMW X1 SE at 33% and KeeResources at 41%.
Graeme Oswald, Remarketing and Total Cost of Ownership Manager, Volvo Car UK, said, â€œOur larger 90 series cars, as well as the new XC60, have paved the way for these strong residual values, and itâ€™s a fantastic achievement that our new compact SUV has been so well received by the industry.
â€œStrong residual values mean lower monthly contract hire and personal leasing rates, which make a car more competitive with fleet and retail customers alike.â€
The new Volvo XC40 is available to order now.
|Make||Model||Power||Transmission||Trim level||Cap Hpi residual value prediction
as a % of cost new over 3yrs/60k
|KeeResources residual value prediction as a % of cost new over 3yrs/60k miles|