New Honda CR-V Achieves Strong Residual Values
Just as the new British built Honda CR-V arrives in UK showrooms, industry experts at CAP Monitor have announced strong residual value predictions for this fourth generation model, a testament to its appealing style, innovation and attractive levels of equipment.
Based on a three years/20,000 mile per annum profile, CAP Monitor has estimated that the 2.2litre top-of-the-range EX manual model – expected to be the most popular – will achieve a 40 per cent residual value of its original P11D cost. This equates to £12,325.
This prediction is above the average in the sports utility vehicle (SUV) segment.
Jeff Knight, Editor of CAP Monitor, commented: “It’s an all new vehicle with a good standard specification, more modern styling, improved dynamics and excellent real-world fuel economy. There’s also a noticeable reduction in cabin noise, increased usable interior space and a more ordered structure to the range.”
Lee Wheeler, Manager-Corporate Operations at Honda (UK), commented; “We are delighted that the new CR-V has achieved such impressive residual values. It’s critical to have strong residual values in this highly competitive fleet market segment. Leasing company confidence in re-sale values for new CR-V is a major benefit as they decide on its market competiveness. This same confidence in re-sale values also spells good news for retail buyers who are purchasing the car on Personal Contract Purchases (PCP)."
With the arrival of the new CR-V in Honda showrooms, dealers are reporting huge interest in the British built car. Available in four generously equipped trim levels – S, SE, SR and EX – the range is priced from a highly competitive £21,395 OTR for the entry level 2.0 i-VTEC manual in S grade. This model has a 2WD transmission, the first time it has been offered on any CR-V.
The flagship variant is the 2.2 i-DTEC EX manual with all-wheel drive, costing £30,995 OTR.
Famed for its excellent road manners, the new Honda CR-V offers even greater quality, practicality and refinement than its predecessor. Both the 2.0 i-VTEC petrol and 2.2 i-DTEC diesel engines emit significantly less CO2 than their outgoing equivalents.