13 POPULAR USED CARS DEPRECIATE BY 30%, WHILE ONE CAR GAINS VALUE
● Thirteen used car models saw their value plummet by 30% or more between one and three years, including the Vauxhall Astra and Ford Focus.
● The Honda Jazz is the car most resistant to depreciation, and actually gains value in the short-term.
● AA Lease are urging motorists to take the costs of depreciation into account when considering buying a new or used vehicle
Thirteen of the most popular used cars see their value plummet by more than 30% in two years, our analysis shows [1].
We compared the average price of the most popular car model at one, three and five years old, and found which vehicles had lost the most of their value in that time.
The Land Rover Range Rover Sport was worth £80,891 on average at one year old, but this dropped 46% to £43,455 - a loss of £37,436 - at three years old. A five-year-old model was worth only £36,385 - a 55% decrease compared with its value at one year old.
Both the Vauxhall Astra and Kia Sportage lost 41% of their value between years one and three, and the BMW X1 fell 38%. The Kia Niro, Volkswagen Transporter, Toyota Corolla, Toyota Hilux, Nissan Qashqai and Ford Focus made up the top ten of cars losing the most value in these two years.
TABLE: The ten used cars losing the most value between years one and three
|
Rank |
Make and model |
Average price at one year old |
Average price at three years old |
Three year change |
Average price at five years old |
Five year change |
|
1 |
Land Rover Range Rover Sport |
£80,891 |
£43,455 |
-46% |
£36,385 |
-55% |
|
2 |
Vauxhall Astra |
£20,083 |
£11,749 |
-41% |
£9,870 |
-51% |
|
3 |
Kia Sportage |
£29,429 |
£17,496 |
-41% |
£15,401 |
-48% |
|
4 |
BMW X1 |
£35,154 |
£21,921 |
-38% |
£17,199 |
-51% |
|
5 |
Kia Niro |
£25,470 |
£16,591 |
-35% |
£13,000 |
-49% |
|
6 |
Volkswagen Transporter |
£36,902 |
£24,079 |
-35% |
£21,048 |
-43% |
|
7 |
Toyota Corolla |
£23,981 |
£16,221 |
-32% |
£13,720 |
-43% |
|
8 |
Toyota Hilux |
£39,050 |
£26,482 |
-32% |
£18,068 |
-54% |
|
9 |
Nissan Qashqai |
£24,485 |
£16,794 |
-31% |
£13,057 |
-47% |
|
10 |
Ford Focus |
£21,711 |
£14,904 |
-31% |
£11,672 |
-46% |
Over five years, the Toyota Hilux loses the most value after the Range Rover Sport, plunging 54% in value over that period. The Peugeot 208, BMW X1, Dacia Sandero and Vauxhall Astra all lost 51% of their value in that time.
The Honda Jazz is the car most resistant to depreciation, and actually gains value in the short-term. The value of a three-year-old Jazz is £15,813 on average - 3% higher than the price of a one-year-old model, £15,402. And a five-year-old Jazz only loses 18% of its value compared with a one-year-old vehicle.
TABLE: The ten used cars holding the most value between years one and three
|
Rank |
Make and model |
Average price at one year old |
Average price at three years old |
Three year change |
Average price at five years old |
Five year change |
|
1 |
Honda Jazz |
£15,402 |
£15,813 |
3% |
£12,601 |
-18% |
|
2 |
Hyundai i10 |
£13,980 |
£12,267 |
-12% |
£9,092 |
-35% |
|
3 |
Toyota Yaris |
£17,140 |
£15,002 |
-12% |
£11,415 |
-33% |
|
4 |
Kia Picanto |
£14,076 |
£11,868 |
-16% |
£9,675 |
-31% |
|
5 |
Audi A1 |
£20,656 |
£17,283 |
-16% |
£15,430 |
-25% |
|
6 |
Volkswagen Polo |
£17,740 |
£14,691 |
-17% |
£12,382 |
-30% |
|
7 |
Nissan Juke |
£18,032 |
£14,682 |
-19% |
£11,195 |
-38% |
|
8 |
Peugeot 208 |
£16,939 |
£13,603 |
-20% |
£8,279 |
-51% |
|
9 |
Peugeot 3008 |
£23,458 |
£18,514 |
-21% |
£14,470 |
-38% |
|
10 |
Fiat 500 |
£12,135 |
£9,574 |
-21% |
£8,680 |
-28% |
We recently joined forces with the UK's leading lease brokerage Wessex Fleet to relaunch AA Lease offering a much wider choice to drivers wanting to lease a vehicle instead of buying.
We are asking that motorists consider the cost of depreciation when deciding on whether to buy a new or used car.
Martin Smith, Head of AA Lease comments: "Many drivers are aware of the dangers of depreciation with new cars, but it's important to remember that many second-hand vehicles can lose their value equally quickly.
Anyone worried about losing large amounts of their hard-earned cash on a car should consider whether leasing is a viable option for them.
"Lease payments can often be lower than the loan repayment on a new or used car purchase, and you're protected by a warranty for the whole time you have the car."