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Hybrid RV's may soon bounce back
ING Car Lease’s remarketing manager, Duncan Metcalf, believes that hybrids’ residual values could soon enjoy a renaissance.
He said: “While we saw RV’s of hybrids hold up well when the cars began to initially come off-fleet, more recently we have seen something of a softening of second hand values. This cooling off of RVs is possibly down to the fact that the market has got over the ‘wow’ factor of hybrid models and that they have become more accustomed to them due to increasing numbers of hybrids becoming available in the off-fleet market.
The market for used hybrids is now maturing, however RVs are to holding up well in the off-fleet market, despite the downbeat economic climate. We may even see a brighter future for hybrids especially among urban drivers given the current rising cost of fuel.