New Civic will pay off in long term
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.”