Compacts Top Residual Value Survey
The Automotive Lease Guide has released its projections for the vehicles most likely to retain their value three years from now, and they’ve awarded the top honors to three compact(ish) cars, the Scion xB, the Honda Fit and BMW’s MINI. The MINI took the overall prize, with ALG predicting that a new Cooper will retain 64.5 percent of its retail value after the average 36-month lease. The xB won the mid-compact category with a projected retention of 63 percent of its new value, while the Fit topped the compact class with a residual value estimated at 59.8 percent. ALG president John Blair tells Automotive News [sub] that price, design, new-vehicle incentives and fleet sales all went into the projections, with special consideration paid this year to Detroit’s woes. “The public needs to have confidence that the companies are solid and they’re going to be around to service the vehicles and provide a pathway for warranty work,” Blair said, by way of explaining why US firms ranked so low in the rankings.
RedStapler on Nov 20, 2008
Its ironic that the Jeep Wrangler and Subaru Forester tie for top spot SUVs. You could not have more of a contrast between their interpretation of the genre. Given the talk in the off-road press I suspect that the current JK Wrangler will be less popular used with the enthusiast crown that the TJ model it replaced given it weaker engine and more complex electrical system.
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