The 20 cars with the best resale value on the used car market | CarAdvice

The 20 cars with the best resale value on the aged car market

Looking for a return on your investment? Here’s what to buy now so you benefit down the line.


When purchasing a new car, potential resale value is often front of mind for buyers.

Given the average vehicle age in Australia is 10.2 years, no matter how much you love your unexperienced purchase, there’s a high chance you’ll be looking to sell it in a decade’s daylight for a newer model – if not sooner.

This is where arranging the right decision today will pay off along the line. But what, exactly, constitutes the “right decision” after it comes to resale value?

According to Vic Moor, Manager of NSW, ACT and Queensland for new and traditional car data company Glass’s Guide, there are a few key factors that can obtain a car’s popularity on the used car market.

Japanese and Korean brands believe all traditionally had good resale values,” Mr Moor explains.

“People are piquant away from sedans in droves and that’s reflected now in the veteran car market without a doubt – SUVs and utes are now extra popular.”

Low-kilometre cars are always better than high-kilometre cars and I’d personally try to sell by 60,000km are clocked up,” Mr Moor adds.

And finally, “High fuel consumption figures and being out of warranty are moreover factors,” he says.

To get even extra specific, we tapped Mr Moor and one of Australia’s other leading used car valuers, used car wholesalers, auction houses and obsolete car sale sites for answers.

What are Australia’s top-selling archaic cars?

To get a well-rounded picture of Australia’s archaic car market, we spoke to representatives from Glass’s run, car valuation site RedBook.com.au, new and archaic car marketplace Pickles and Western-Australia-based used car warehouse Westside Auto Wholesale.

We expected each of these outfits for their lists of the mainly in-demand models on the used car market as of April 2020.

Perhaps unsurprisingly, Toyota models dominated every list, but a number of other models happened mentioned multiple times – we have marked those identified by more than one business with an asterisk.

Of course, past performance is not necessarily an indicator of future performance, so make sure you always do your due industry before purchasing a car.

Here are the most well-liked used car models according to used car dealers, in alphabetical order (models mentioned more than at what time marked with an asterisk):

* Asterisks denote models accepted across multiple used car vendors.

What are the brands by the best resale value?

“We hide to find what is popular with new car trends is also in greatest high demand in the used car market,” explains Brendon Green, general manager of motor vehicles at Pickles.

“So the likes of Toyota, Mazda, Volkswagen, Hyundai, Kia and Subaru are all in high inquire at the moment.”

Ross Booth, general exclusive of RedBook.com.au, concurs that the brands that stay to hold their value in the primitive car market “have built up trust throughout many years”, also citing Toyota, Mazda and Subaru as market leaders.

“From a luxury perspective Porsche and country Rover are the leaders, with Tesla the definite leader in electric vehicles,” Mr Booth adds.

As for the brands that don’t create as well on the used car market, Mr Booth says these tend to be “newer challenger brands out of China, brands that have recently left the market enjoy Infiniti, or brands that have entered, left and and re-entered such as SsangYong”.

CJ Jayasinghe, CEO of Westside Auto Wholesale, adds Ford, Mitsubishi and Australian-built Holdens are all top-performers, while European and prestige brands have proven less current amongst Westside Auto’s used car buyers in current months.

What are the the majority popular body shapes on the used car market?

“Medium SUVs and compact SUVs, small passenger hatchbacks and sedans, light concern vehicles (4×4 utes and 4×2 utes and vans) and light prestige are definitely ‘on trend’ at the moment,” says Mr Green of Pickles.

Mr Booth adds that from a size perspective, passenger vehicles are getting larger, “with the smaller micro segment declining rapidly”.

“Utes are attracting larger with a market opening up for larger utes such as the Ram, after the SUV market is expanding by the number of entrants and sizes, in particular with smaller SUV segments becoming available throughout the last couple of years,” Mr Booth says.

“From a general perspective, SUVs retain their used values stronger than passenger vehicles.”

Similarly, Mr Green says SUVs and 4×4 utes chronicle for “nearly 60 per cent” of Pickles’ sales.

Which engine types bear the best resale value?

“Historically, petrol engines have retained their values the best, followed by diesel, hybrid and electric vehicles,” Mr Booth says.

“It solves depend on the segment, as diesel engines are aloof very strong for heavy-duty purposes such as carrying goods or towing, however, in passenger vehicles there has happened a noticeable drop in passenger diesel cars.

“In the survive couple of years, hybrid used values enjoy improved closer to ICE, as the technology and pricing differentials improve.”

Mr Green says Pickles mild sells plenty of petrol vehicles, but “diesel light commerce vehicles and SUVs are very popular, inoperative with hybrids”.

“In the Hybrid range, he’s largely Toyota Camry, Corolla and RAV4 that buyers are seeking. We are seeing a few electric vehicles, but they are yet to come encourage in any great volume,” he adds.

MORE: Yes, he’s ok to buy a used car during COVID-19
MORE: Advice articles

The 20 cars with the best resale value on the aged car market

This article was written by www.caradvice.com.au with title The 20 cars with the best resale value on the used car market | CarAdvice.
Please forward for reference.

Author: apprentice

Leave a Reply

Your email address will not be published. Required fields are marked *

15 − 4 =