Resale values: We name best and worst

Comment on this story


IOL mot jan27 porsche 911 carrera

.

2010 Porsche 911 Carrera retained 84.3 percent of its value in the last year.

Perceptions tend to create their own reality, and when it comes to cars, opinions can get very vociferous.

How many times have you heard someone say they’ll never buy “Brand A” because of its poor resale value? And the more times you hear it repeated the more firmly entrenched the perception takes hold, even though you might have never owned a car from that particular brand.

In many cases the perceptions are right on the mark, but not always. Would it surprise you to hear, for instance, that there are certain Alfa Romeos and Renaults that have better resale values than certain Toyotas? Scandalous, you might shout ... unthinkable! But true, according to the TransUnion Auto Dealers’ Guide, that little book car dealers always flip through before gravely pronouncing what trade-in they’ll offer on your used car.

To separate fact from perception, here is a random sampling, taken from the latest Auto Dealers’ Guide, of the value-retention of a list of new 2010-model cars after one year.

Although most people hang onto their cars for at least four years, we decided not to do the exercise over this period because many a car that was on the market in 2007 has since been replaced by a new-generation model.

We wanted to focus on cars that you can buy new today, and in any case it’s in the first year that a vehicle’s value goes through its steepest decline.

The general trend is for cars to drop between 20 and 25 percent of their value in the first year, which means they’re worth between 75-80 percent of their original value.

Porsche is the brand with the highest value retention, particularly the 911 which is still worth nearly 85 percent of its original value after a year. Less successful value retainers are in the low seventieth percentile, while some cars even dip into the sixties.

As you can see by the list, trade-in values aren’t always brand-specific but can vary greatly according to model (Alfa Romeo being a prime example).

Our list is a random sampling of 2010 models, their original purchase price, their current trade-in value and what percentage of their original value this represents. Bear in mind that the trade-in values listed here are basic guidelines, and will vary according to the car’s mileage, condition, and regional popularity among other factors.

 

