Three years after its launch, the award-winning Volvo XC90 is now showing its success and strength as a used car with reports of strong demand and high residual values.
According to the car buying guide Parker's , the Volvo XC90's versatile seven seat layout and car-like driving characteristics have ensured its popularity on the used car market. The more popular, five-cylinder D5 turbodiesel engine model is particularly in demand and usually commands a premium over the faster, six-cylinder T6 petrol engine variant.
As a result, the Volvo XC90 has held its value exceptionally well. For example, Parker's gives a 2003, 53-registration Volvo XC90 D5 SE, with the optional Geartronic transmission, a part exchange value of £21,215 after three years and 30,000 miles which represents 65.5 per cent of its original cost.
"The Volvo XC90 appeals to drivers who want the security of a vehicle with a higher driving position, all-wheel drive and unrivalled safety that Volvo has," explained Simon Harris, Parker's consumer editor. "It has proved it has the premium badge appeal to compete with other prestigious brands in the sector. Long waiting lists when the car was launched ensured a level of pent-up demand and we are seeing a high demand for the Volvo XC90 as the first three year old examples arrive on the used market," he added.
Volvo's Product Manager for used cars, Anne Woodward confirmed the XC90's popularity, commenting: "The XC90's clever design compared to other SUVs has made it a great success. We've seen a big increase in people looking online for an XC90 on the Volvo Selected Used Car locator on the Volvo Cars website and are delighted more customers will enjoy the XC90 - and the benefits of owning a used Volvo bought through our Selected Used Car Programme."Published 1 November 2006