Newspaper article Evening Gazette (Middlesbrough, England)

Check out the Kings of the Residuals; Motoring World

Newspaper article Evening Gazette (Middlesbrough, England)

Check out the Kings of the Residuals; Motoring World

Article excerpt

Byline: MIKE TORPEY

IF you want a car that really holds on to its value then the answer, it seems, is to buy a Land Rover.

Used car values 'bible' Glass's has released its top 10 cars people should have bought three years ago to retain the highest value of its original list price - and three of the places are occupied by Land Rover models.

The list, which deliberately excludes both exotica and cars sold in very small numbers, shows the residual values for vehicles on a '57' plate with an average mileage of 37,000. And topping the chart is the Volkswagen Tiguan (168bhp) SE 4Motion 5-door 168bhp model with a retained value of 68.0 per cent - an average annual depreciation of pounds 2,394.

Land Rover occupied joint fourth, sixth and ninth with variants of the Freelander 2, Discovery 3 and Range Rover Sport. In fact seven of the top 10 places were occupied by 4x4s or SUVs.

In recent years, off-roaders have been perceived as polluting and uneconomical, with some backlash against 'school-run SUVs'.

And the hike in Vehicle Excise Duty, the 'showroom tax' for new vehicles, as well as rising fuel prices have conspired against both 4x4s and SUVs.

But prospective buyers who may have postponed purchases during the recession are now buying as Britain's love affair with the 4x4 has taken off again - even more so given the current cold snap and icy conditions at the start of this year. Glass's chief Adrian Rushmore said: "Buyers will have been impressed with how much better 4x4s were able to cope with the winter weather, and through the media we were even presented with heroic stories about 4x4s pulling other cars out of trouble or getting through the snow to people who were otherwise stranded."

"Land Rover is still firmly the residual value king, with three of their models appearing in the top 10. Models from Toyota, Porsche and BMW are hovering just below the top 10, but the feedback from the market is that just about anything with four-wheel drive capability is in demand. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.