Study Reveals: Car Brands Which Best Retain Value in the US

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Car Value Depreciation Ranking

Study illustrates depreciation of car values globally, and by brand in the US.

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Ford tops the ranking in the US for retaining value longer, closely followed by Toyota among 13 top selling brands.

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Of the top 13 brands researched, Chevrolet retains the least value.

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US came in third to last in cars keeping value after 34700 Miles.

London, United Kingdom, 01/02/2017 - Online used car dealership Carspring (https://www.carspring.co.uk/) conducted a study (https://www.carspring.co.uk/global-used-car-price-index/) 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.

As conveyed in the table below, among the top 13 selling brands in the US; Ford retain the most value, 41.85% after 56000 Km or 34700 Miles. At the other end of the spectrum, Chevrolet calculates with a devaluation rate of 56.71% for the same usage.

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As illustrated in the table below, cars in the US are third to last in keeping value after 56,000km or 34,700 miles, behind New Zealand and the UK.

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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. For models, brands and other factors visit the results landing page here. (https://www.carspring.co.uk/global-used-car-price-index/)

This data is a follow up of the 2017 Used Car Price Index by Car Spring released in January 25th Press Release Below

Global Used Car Price Index 2017

Study by Carspring reveals the sharp difference in the value of used automobiles around the world.

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The US is the the most affordable country to buy used cars worldwide

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Singapore is the most expensive country to buy every model

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Car depreciation varies significantly depending on the market

London, United Kingdom, 25/01/2017 - Online used car dealership Carspring (https://www.carspring.co.uk/) conducted a study to better understand the depreciation of second-hand cars around the globe. While comparing the value of used cars between nations is known within the industry to be a challenge, Carspring have made it their mission to understand the global market and to offer transparency on the subject for the public. The Global Used Car Price Index 2017 (https://www.carspring.co.uk/global-used-car-price-index/dollar/) offers an insightful overview of the value of various brands across different economic regions and car markets.

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.

For the full methodology and results of the study with the interactive table of findings, please go here. (https://www.carspring.co.uk/global-used-car-price-index/dollar/)

“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.�??

The results for *|Country|* are as follows:

*|Country|* ranked *|#|* overall

Car Type

Price

Ranking

Car Type

Price

Ranking

GM

*|GM - (Chevrolet / Opel / Vauxhaull)|*

*|2 GM - (Chevrolet / Opel / Vauxhaull)|*

Fiat

*|Fiat |*

*|2 Fiat |*

Renault

*|Reno|*

*|2 Reno|*

Land Rover

*|Land Rover|*

*|2 Land Rover|*

Hyundai

*| Hyundai |*

*| 2 Hyundai |*

Mercedes

*|Mercedes|*

*|2 Mercedes|*

Ford

*|Ford |*

*|2 Ford |*

Pickup

*|Pick-up (Nissan) - (toyota)|*

*|2 Pick-up (Nissan) - (toyota)|*

VW

*|VW |*

*|2 VW |*

Hybrid

*|Toyota (Prius)|*

*|2 Toyota (Prius)|*

NB: As Renault is not available in the US and Canada, the Renault column is ranked out of 38.

The overall findings of the 2017 Used Car Price Index (https://www.carspring.co.uk/global-used-car-price-index/dollar/) are as follows:

Top 5 Most Affordable

Top 5 Most Expensive

Country

Ranking

Country

Ranking

USA

1

Singapore

40

UK

2

Denmark

39

Russia

3

Norway

38

Czech Rep.

4

Finland

37

South Africa

5

Turkey

36

> Full list of results (https://www.carspring.co.uk/global-used-car-price-index/dollar/) <

Further findings include:

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Singapore is the most expensive country to buy a used car for every model due to the country’s extremely high taxes on automobiles.

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India is the most affordable country to buy a used General Motors Chevrolet / Opel / Vauxhall at an average price of $4,757.

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Denmark is the second most expensive country to buy a used General Motors Chevrolet / Opel / Vauxhall at an average price of $15,435.

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Bulgaria is the most affordable country to buy a used Renault vehicle at an average price of $8,251.

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Denmark is the second most expensive country to buy a used Renault vehicle at an average price of $19,806.

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Czech Republic is the most affordable country to buy a used Hyundai vehicle at $8,812..  

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Denmark is the second most expensive country to buy a used Hyundai vehicle at an average price of $19,631.

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Canada is the most affordable country to buy a used Ford vehicle at an average price of $6,753.  

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Norway is the second most expensive country to buy a used Ford vehicle at an average price of $17,795.

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Croatia and Slovakia are the most affordable countries to buy a used VW vehicle, tied at an average price of $10,212.

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Denmark is the second most expensive country to buy a used VW vehicle at an average price of $22,627.

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USA is the most affordable country to buy a used Fiat at an average price of $6,106.

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India is the second most expensive country to buy a used Fiat in at an average price of $19,755.

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Bulgaria is the most affordable country to buy a used Land Rover at an average price of $29,147.

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India is the second most expensive country to buy a used Land Rover at an average price of $58,576.

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Mexico is the most affordable country to buy a Mercedes at an average price of $16,844.

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Denmark is the second most expensive country to buy a Mercedes at an average price of $42,438.

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India is the most affordable country to buy a Pickup at an average price of $5,272.

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Hungary is the second most expensive country to buy a Pickup at an average price of $34,434.

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Latvia is the most affordable country to buy a Hybrid vehicle at an average price of $14,528.

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Denmark is the second most expensive country to buy a Hybrid vehicle at an average price of $43,174. .

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Contact Ricky@abcd.agency for more information

Quote 2: “At 2nd overall, the UK currently has a comparatively favourable position in the study.�?? States Carspring's Co-founder Maximilian Vollenbroich, "but with a hard Brexit on the horizon, the future of the UK Automobile market remains unclear.�??

Publishers are allowed to publish this data and graphics; we kindly ask that you give credit and link to the source: https://www.carspring.co.uk/global-used-car-price-index/dollar/.

About Carspring: Carspring is an online used car dealership, launched in May 2015, on a mission to make buying a used car simple and stress-free. With Carspring, you log online, find your car and spread the cost with a monthly payment plan. The company then delivers an RAC-approved used car directly to your door, wherever you live in the UK. It’s buying used cars, without bad surprises.

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