Nissan has seen further evidence of the long term strengthening of its residual values in the UK with the launch of its new Pathfinder SUV.
Predictions from residual forecasting expert EurotaxGlass’s in its June RV bulletin show that the new Pathfinder will be a better used car bet in the future than rivals from Land Rover, Toyota and Volvo.
EurotaxGlass’s predicts the Pathfinder will depreciate by £14,067 after three years and 60,000 miles, less than its close rivals.
Over the same period EurotaxGlass’s predicts the Volvo XC90 will depreciate by £16,717, the Toyota Landcruiser by £16,208 and the Land Rover Discovery3 by £14,109.
"The Pathfinder has a huge breadth of ability, both on and off-road, yet prices start at a lot less than 7-seat SUVs from other brands. Even driving the car in the toughest off road environment the Pathfinder is very comfortable," explained Jason King, Forecasting Editor of EurotaxGlass’s.
"The Nissan brand is certainly proving it’s capable of launching exciting new niche products that not only look good, but that makes sound business sense for corporates from a purchasing and running cost perspective," he added.
Nissan has already seen strong residual values set on its new Murano of 46% of cost new over three years and 60,000 miles, while X-TRAIL residuals continue to hold up well four years after it was first launched.
"Our long term fleet strategy is showing it’s working with residual values holding up well. For EurotaxGlass’s to compare the Pathfinder with the new Discovery3 in its performance off road and used value shows the brand has come a long way in a short space of time," said Dave Murfitt, Nissan GB’s fleet sales director.
"Fleet reaction has been positive to the new Pathfinder from user choosers, but we have also seen a few surprise fleet orders for 20 plus vehicles because companies have been impressed with the SUV’s flexibility as a workhorse and people carrier," he added.
|Make and Model||Cost new||Depreciation from new||Value after 3 yrs/60,000 miles|
|Nissan Pathfinder 2.5dCi SE auto||£26,892||£14,067||£12,825|
|Land Rover Discovery3 2.7TD auto||£30,287||£14,109||£16,178|
|Toyota Landcruiser 3.0D4-D LC3 auto||£28,892||£16,208||£12,774|
|Volvo XC90 D5 S Geartronic||£32,937||£16,717||£16,220|
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