Fleet News

Marketwatch: Premium SUVs still holding their price

FLEETS will find premium 4x4s continuing to outperform the market in the coming years, despite increasing numbers coming onto the used market and concerns about their environmental impact.

Although values for premium SUVs are down generally across the board year-on-year, much of this is down to the fact that cars like the Volvo XC90, Lexus RX300, Porsche Cayenne and Range Rover are new models and are finding their level.

Values will continue to fall over the next few years, but nowhere near by the same levels as other sectors.

Richard Crosthwaite, prestige car editor at Glass’s, said: ‘Although some easing in values will occur over the next year, these cars are set to continue to outperform the market in general. Although volumes will climb still further for the sector as a whole and new models will enter the marketplace, the likelihood is that as long as the volume increases are maintained to sensible levels the impact on values will be relatively modest.’

The one SUV that seems impervious to the trend of the rest of the market is the BMW X5.

Crosthwaite said: ‘The X5 seems to have bucked this trend, mainly due to careful management of availability in its early years, allied to it being recognised as the best example in this growing niche sector.’

To ensure the strongest residual values, Crosthwaite believes it is essential for them to be equipped with leather, a desirable metallic colour like silver, blue or grey and sat-nav.

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