New Volvo V40 – Strong residuals
We’ve been very impressed with what we’ve seen of the new Volvo V40; it’s a car that is right on the money in its style, its pricing and its range (although we’d like to see something more exciting at the top end).
And now, with production of the V40 under way and the first customer cars expected to arrive in the UK in September, Volvo has had very good news from the fleet industry and the people who set residual values for car finance.
The consensus across the industry seems to be the same on the new V40’s residuals. Lex Autolease say the V40 will be on a par with the VW Golf, ahead of the Audi A3 Sportback and just behind the new BMW 1 Series and CAP say residuals will be on a par with the Audi A3 and VW Golf.
That augers well for V40 sales, not just for fleet sales but for private buyers acquiring their new V40 on Contract Hire. Strong residuals can make a difference of £100s a month to payments, and residuals for the V40 on a par with its strongest competition is great news for Volvo; it makes the V40 more affordable.
And that will help Volvo hit its sales target of 90,000 V40 sales a year with ease.
2012 Volvo V40 Photos
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