Fleet News

German marques top residual values chart

GERMAN marques dominate a new survey which highlights the end-of-contract models that will fetch fleets the most money in three years’ time.

The Lex Vehicle Leasing Residual Value Survey of 123,000 vehicles has listed German models in all top 10 places of vehicles with the highest achieving residual values.

The Porsche Boxster holds the number one spot for the fourth consecutive year with 54%/£19,950 after three years/60,000 miles.

Three models, the BMW Z4, BMW X3 and the MINI, hold joint second place with 52% –£14,217, £15,167 and £5,926 respectively.

Steve Jones, pricing manager at Lex Vehicle Leasing, said: ‘The MINI is a great example. There are a queue of drivers dreaming of getting out of their old Mini and into the new model, but who simply can’t afford it. However, in the future they will be able to get into a MINI for about £6,000.’

Although some models have remained in the top 10 list, they have slipped compared with recent years. The Mercedes-Benz SLK has dropped from third position in 2002 to seventh this year and the Mercedes-Benz CLK has dropped from fourth in 2002 to ninth.

Several models which featured in the top 10 last year, failed to show in this year’s table. These include the Volkswagen Beetle Cabriolet, Lexus SC430, Mazda RX-8 and the Audi Cabriolet.

Jones added: ‘This chart has been made up of many different types of cars over the past four years, but it has never been totally dominated by German cars. Much of the residual value prediction is all about desirability when a car is three years old and we anticipate that all of these cars won’t struggle to find new owners, even with 60,000 miles on the clock.’

Notable by their absence from the top 10 were 4x4s like the Range Rover, Volkswagen Touareg, Volvo XC90 and Land Rover Discovery, vehicles with traditonally high RVs.

Top 10 predicted residual values

1. Porsche Boxster 54%/£19,950

2=. BMW Z4 52%/£14,271

2=. BMW X3 52%/£15,167

2=. MINI 52%/£5,926

5. BMW X5 51%/£20,478

6. New BMW 3-series 50%/£11,802

7. Mercedes-Benz SLK 50%/£17,337

8. BMW 1-series 49%/£9,161

9. Mercedes-Benz CLK 48%/£17,509

10. Porsche Cayenne 47%/£21,500

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