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Jaguars best for holding value
publication date: Sep 26, 2009
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author/source: Robin Roberts
Jaguar used car values are holding up best in Britain, according to analysis of retail prices by the magazine Used Car Expert.
This research is based on over 800,000 cars on sale at retail - not trade auction - over the last 3 months.
Editor
Matthew Tumbridge debunked the myth that all used car prices have shot
up, "Recent press releases have talked about a dramatic rise in used
car prices. At trade auctions this is true.
"But we are the only
people to calculate prices based on retail asking prices and we can
reveal these rises have not all made it through to the forecourt. While
auction prices are up from their low of £4,743 average purchase price
for a used car to £6,223, our data shows that retail prices are
relatively steady at around £7,300, which is similar to their price a
year ago.
"If consumers move fast, and do their research, they can
still grab a bargain before prices shoot up. Which they look likely to
do if auction prices continue as they have been."
Tumbridge
continued, "Used Car Expert readers keep telling us how they are using
our information to pick up bargains. Only yesterday, because they had
done their research correctly, a customer told us how they secured a
£1,500 discount from a Peugeot main dealer."
He went on to urge
caution, "While these deprecation figures are a great top line guide to
help car buyers whittle down their short list. When it comes to buying
a car, they need to look at each year's current average depreciation
and compare different engines and specifications.
"Then they can
make an informed decision about what fuel, engine size and
specification will cost least to own, plus they will know when to buy
and sell. We've tried to make this as easy as possible with our
magazine design that puts similar cars next to each other and gives
deprecation for every model and every year."
The latest edition of
Used Car Expert magazine has picked the top 5 family buys, based on
this more detailed approach, and advises car buyers when to buy and
sell those models to minimise depreciation. | | |
| The top ten worst performing 3 year old family cars for depreciation are: | Make
| Model
| Retained value (pc) | Skoda
| Superb
| 46 | | Citroën | C5 | 49 | Kia
| Magentis
| 53 | Ford
| Focus
| 53 | Peugeot
| 307
| 54 | Volvo
| S80
| 56 | Mitsubishi
| Lancer
| 57 | Saab
| 9-5
| 57 | Vauxhall
| Signum
| 58 | Honda
| Accord
| 58 |
| The top ten best performing 3 year old family cars for depreciation are: | | Make | Model
| Retained value (pc) | Jaguar
| S-Type
| 89 | | Jaguar | XF
| 87 | Volvo
| V50
| 80 | Citroën
| C8
| 79 | | Fiat | Bravo
| 79 | Volkswagen
| Beetle
| 79 | | Lexus | IS
| 78 | | Toyota | Auris
| 77 | | Subaru | Outback
| 77 | | BMW | 5-Series
| 76 |
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