- Volvo’s S60 D5 leads premium executive diesel car sector
- Lowest P11D price
- Highest residual value
The latest residual value figures from the Insight independent survey of 35 leasing companies show that the forecast is bright for the Volvo S60 D5, which looks set to lead its sector for the foreseeable future.
According to the survey, the Volvo S60 D5 S currently has the strongest residual value in its sector of *38.4%, as a percentage value of original list price, beating the Mercedes Benz C220 Classic by 0.3% (38.1%), the BMW 320d SE by 0.4% (38.0%) and the Audi A4Tdi SE130 by 0.7% (37.7%).
With a P11D monthly cost of £20,700 the Volvo S60 D5 S is also the best value in its group. Its monthly rental price stands at £406, which is nearly £30 per month lower than the average cost within the sector.
The Volvo S60 D5 residual value forecast has been strong from day one and John Wallace, Volvo Leasing and Rental Manager, attributes this to the company’s close consultation with stakeholders including leasing companies and Future Value Guides.
John explains: "Since 1998 we have worked closely with the stakeholders prior to the launch of each new model to ensure we position them correctly from the start and provide the right level of specification for the UK market. We take a selection of representatives from leasing companies, Fleet Managers and Guide Editors out to see each model at its pre-production stage, drive against competitors and consult with them on preferred engine choice, price, specification, badging, and so on. We take their advice on board and the results speak for themselves in terms of the growing popularity of our vehicles in the fleet sector and their strong RV forecasts.
"For instance, the S60 offering in the UK is very different than in other Volvo markets as turbo engines, alloy wheels, air conditioning, sport seats and CD player are all standard here. The D5 is the most popular fleet choice in the S60 range, thanks to its combination of performance, economy and low CO2."
Steve Jones, in Pricing at Lex Vehicle Leasing comments: "The changes to the company car tax regime have seen a huge growth in the volume of diesel cars – nowhere is this more evident than the executive sector. The challenge for contract hire companies is identifying which diesel executive cars will appeal to used car buyers. Volvo’s S60 already captured the brand’s traditional values, and added high equipment levels to a sector where specification can be an expensive option. The introduction of the D5 diesel engine in 2001 secured the appeal for both new and used S60 drivers."Published 21 September 2003