Land Rover 'Holds Residual Value'
Land Rover 'Holds Residual Value'
The wintry weather and tough driving conditions have seen Land
Rovers increase in popularity and retain their value, according to
a report.
The recession saw consumers move away from the SUV market, but
many returned during the ice and snow over the last two years, the
industry report by Glass shows.
Now three models have gained a spot in Glass's top 10 for
retained value in the first three years of ownership.
A three year-old (57 plate) Freelander 2 GS TD4 Auto took fourth
position in Glass's survey, a Discovery 3 2.7 TDV6 was awarded
sixth place and the Range Rover Sport 2.7 TDV6 finished ninth.
"The British love affair with the 4x4 has meant residual values
of several models have remained high," said Adrian Rushmore of
Glass's.
"In Glass's list of the top 10 best performing three-year old
models in terms of residual value, Land Rover claimed three spots.
Besides the aspirational appeal of the Land Rover brand, consumers
have remembered how well their Land Rovers performed in the extreme
winter weather last year and this has also impacted positively on
their residual value. "
Colin Green, Land Rover managing director, said: "Land Rover
vehicles offer stylish design, ground-breaking technology, and
unrivalled all-terrain capabilities making them the ideal vehicles
for all weather conditions.
"Our approved used vehicles have been thoroughly checked by
specialist technicians and come covered by Land Rover's
comprehensive warranty. Now with excellent residual values and
finance offers available across the range, ownership has never been
so appealing."
Copyright Press Association 2010 | Emma Sword
