2013 Honda CR-V to achieve 40 percent residual value, CAP Monitor says

Article by Anita Panait, on November 24, 2012

Industry experts at CAP Monitor have disclosed strong residual value predictions for the fourth generation Honda CR-V model, attributed to the vehicle’s appealing style, innovation and striking levels of equipment. Based on a three-year/20,000 mile per annum profile, CAP Monitor has predicted that the 2.2litre range-topping EX manual model -- expected to be the most popular Honda CR-V -- will achieve a 40 percent residual value of its original P11D cost, equivalent to £12,325.

CAP’s estimate is above-the-average in the sports utility vehicle (SUV) segment.  With the arrival of the new British-built CR-V in Honda showrooms in the United Kingdom, dealers are reporting huge interest in the SUV. The Honda CR-V is available in four equipped trim levels -- S, SE, SR and EX.

Prices for the range starts at £21,395 over-the-counter for the entry level 2.0 i-VTEC manual transmission in S grade. This variant features 2WD transmission, the first time it is installed on a CR-V. The range’s flagship variant is the 2.2 i-DTEC EX manual with all-wheel drive, at a starting price of £30,995 over the counter. Both the 2.0 i-VTEC petrol and 2.2 i-DTEC diesel engines emit significantly less carbon dioxide than their outgoing equivalents. The new Honda CR-V also offers greater quality, practicality and refinement than its predecessor.

Jeff Knight, Editor of CAP Monitor, commented: “It’s an all new vehicle with a good standard specification, more modern styling, improved dynamics and excellent real-world fuel economy. There’s also a noticeable reduction in cabin noise, increased usable interior space and a more ordered structure to the range.”

Topics: honda, honda cr-v, suv

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