The Skoda Octavia vRS has increased in popularity over the last few years, with trade residual values for petrol and diesel versions rising in line with demand.
The following chart shows residual values (RV) for the Octavia vRS since 2016 for both petrol and diesel variants. The chart shows the RV for both petrol and diesel models increasing in this period. Petrol versions are seeing the biggest rise, from 50% in 2016 to 57% this year. The general rise in popularity of petrol cars is supporting this increase. Between 2017 and 2018 diesel RV’s saw a slight decrease but have since recovered.
The Octavia vRS models are much sportier in design than other models in the range, with the latest generation having a two-litre turbocharged petrol engine developing 242BHP or two-litre turbocharged diesel version with 180BHP. Although sporty in design, the Octavia vRS is still very practical, coming in saloon and estate body styles whilst offering large boot spaces and rear passenger legroom. Popular with company car drivers, the diesel version has a 25% benefit in kind rating, favourable compared to other cars in its segment, together with good fuel economy.
Overall, the Skoda brand continues to increase in popularity, kicked off by joining the Volkswagen Group in 1991. Produced by the Czech manufacturer since 1996, there have been three generations of the Octavia to date, selling approximately five million units in total. Currently around 40% of all new Skoda cars sold in the UK are Octavia, underlining their continued popularity.