- Study illustrates depreciation of car value globally, and by brand in the UK.
- Mini tops the ranking in the UK for retaining value longer, closely followed by Audi among 13 top selling brands.
- Of the top twelve brands researched, Toyota retains the least value.
- UK came in second to last in cars keeping value after 34700 Miles.
Online used car dealership Carspring conducted a study to better understand the depreciation of car brands in the UK. As part of a campaign released January 25th 2017, Carspring has conducted additional research to illustrate the actual devaluation percentage in each country as well as a depreciation ranking by brand in the UK. The goal of the update is to give the public a view as to how cars lose value in the UK versus other countries, as well as comparing how the top selling twelve brands in the UK depreciate in value compared with one another.
As conveyed in the table below, among the top 13 selling brands in the UK; Mini’s retain the most value, 46.08% after 56000 Km or 34700 Miles. At the other end of the spectrum, Toyota calculates with a devaluation rate of 74.59% for the same usage.
As illustrated in the table below, cars in the UK are second to last in keeping value after 56,000km or 34,700 miles, behind New Zealand and ahead of the US.
Methodology: For the devaluation percentage per country Carspring looked at the top selling car brands in the world and compared cars with an average use of 56000 Km or 34700 Miles (14000 KM per year) versus the cost of the same model the year it was first out in the market.
For the UK brand devaluation analysis we researched cars with an average use of 56000 Km or 34700 Miles (14000 KM per year) We looked at all models each of the brands rated in the UK for the past 5 years.
Data sourced from hundreds of online outlets, as well as brick and mortar retailers across all of the 5 biggest cities of each market. All data and currency exchange rate correct on 27th January 2017. VAT included in final costs.
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