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Cork Independent

Motors

Does Skoda have the best residual value in the country?

Thursday, 31st January, 2019 8:33am

Skoda Ireland, as well it might, has welcomed a DoneDeal.ie motor industry report, which placed the Skoda Octavia in pole position, for holding the strongest retention value in the Irish used-car market.

This is the second year in a row that the Skoda Octavia has achieved this accolade.

With an average depreciation of just 22 per cent over the three years since 2015, the Skoda Octavia took the number-one spot, ahead of the Volkswagen Golf (27 per cent), the Ford Focus (36 per cent), the Audi A4 (52 per cent).

Commenting on the DoneDeal.ie report, Cathal Kealey, PR Manager at Skoda Ireland, said: “Since 2015, the Skoda Octavia has been consistently one of Irelands top five selling vehicles. It offers unrivalled value for money and like every model in our range, it’s built to last. Since 2015, we have also seen major growth in our Skoda Approved Used Car Programme which ensures our pre-owned Skoda models undergo a series of stringent checks by our technicians before re-sale.

“This programme also includes twelve month roadside assist and a twelve month warranty while service plans are also very popular among our used car buyers. All of these measures ensure that our used cars are maintained to the highest standard and will last the test of time. Whilst we are delighted to see the results of this DoneDeal.ie report, due to the quality of our used cars, it comes as no surprise that the Skoda Octavia is ranked number-one.

“The Skoda brand continues to go from strength-to-strength in Ireland. In 2018, we recorded a record market share of 7.3 per cent with 9,126 new vehicle sales. We have solidified our sixth position in the sales rankings and have now set our sights on a top five finish in 2019.”

He added that “in order to achieve this, we will continue to offer our customers the best value in the market with the Octavia now available from zero per cent PCP finance and with a €1,000 deposit contribution; the model will certainly play a strong role on our journey to further growth.”

In a year when overall car sales are down almost five per cent, Skoda managed to grow its sales volume by over one per cent. Despite the growing trend towards SUVs, the brand’s best-selling model was the Octavia, with almost 3,400 units sold.

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