→ The Volkswagen Polo has been awarded the Best Residual Value award in the Premium hatchback segment
→ The Polo ranked best with the highest residual value in this segment (4 years; 60,000 kms.)
→ The Volkswagen Polo was assessed in a category which showcased premium hatchbacks from across the auto industry
Mumbai: Volkswagen, Europe’s leading manufacturer, was recently awarded with the Best Residual Award for Volkswagen Polo at Indian Blue Book Residual Value Awards 2017. Launched in 2010, the German carmaker has been constantly updating the premium hatchback on a regular basis to offer its customers the best in technology, safety and reliability along with many segment leading features at an attractive price.
Mr. Steffen Knapp, Director, Volkswagen Passenger Cars India said, “Since its launch, the Volkswagen Polo has been the most spacious, stylish and sophisticated premium hatchback in India. The Polo does an outstanding job of combining safety, design, technology and affordability elements, allowing it to retain a high residual value throughout the cost of ownership. We would like to extend our gratitude to the jurors for choosing the Polo in the competitive premium hatchback segment.”
The Volkswagen Polo was assessed in a category which showcased premium hatchbacks from all the manufacturers across the auto industry.
Background to IBB Residual Value Awards
The vehicle valuation expertise at IBB has been extended to understand the current and forecasted residual values of various models. IBB insights on car residuals is aimed at helping customers take decisions based on long term vehicle ownership beyond the initial buying experience. IBB Residual awards are an extension of insights on residuals to recognize brands across various categories. These Residual Values are established by experienced automotive analysts based on statistical modeling and analysis.
Indianbluebook.com is India’s only vehicle valuation guide that works with retail and wholesale transaction data across retail and wholesale channels to derive prices of pre-owned vehicles. With exclusive access to a large number of car transactions that take place every day through different channels, IBB analytically derives insight that lead to better vehicle price discovery. In essence, IBB is a one-of-a-kind valuation platform based on rigorous research and pure rationality. IBB offers a wide array of tools such as Total Cost of Ownership (TCO) and Residual Value Analysis (RVA), regularly updated reviews and insights via its blog, and a platform that enables its customers looking to buy or sell used vehicles, thereby serving as a one-stop shop for customers looking to research vehicles.