Auto Express

The cars in Australia with the best resale value

Toyotas dominate the list of vehicles in Australia which hold their value the best, with some near-new models worth more on average than they cost new.

That’s according to data compiled by used car market data firm AutoGrab for the Australian Automotive Dealer Association’s January 2024 Automotive Insights Report.

This data takes into account both private and dealer sales, and is split into two age brackets: vehicles aged 2-4 years old, and those aged 5-7 years old.

This retained value figure shows how well a vehicle holds its value against the original recommended retail price (RRP) – a figure of 80 per cent, for example, means on average the vehicle sells for 80 per cent of its original RRP.

The vehicle with the highest average retained value isn’t a Toyota – it’s the Suzuki Jimny.

On average, Jimnys aged 2-4 years old retain 135.7 per cent of their value, likely due to demand outstripping supply for new models and driving up used prices.

Top 20 cars: 2-4 years old

The top 20 cars list is dominated by small hatchbacks and sedans, though there are some exceptions like the chart-topping Toyota 86 coupe (though curiously not its Subaru BRZ twin), and other enthusiast models like the Ford Mustang and Subaru WRX.

Top 20 SUVs: 2-4 years old

As mentioned, the Jimny is the standout here with its extremely high average retained value figure. However, three Toyota models also, on average, are worth more than they were new.

Top 20 cars: 5-7 years old

Looking at older vehicles, enthusiast models like the Ford Mustang and Toyota 86 feature again. They’re also joined by the Abarth 124, while popular performance versions of the Chrysler 300 and Ford Mustang may be responsible for their presence in the top 20.

Small, affordable vehicles take out the top spots on this list, however, with the long-running Mitsubishi Mirage boasting the highest retained value on average.

Top 20 SUVs: 5-7 years old

The top 20 SUV list for this age bracket looks quite similar to the 2-4-year bracket, though the Jimny is nowhere to be seen; the current, extremely popular generation arrived here in 2019.

Source by [author_name]


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button
Immediate Peak