New Civic will pay off in long term

Yorkshire Post - Motoring - - MOTORING NEWS -

THE ALL-NEW Civic will hold its value far bet­ter than the out­go­ing model, ex­perts say.

The car’s resid­ual value fore­cast is up to nine per cent im­proved on the old model and the fig­ures come weeks af­ter HR-V and Jazz also ex­ceeded RV pre­dic­tions.

The Civic goes on sale from late March, priced from £18,235 for the en­try level car to £27,480 for the 182ps VTEC Turbo Pres­tige model.

With the ar­rival of the new 10th gen­er­a­tion Civic and in line with the cur­rent trend to­wards smaller, more ef­fi­cient pow­er­trains, Honda has launched two new petrol en­gines; a 1.0 litre three cylin­der which pro­duces 129PS and a more pow­er­ful 1.5 litre four cylin­der.

In­dus­try ex­perts and resid­ual value set­ters CAP, based in Leeds, fore­cast the Bri­tish-built 10th gen­er­a­tion Civic will hold up to 37 per cent of its value af­ter 36 months and 60,000 miles. That’s an im­pres­sive in­crease of nine per cent on the pre­vi­ous gen­er­a­tion Civic and well ahead of many of its key com­peti­tors.

Phil Webb, Head of Cars at Honda UK, said: “As a brand we are mak­ing big strides in im­prov­ing resid­ual val­ues. This will make our cars even more af­ford­able and lower the to­tal cost of own­er­ship.”

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