There are no less than six cars currently on sale in the UK that will depreciate less than 10 per cent after the first three years of ownership.
Zutobi has revealed that whereas you won’t find a new car in the U.S. that doesn’t decline in value by at least 20 per cent in three years, cars in the UK retain their value much better. Leading the pack is the Mercedes-Benz A-Class Hatch which has a list price of £24,100 ($29,722) and after three years, is valued at an average of £22,887 ($28,226), representing a drop of just 5.03 per cent.
The Range Rover Sport also holds its value very well in its home market, depreciating an average of 5.88 per cent after 3 years from a list price of £64,760 ($79,868) to an average used price of £60,953 ($75,173). The third best vehicle on sale is the Jeep Wrangler with an 8.43 per cent depreciation rate, matched with the Mini 3-Door Hatch.
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A number of other cars retain their value surprisingly well. These include the Volkswagen Polo with a 9.28 per cent decline in value, the BMW M3 at 9.91 per cent, Volkswagen Golf (10.14 per cent), and Mercedes-Benz C-Class Estate and Porsche Cayman, both at 10.99 per cent.
On the other hand, there are plenty of cars in the UK that plummet in value as soon as they drive off the showroom floor. The Renault Zoe, for example, has a depreciation rate of 63.57 per cent, falling from £30,495 ($37,609) when new to just £11,109 ($13,700) after three years. The Peugeot 3008 isn’t far behind, plummeting in value by 62.52 per cent, followed by the MG ZS at 61.47 per cent, dropping from a £27,745 ($34,217) list price to an average used price of £10,690 ($13,183).
Other cars hit with huge levels of depreciation include the Audi A3 Sportback (61.47 per cent), Land Rover Defender (60.43 per cent), Nissan Leaf (51.31 per cent), Peugeot 2008 (51.31 per cent), Peugeot 508 (50.32 per cent), Mercedes-Benz E-Class Estate (49.34 per cent), and the Nissan Micra at 47.38 per cent.