Peugeot drops its 508 sedan and sportswagon from its range
More on Peugeot, with the local importer announcing it has dropped the Peugeot 508 sedan and sportswagon from its line-up after a major revamp of its model portfolio moving forward. Dropping plug-in hybrid models in lieu of a new breed of petrol/electric hybrids and slowing the release of pure electric models due to poor demand. The Peugeot 508 arrived in 2018, a sedan and sportswagon with real French style and panache, later introducing plug-in hybrid variants with a substantial price penalty of around $17,000 over the pure petrol models yet offering only 55km of pure electric range. Just 53 508 models have been sold this year and the remaining stock is being sold off at huge discounts. Unfortunately, customers who paid full price for Peugeot 508 models in the last two years are going to take a big drop in resale values. I’m David Berthon.
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