New Honda Civic secures strong residual values
Honda's strong reliability record and reputation for high quality products has helped the new Civic secure impressive residual values and improved insurance group ratings, ensuring the 2012 Civic will have some of the lowest running costs in the C-segment.
Impressive residual value predictions
Based on a three year/60,000 mile profile EurotaxGlass’s predicts the 150PS 2.2 i-DTEC ES will retain 42 per cent of its cost new price over a three year/60,000 mile period.
CAP estimates that both the Civic 150PS 2.2 i-DTEC ES and entry-level 100 PS 1.4 i-VTEC will achieve a trade value of 38 per cent of their original cost new price. This equates to £8,050 and £6,175 respectively.
"We have worked really hard to improve the way we communicate our new models and the new Civic is the first model to benefit from this work. Our target was to have all the relevant new vehicle data including pricing, SMR and insurance groupings with the data providers in time for the data to be packaged and released on the day the car was unveiled at Frankfurt - and we achieved it,” commented Ollie Parsons, National Leasing and SMR Manager, Honda (UK).
“On the 30 September we opened our order books for the new car and every single leasing company was in a position to give a customer a quote. This will be how we will launch all new Honda cars in the future."
Improved insurance group ratings
The new Civic has also secured insurance group ratings four to five groups lower than the outgoing model to help drive ownership costs down even further. The entry-level 1.4 i-VTEC SE Civic boasts an 8E rating - signalling a drop of four groups over the previous model. The same goes for the 2.2 i-DTEC top of the range EX GT which now fits into the 20E band.
“These excellent residual value predictions and insurance ratings combined with lower CO2 emissions and improved fuel consumption make the Civic a very competitive proposition for both private and corporate customers,” commented Dave Hodgetts, Managing Director, Honda (UK). “The new Civic has a proud legacy to continue and with stand-out design, class-leading space and versatility and even higher quality we’re confident that the ninth generation of the Civic is the best yet.”
