Cap HPI has given the newly launched Volvo XC40 T5 Twin Engine plug-in hybrid market leading resale values.
In R-Design specification, it is estimated to be worth 58.4% of its original new price after three years and 30,000 miles.
The XC40 T5 Twin Engine is the first deployment of Volvo’s 180hp 1.5-litre three-cylinder petrol engine together with an 82hp electric motor.
While this also makes the XC40 unique in the compact premium SUV market, its residual values compare extremely favourably with its closest alternatives.
The BMW 3 Series 330e M Sport saloon has an estimated residual value of 49.3% at the same age and mileage, while the Mitsubishi Outlander 2.4 PHEV Design is estimated to be worth 47.0% of its original cost.
The XC40 also retains a higher-than-average residual value when covering 60,000 miles, which is good news for high-mileage drivers.
XC40 T5 Twin Engine R-Design models covering 60,000 miles over three years are expected to be worth 49% of their original new price. This compares with an equivalent estimated residual value of 41.4% for the BMW 3 Series 330e M Sport saloon and 39.4% for the Mitsubishi Outlander 2.4 PHEV Design.
Matt Galvin, sales director at Volvo Car UK, said: “We are delighted that the plug-in hybrid version of our best-selling model in the UK has been forecast to retain its value so well.
“The resulting lower monthly leasing costs, combined with the car’s tax- and fuel-efficiency, mean the XC40 T5 Twin Engine is a highly affordable and attractive options for private and business drivers alike.”
Multiple industry award wins and exceptional public enthusiasm have ensured the XC40 has quickly become the best seller in Volvo’s UK range.
The new powertrain is available in higher-specification versions of the XC40: R-Design, R-Design Pro, Inscription and Inscription Pro.
On-the-road prices are from £40,905 for the R-Design. Volvo retailers are taking customer orders now, with the first cars scheduled for delivery in February 2020.
Volvo’s new T5 Twin Engine petrol-electric hybrid powertrain was unveiled in the XC40 last month, ensuring it now offers plug-in hybrid versions across its entire model range.
The T5 Twin Engine marries Volvo’s new 1.5-litre three-cylinder 180hp petrol engine with an 82hp electric motor in a hybrid system that delivers 262hp.
Preliminary WLTP figures for CO2 emissions are from 38g/km (where 19-inch wheels are specified), while combined cycle fuel consumption is expected to be up to 141.1mpg.
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Gareth has more than 20 years’ experience as a journalist having started his career in local newspapers in the 1990s. Prior to joining Fleet News in 2008, he worked in the public sector as a media advisor and is currently news editor at Fleet News.
The Engineer - 02/10/2019 14:05
Outlander still has one 'trick' up its sleeve against these competitors, if your on AFRs you get 21p per mile instead of 14p, makes a big difference to ownership erm...comfort. Same advantage (from drivers view!) will apply to forthcoming Kuga PHEV (2.5L).