(Original price) Current trade-in - % of original value

Alfa Romeo Mito 1.4: (R248 022) R193 100 - 77.9%

Alfa Romeo 159 1.9 JTS: (R303 500) R195 300 - 64.3%

Audi A3 1.8TFSI: (R283 675) R223 100 - 78.6%

Audi A4 1.8 T: (R328 180) R260 900 - 79.5%

BMW 320i: (R313 899) R248 500 - 79.2%

BMW X5 3.0D: (R657 500) R537 300 - 81.7%

Chana Benni 1.3: (R79 900) R58 400 - 73.1%

Chevrolet Spark 1.0: (R106 550) R79 000 - 74.1%

Chevrolet Cruze 1.8: (R214 600) R165 400 - 77.1%

Chery QQ3 0.8: (R69 900) R53 700 - 76.8%

Chrysler 300C 3.5 (R431 015) R312 300 - 72.5%

Citroen C3 1.6: (R148 500) R94 700 - 63.8%

Citroen C4 1.6: (R185 000) R130 300 - 70.4%

Daihatsu Sirion 1.3: (R139 995) R106 500 - 76.1%

Dodge Caliber 1.8: (R206 900) R154 800 - 74.8%

Fiat Bravo 1.4 T-Jet: (R252 100) R192 500 - 76.4%

Ford Fiesta 1.6i: (R201 600) R159 500 - 79.1%

Ford Focus 1.8: (R196 910) R148 400 - 75.4%

Honda Jazz 1.5i: (R198 550) R158 300 - 79.7%

Honda Accord 2.4: (R346 766) R275 300 - 79.4%

Hyundai Getz 1.4: (R147 400) R117 400 - 79.6%

Hyundai Elantra 2.0: (R201 900) R153 200 - 75.9%

Jaguar XF 3.0: (R565 000) R455 100 - 80.5%

Jeep Cherokee 2.8 CRD: (R382 900) R304 900 - 79.6%

Jeep Grand Cherokee 3.0 CRD: (R517 126) R393 500 - 76.1%

Kia Picanto 1.1: (R102 995) R81 700 - 79.3%

Kia Cerato 2.0: (R205 995) R159 800 - 77.6%

Land Rover Freelander 2.2 TD4: (R489 995) R357 800 - 73%

Land Rover Discovery TDV6: (R750 995) R596 700 - 79.5%

Lexus IS250: (R395 800) R307 100 - 77.6%

Lexus RX450H: (R785 400) R598 700 - 76.2%

Mazda3 1.6: (R236 440) R180 100 - 76.2%

Mazda5 2.0: (R251 430) R195 300 - 77.7%

Mercedes A180 CDI: (R274 523) R214 400 - 78.1%

Mercedes C200K: (R354 400) R277 400 - 78.3%

Mercedes E350 CDI: (R632 000) R504 500 - 79.8%

Mitsubishi Lancer 2.0: (R241 413) R179 700 - 74.4%

Mitsubishi Pajero 3.2 Di-D: (R594 000) R453 400 - 76.3%

Mini Cooper 1.6S: (R290 723) R221 900 - 76.3%

Nissan Micra 1.4: (R163 500) R107 300 - 65.6%

Nissan Tiida 1.6: (R186 700) R138 300 - 74.1%

Nissan Xtrail 2.0 4x2: (R288 900) R218 800 - 75.7%

Opel Corsa 1.4: (R162 350) R126 200 - 77.7%

Peugeot 207 1.6: (R200 000) R149 100 - 74.6%

Peugeot 308 1.6: (R197 500) R145 900 - 73.9%

Porsche Boxster 2.9: (R565 000) R461 600 - 81.7%

Porsche 911 Carrera: (R955 000) R804 600 - 84.3%

Renault Sandero 1.6: (R119 900) R93 500 - 78%

Renault Clio 1.2 Va Va Voom: (R117 000) R86 800 - 74.2%

Ssangyong Actyon XDi 4x4: (R259 995) R185 500 - 71.3%

Subaru Impreza 2.5 WRX: (R331 000) R257 900 - 77.9%

Subaru Forester 2.5: (R314 000) R243 000 - 77.4%

Suzuki Swift 1.5: (R144 900) R112 900 - 77.9%

Suzuki Grand Vitara 2.4: (R322 900) R246 500 - 76.3%

Tata Indica 1.4: (R89 995) R66 900 - 74.3%

Toyota Yaris T3: (R171 500) R130 600 - 76.2%

Toyota Corolla 1.6: (R204 200) R159 900 - 78.3%

Toyota Fortuner D-4D 4x4: (R417 300) R338 100 - 81%

Volkswagen Golf GTi: (R322 050) R254 100 - 78.9%

Volvo C30 T5: R308 000 (R234 700) - 76.2%

Volvo XC90 D5: (R568 900) R442 300 - 77.7%

 

Source: TransUnion Auto Dealers' Guide


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Fred, wrote

IOL Comments
12:10pm on 28 January 2011
IOL Comments

When are we ( yes You!) going to get the industry to take on all the duties,taxes etc,, charged to new vehicles reduced, as we are paying far more for what in the country is 'essential' transport, than any other country!

Report this

IOL Comments

Anonymous, wrote

IOL Comments
11:56am on 28 January 2011
IOL Comments

These trade-in values are a joke because in reality you will never get these values if you try it yourself!!!!

Report this

IOL Comments

Gerrit, wrote

IOL Comments
11:54am on 28 January 2011
IOL Comments

Good luck to anyone who thinks he or she is going to get these prices for ANY of these cars!

Report this

IOL Comments

Anonymous, wrote

IOL Comments
11:54am on 28 January 2011
IOL Comments

These trade-in values are a joke because in reality you will never get these values if you try it yourself!!!!

