We all know it – after we buy a new car, its value over the years dramatically drops – but there are models that manage to retain more of their resale value than others.
According to a recent study made in the US by auto website CarGurus.com, when it comes to buying premium autos the customer should expect a huge loss of value over the years, while the well known rugged pickup trucks, famous for their sturdy construction – generally fare a lot better.
The research focused on the March 2013 to 2014 period, studying some 577 models that were in between the 2008 to 2012 model years. The median loss for any given model was of no less than 9.8% for the studied one-year period.
“Luxury cars tend to be loaded up with options, and we found that options do not hold value,” says Langley Steinert, founder of CarGurus.com. “When used car buyers go shopping they don’t care about (fancy) wheels and navigation. It’s about the year and mileage.”
Among the worst faring models we can find the 2010 BMW 3 Series, 2012 Mercedes-Benz E Series, 2008 Volvo XC90, 2009 Audi A4, 2009 Cadillac STS and 2012 Cadillac SRX.
On the other hand, the best models that retained their value were all from the 2012 model year (except for one, mentioned), starting with Chrysler’s 2012 Ram 1500 pickup. The list of 10 best models is as follows: Ram 1500; Nissan Titan; Dodge Charger; Ford F-150; Chevrolet Silverado 1500; Jeep Liberty; Ram 2500; 2008 Dodge Ram 2500; Jeep Wrangler and Chevrolet Tahoe.