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NEW DISCOVERY ACHIEVES BEST-SEGMENT RESIDUALS

NEW DISCOVERY ACHIEVES BEST-SEGMENT RESIDUALS

by Louise Woodhams, 27th October 2016

All-new Discovery already showing class-leading residual values.


At the time of writing the all-new Discovery had only made its debut 19 days previously, yet car market analyst CAP predicted the vehicle is already heading the field with class-leading residual values. 
 
According to the independent body, the latest Discovery is expected to retain 59 per cent of its value over three years or 36,000 miles of ownership thanks to its broad appeal. 
 
Combining seven full sized seats, class-leading towing capability, reduced fuel consumption and CO2, the new Discovery is an attractive buy for £43,495 and despite the fact it’s yet to be even seen or driven by most of the general public, Land Rover is confident it will attract both new and existing customers.
 
The Discovery is renowned for being a do-anything, go-anywhere vehicle, and with higher specification trims coupled with the improved service, maintenance and repair costs associated with the new Ingenium engine, CAP are obviously of the belief it will only further add to the appeal of it.
 
Whether it is the new Discovery’s high level of differentiation from previous models or its positive impact since launch that is attributed to the strong initial residual value is unknown. However, if the used market becomes crowded with Discovery models then residual values will obviously go down.
 
If its predecessor is anything to go by though, CAP could well be right. In 2012 the Discovery 4 3.0 diesel auto was one of ten three-year-old cars to have still held on to most of its original value, retaining an impressive 67.6 per cent. 
 
In addition SUVs and 4x4s are the lowest depreciating cars, with the most fashionable models in this sector remaining highly desirable on the used market. In fact, according to CAP on average they retain 46.6 per cent of their new price after a typical three-year ownership period. 
 

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