Good news for green cars as hybrid cars hold their residual values

[From The Green Car Website]

March 18, 2008 Posted by: Lee

photo credit: Taekwonweirdo
There is more good news for green cars and hybrids in particular. Mark Cowling, the business development manager of CAP announced at last week’s Car Fleet Management conference that hybrid cars were holding their residual values just as well as their petrol and diesel equivalents.
The average hybrid car is holding approximately 36.5% of its original value after 3 years/60,000 miles. This compares favourably with the corresponding petrol and diesel cars holding 36.9% and 36.8% respectively.
Cowling finished off by stating that “These vehicles are not to be afraid of.”
This is an important landmark in hybrid cars entering the mainstream and becoming a viable driving option to all UK motorists.

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