Industry News from Yes Insurance

The residual value of the Volvo XC60 has been revealed by industry experts.

EurotaxGlass's and CAP have announced that the vehicle will have the highest value of models within the sector - worth more than both the BMW X3 and Land Rover Freelander.

It added that the XC60 163bhp 2.4D and 185bhp D5 SE both achieve close to 45 per cent trade value on their initial cost over a period of three years or 20,000 miles per annum.

According to John Wallace, Volvo corporate sales and leasing manager, this marks "good news" for retail buyers, while car insurance customers could also save.

He said: "This impressive residual value is critical in the highly competitive fleet market as the more the car is worth in three or four years' time, the lower the monthly contract hire costs, whether business or personal leasing."

This comes as Volvo has revealed that there will be three engine variants for the XC60 - two diesel and one petrol.

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