Volvo revolutionises ownership model as it rolls out compact SUV

VOLVO’S new XC40 premium compact SUV has followed in the footsteps of its larger stablemates with competition-beating residual values, following the car’s unveiling in Milan.

Residual value guides Cap Hpi and KeeResources have both positioned the new XC40, Volvo’s first entry into the compact SUV sector, ahead of its two main premium German rivals, the Audi Q3 and BMW X1. The figures underline further Volvo’s status as a fully-fledged premium brand.

The Volvo XC40 D3 Momentum in manual guise is estimated to be worth 43% of its cost new price after three years and 60,000 miles according to Cap Hpi, and 46 per cent according to KeeResources.

That compares with 36 per cent and 42 per cent for the equivalent Audi Q3 Sport and 38% and 44 per cent for the equivalent BMW X1 SE respectively.

The equivalent T3 model fares even better at 45 per cent of its cost new price after three years and 60,000 miles according to Cap Hpi and KeeResources. Both used value guides valued the equivalent Audi Q3 Sport at 39 per cent, while Cap Hpi valued the equivalent BMW X1 SE at 33 per cent and KeeResources at 41 per cent.