Fleet News

Honda CR-V gains RV boost from CAP

CAP Monitor has announced strong residual value predictions for this fourth-generation Honda CR-V.

Based on a three years/20,000 mile per annum profile, CAP Monitor has estimated that the 2.2-litre top-of-the-range EX manual model - expected to be the most popular - will achieve a 40% residual value of its original P11D cost. This equates to £12,325.

This prediction is above the average in the sports utility vehicle (SUV) segment.

Jeff Knight, editor of CAP Monitor, said: "It's an all new vehicle with a good standard specification, more modern styling, improved dynamics and excellent real-world fuel economy. There's also a noticeable reduction in cabin noise, increased usable interior space and a more ordered structure to the range."

Lee Wheeler, manager corporate operations at Honda , said: "We are delighted that the new CR-V has achieved such impressive residual values. It's critical to have strong residual values in this highly competitive fleet market segment.

"Leasing company confidence in re-sale values for new CR-V is a major benefit as they decide on its market competiveness. This same confidence in re-sale values also spells good news for retail buyers who are purchasing the car on Personal Contract Purchases (PCP)."

With the arrival of the new CR-V in showrooms, Honda says its dealers are reporting strong interest. Available in four equipment grades - S, SE, SR and EX - the range is priced from £21,395 OTR for the entry level 2.0 i-VTEC manual in S grade. This model has a front-wheel drive, the first time it has been offered on any CR-V.

The flagship variant is the 2.2 i-DTEC EX manual with all-wheel drive, priced at £30,995 OTR.


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