Good news for car buyers looking for a bargain in 2005 as Proton announces that owners of the new 1.6 litre 5-door GEN-2 have very little to fear from depreciation. Contrary to press reports of "false economy" when purchasing Asian brands, Proton is proud to announce good predictions of future residual value from Automotive Business Intelligence experts Glass’s.
Jason King, Forecasting Editor at Glass’s, believes that the GEN-2 is key to Proton’s future success. "The GEN-2 may be the most important car that Proton has built to date, and should be the first step in giving the brand a higher consideration level and a wider audience in the UK. The high levels of standard specification, attractive design and a sound engineering base provided by Lotus ensure that the GEN-2 is a competent C-sector hatchback for the price of a supermini."
When considering which car brand to purchase, as well as looking at residual values, which in the competitive 5-door family hatchback market vary widely from 28% to 50% of list price, consumers should take into account ownership costs throughout the life of the vehicle. It is in this respect that cars like the Proton GEN-2 come into their own and beat the opposition.
The combination of very competitive list prices and strong residuals makes the GEN-2 an enticing package for both private and fleet customers, and with high levels of specification including air conditioning and radio/ CD player as standard, there are many reasons why customers should consider the GEN-2 as their next vehicle.
*Source - Glass’sPublished 19 January 2005