Saturday 14 December 2019

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Cork Independent

Motors

DoneDeal report puts Skoda top for residual value

Wednesday, 7th August, 2019 4:35pm

Skoda Ireland has welcomed a DoneDeal Motor Industry Review that has placed the Skoda Octavia in the top spot for holding the strongest residual value in the Irish car market for the third consecutive year.

Strong residual values have always been a major considering factor when selecting new or used vehicles. The DoneDeal report is one of the few sources available to the public where they can acquire unbiased information on resale values and trends in the Irish motoring landscape.

Senior Marketing Manager at DoneDeal.ie, Martin Clancy, commented on the report, stating that: “For the third DoneDeal Motor Industry Review report in a row, the Skoda Octavia maintains its position as the Irish car that retains its value the most in the motor market with an average depreciation of just 33 per cent. From its new sales value after three years, the Octavia has proven time and again that it is not just one of the most searched for cars on DoneDeal but is also a real hit with Irish consumers.”

When asked why the Octavia succeeded in maintaining strong residual values, John Donegan, Brand Director Skoda Ireland said: “Put simply, the Octavia has proven itself over the last 21 years as a durable and efficient all-rounder with build quality and reliability few competitors can rival.”

Donegan added: “The DoneDeal Motor Industry Review report will give confidence to our customers who invested in a Skoda personal contract plan; these customers can be confident of their vehicles maintaining some of the best trade in values of any car brand after three years.”

The Skoda brand has broken into the top five car brands in Ireland with 7.9 per cent market share. Skoda delivered 6,449 vehicles to customers of which 2,209 were Octavias.

Further success is anticipated with the new Octavia Soleil that was launched earlier in June. With 0 per cent finance and decent specification, Skoda is likely to maintain fifth position in the market until year end.

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