SUV's - no problems at disposal
One of the questions which the arrival of new types of cars throws up, is whether they will perform well on the used car market. In other words, they may look great now, but will anyone want them in three or four years, when there might be another fashion…?
While the segment of electric cars is the most obvious ‘newcomer’ in this respect, Business Car has been looking at a category which does seem to be ahit with used car buyers: crossovers and small SUV’s. The quantity of crossovers on the market, it says, is accelerating at an astonishing rate. The same goes for SUVs – particularly the smaller ones – and mini-MPVs, which are also continuing to improve.
The attraction of these types of vehicle is to be found in a number of areas: they are not the traditional hatchback or supermini which everyone else is driving, they have an agreeable ‘high’ driving position, and they are extremely useful at the weekend or when going on holiday.
Business Car quotes Simon Henstock, operations director for one of the largest remarketing companies: BCA: “Crossovers and SUVs remain very popular with motorists because they offer something different from the more traditional saloons and hatchbacks in the marketplace. Ideally, these should come to market with a good level of specification and in a good 'retail' colour - something to consider if you are specifying fleet models at the front end. Although supplies are rising, volumes are still pretty thin on the ground and generally values hold up well. The critical factor is inevitably price. Some models can look expensive when compared to the traditional alternatives, which are available in large numbers at a variety of price points”.
Reassuring for owners (and particularly fleet owners who operate user-chooser policies), Simon Henstock does not believe that these categories are any sort of passing trend, but now represent a lasting feature of the car landscape. They do not, however, constitute a threat to the more traditional categories, which have their own fans willing to pay the correct price.