Honda gets good news on residual value

Motor Trade News

November 24, 2016

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Honda’s Jazz and HR-V crossover models have outperformed forecasts on residual value levels according to the latest figures from CAP.

The figures from CAP’s ‘Black Book’ show the Honda HR-V Diesel will hold an impressive 77% of its value after twelve months/20,000 miles.  Honda point out that the figure  isup to 15% more than the ever popular Nissan Qashqai.  Always keen to differentiate themselves in the market Honda, point out that the Jazz model retains 12% more value than the Ford Fiesta.  Honda attributes the superior residual data to the brand’s reputation for reliability.

Phil Webb, Head of Cars at Honda (UK), said: “As a brand Honda has been working very hard in close co-operation with the industry to improve residual values for all our models. Unlike rivals, we do not force registrations through heavily discounted channels and this is paying dividends.

“The RVs being achieved by the Jazz and HR-V equal those of premium brand models and far exceed even our own original forecasts. We now expect to see similarly impressive residual value figures for the all-new 2017 Civic.”