Report this

IOL Comments

Anonymous, wrote

IOL Comments
11:31am on 28 January 2011
IOL Comments

Problem is in most cases that the Dealers do not offer you close to this indicated amounts which means that the values is in fact much lower especially when it comes to trade in you vehicle.

Report this

IOL Comments

Anonymous, wrote

IOL Comments
08:57am on 28 January 2011
IOL Comments

What useless information......we are still screwed in this country with high car prices and then the continous cycle of a motorplan that enslaves you...so as soon as the motoplan has terminated it forces you to into debt again to buy another car or pay the high service price out off yor pocket, makes you wonder who is behind all this?...has anyone ever looked onto this? You never actually buy a car...only a cycle of motorplans...year in and year out !!!

Report this

IOL Comments

Anonymous, wrote

IOL Comments
08:56am on 28 January 2011
IOL Comments

@Gf60, yes who are they trying to fool, do the sums when the motor plan expired. LOL

Report this

IOL Comments

Karl, wrote

IOL Comments
08:54am on 28 January 2011
IOL Comments

Why does transunion not make this information freely available. You have to pay them to get the value of a car that you are checking out. You have no idea if you are being overcharged. The only way to see the approximate value is checking autotrader and seeing the average for the model.

Report this

IOL Comments

Gf60, wrote

IOL Comments
08:08am on 28 January 2011
IOL Comments

Now make it a useful analysis and do the sums for 4 year old cars.

Report this

IOL Comments

ZAIN, wrote

IOL Comments
07:39am on 28 January 2011
IOL Comments

i wonder if that figures in that book are correct?? what we talking here, trade in or resale? i think that book should be scraped, lots of other countries don't have this rip off system.whether you buy or sell a car, it should be market related.if sell a car people want, then they should pay for it.

Report this

IOL Comments

ray, wrote

IOL Comments
07:38am on 28 January 2011
IOL Comments

except that dealers misuse this guide and tend to give you 10k below trade and put it on the floor at 10k above retail. Then they make you feel special when they give 5k discount.

Report this

IOL Comments

runningman, wrote

IOL Comments
11:19pm on 27 January 2011
IOL Comments

refuse to buy a new car...here where i live in the ME, all the cars are 50% cheaper than in the RSA...i drive a pajero 2005, agency maintained, and i will be lucky to get R60 000 on a sale here...i will have to sttle for R45000 for a factory maintained Mitsubishi Pajero 2005...go figure ...and in sa, you talking about R300 000...for the same thing... now who is the fool?

Report this

IOL Comments

Anonymous, wrote

IOL Comments
11:04pm on 27 January 2011
IOL Comments

Of more interest to me is what these cars then sell for - even if it depreciates 25%, some of these cars will only sell for 10% less than a new model, some of them maybe (hopefully) a lot less.

Report this

IOL Comments

Cactus Joe, wrote

IOL Comments
06:39pm on 27 January 2011
IOL Comments

Unfortunately, I don't think the top performer is such a good performer at all: Porsche 911 Carrera: (R955 000) R804 600 - 84.3% That is a loss of R153 400 in a year - quite a whopping sum. Even if I had the money, I don't think I would want to throw that much away.

Report this

IOL Comments

Anonymous, wrote

IOL Comments
06:22pm on 27 January 2011
IOL Comments

I still feel that the vehicles in the survey should be slightly older. Maybe 2 years? It's a well-known fact that a car loses value the moment you drive it off the showroom floor. All these models show an average of 20% loss. Is that accurate?

Report this

IOL Comments

Anonymous, wrote

IOL Comments
05:59pm on 27 January 2011
IOL Comments

Koop maar 'n Fortuner, hy kan darem die slegte paaie ry en nog 81% teruggee!

Report this

IOL Comments

Andy H., wrote

IOL Comments
05:09pm on 27 January 2011
IOL Comments

Note to self... buy 1-year old car. Do not buy the hype. *Bashes head into wall until message is imprinted on forehead*

Report this

IOL Comments

Showing items 1 - 17 of 17

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory