Car Value Depreciation Rankings


Staff Report



Online used car dealership Carspring conducted a study to better understand the depreciation of car brands in the US. 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 US. The goal of the update is to give the public a view as to how cars lose value in the US versus other countries, as well as comparing how the top selling twelve brands in the US depreciate in value compared with one another.

Among the top 13 selling brands in the US; Ford retain the most value, 41.85% after 34,700 Miles. At the other end of the spectrum, Chevrolet calculates with a devaluation rate of 56.71% for the same usage.

Cars in the US are third to last in keeping value after 34,700 miles, behind New Zealand and the UK.

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 34,700 Miles versus the cost of the same model the year it was first out in the market.

Among the results:

  • The US is the the most affordable country to buy used cars worldwide
  • Singapore is the most expensive country to buy every model
  • Car depreciation varies significantly depending on the market

The 40 countries researched include the majority of the largest car producing nations, plus other countries of automotive interest, whilst brands were selected based on global popularity. Where no direct model comparison was available between nations, they identified comparable global models per brand and selected models with similar mileage and engines. With these conditions defined, they researched all used cars currently available in the market for each model, plus those sold in the past 12 months from hundreds of online outlets and brick and mortar retailers in 5 of the biggest cities in each market.

“The fluctuating value of used cars around the world has always mystified buyers and experts alike,” states Carspring’s Co-founder Maximilian Vollenbroich, “But we took it upon ourselves to make the complicated simple and present a snapshot of the current global value of used cars.”

Further findings include:

  • Singapore is the most expensive country to buy a used car for every model due to the country’s extremely high taxes on automobiles.
  • India is the most affordable country to buy a used General Motors Chevrolet / Opel / Vauxhall at an average price of $4,757.
  • Denmark is the second most expensive country to buy a used General Motors Chevrolet / Opel / Vauxhall at an average price of $15,435.
  • Bulgaria is the most affordable country to buy a used Renault vehicle at an average price of $8,251.
  • Denmark is the second most expensive country to buy a used Renault vehicle at an average price of $19,806.
  • Czech Republic is the most affordable country to buy a used Hyundai vehicle at $8,812.
  • Denmark is the second most expensive country to buy a used Hyundai vehicle at an average price of $19,631.
  • Canada is the most affordable country to buy a used Ford vehicle at an average price of $6,753.
  • Norway is the second most expensive country to buy a used Ford vehicle at an average price of $17,795.
  • Croatia and Slovakia are the most affordable countries to buy a used VW vehicle, tied at an average price of $10,212.
  • Denmark is the second most expensive country to buy a used VW vehicle at an average price of $22,627.
  • USA is the most affordable country to buy a used Fiat at an average price of $6,106.
  • India is the second most expensive country to buy a used Fiat in at an average price of $19,755.
  • Bulgaria is the most affordable country to buy a used Land Rover at an average price of $29,147.
  • India is the second most expensive country to buy a used Land Rover at an average price of $58,576.
  • Mexico is the most affordable country to buy a Mercedes at an average price of $16,844.
  • Denmark is the second most expensive country to buy a Mercedes at an average price of $42,438.
  • India is the most affordable country to buy a Pickup at an average price of $5,272.
  • Hungary is the second most expensive country to buy a Pickup at an average price of $34,434.
  • Latvia is the most affordable country to buy a Hybrid vehicle at an average price of $14,528.
  • Denmark is the second most expensive country to buy a Hybrid vehicle at an average price of $43,174.

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Staff Report

Information for this story was provided by Carspring.

Information for this story was provided by Carspring.