|
|
Used car values hold surprises for buyers
publication date: Aug 27, 2010
We’ve all heard the saying that a new car loses a significant proportion of its value the moment you drive it off the lot.
But what about beyond that first ten minutes? Which cars hold their
value the longest and which are worth less when you pass them along to
their second owner?
Analysis by motoring AutoTrader.co.uk of leading cars in 2009 and prices
advertised on AutoTrader.co.uk in July 2010 highlights which of the
nation’s top vehicles have held their value best over the course of the
last year.
| Whilst the most popular car with British consumers, the
Ford Fiesta resale value drops substantially more than the Audi A3 (right) which
claims on a 7% drop from first hand to second between 2009 and 2010.
In
fact, Ford don’t fare particularly well when it comes to resale value
with the Focus coming in at number eight in the list, behind cars like
the Vauxhall Corsa (a 10% price drop) and the Honda Jazz (18%). |  |
Matt Thompson, Director of Marketing at AutoTrader.co.uk, says of the
results, “The analysis shows that residual value is not driven solely by
original price. The Audi A3’s original selling price in 2009 was
£16,085, not far from that of the number ten in our chart, the Vauxhall
Vectra at £16,815.
“The fact that 90% of the top ten have lost less than half their value
shows the potential of resale and, for those looking to buy a new car,
it offers reassurance that their vehicle will hold its value far beyond
the dealer’s lot.”
| Depreciation Index shows models that held their value the most over two years
| 1. Audi A3
2. Honda Jazz
3. Peugeot 207
4. Ford Fiesta
5. Vauxhall Corsa
6. VW Golf
7. Vauxhall Insignia
8. Ford Focus
9. Vauxhall Astra
10. Vauxhall Vectra
| 93pc
82pc
80pc
77pc
75pc
74pc
66pc
61pc
55pc
46pc |
Download the Wheels Within Wales toolbar for your quickest way to keep in touch with everything that's happening on Welsh roads and in showrooms or use our RSS feed for the headlines you will not want to miss
|
|
|
.gif){kind=small}