Maintain onto your wallets in the event you’re driving an Audi This fall e-tron. Based on new knowledge, Audi’s electrical SUV is now formally the worst automotive for shedding worth within the UK, depreciating at a staggering 18.1% annually.
In truth, electrical automobiles are taking a severe hit throughout the board. The examine, performed by GAP Insurance coverage supplier ALA Insurance coverage, revealed that the highest three automobiles for worst worth retention are all electrical. Becoming a member of the This fall e-tron are the Volkswagen ID.3, dropping by 17.8% a yr, and the Jaguar I-Tempo at 17.3%.
It’s not all doom and gloom for everybody, although. If you wish to maintain extra of your automotive’s worth, you would possibly wish to take into account a Cupra Formentor as this modern SUV loses simply 2.5% yearly. In the meantime, BMW’s electrical i4 is shut behind, solely dropping 3.1% annually – making it the perfect electrical automotive for resale worth.
The best depreciating automotive fashions
Make | Mannequin | Av. Yearly Worth Loss |
Audi | This fall e-tron | 18.1% |
Volkswagen | ID. 3 | 17.8% |
Jaguar | I-Tempo | 17.3% |
Nissan | Leaf | 17.2% |
Tesla | Mannequin S | 17.1% |
BMW | 5 Sequence | 15.8% |
Mercedes-Benz | E-Class | 15.3% |
Vauxhall | Mokka Electrical | 15.1% |
Mini | Electrical | 15.0% |
Audi | A7 | 15.0% |
BMW | 1 Sequence | 14.9% |
Vary Rover | Sport | 14.8% |
BMW | 3 Sequence | 14.5% |
Hyundai | Tucson | 14.1% |
BMW | X3 | 13.9% |
Land Rover | Discovery Sport | 13.8% |
Tesla | Mannequin Y | 13.2% |
Nissan | Qashqai | 13.1% |
BMW | M3 | 13.0% |
Land Rover | Evoque | 12.9% |
Tesla | Mannequin 3 | 12.7% |
Mercedes-Benz | A-Class | 12.3% |
BMW | X1 | 12.3% |
Audi | RS6 | 12.3% |
Nissan | Juke | 12.2% |
Kia | e-Niro | 12.0% |
Lexus | UX | 11.8% |
Mercedes-Benz | GLA-Class | 11.5% |
Jaguar | XJR | 11.4% |
Land Rover | Discovery | 11.4% |
Mercedes-Benz | C-Class | 11.3% |
Vary Rover | Velar | 11.0% |
Jaguar | E-Tempo | 10.9% |
Audi | A3 | 10.7% |
Toyota | Yaris | 10.6% |
Mercedes-Benz | S-Class | 10.1% |
Kia | Sportage | 9.8% |
Lexus | NX | 9.6% |
Ford | Puma | 9.4% |
Tesla | Mannequin X | 9.3% |
Volkswagen | T-Roc | 9.2% |
Jaguar | F-Sort | 8.9% |
Volkswagen | Golf | 8.8% |
MG | HS | 7.9% |
Land Rover | Defender | 6.3% |
BMW | i4 | 3.1% |
Cupra | Formentor | 2.5% |
However it’s not simply particular person fashions that took a pounding on this examine – total automotive manufacturers have been put below the microscope too. Volkswagen emerged because the best-performing automotive make, with its fashions shedding simply 10.9% of their worth annually. On the flip facet, Nissan drivers might be in for a shock as their automobiles can depreciate by as much as 14.2%.
The best depreciating automotive makes
Make | Av. Yearly Worth Loss |
Nissan | 14.2% |
BMW | 13.4% |
Audi | 13.3% |
Tesla | 13.0% |
Mercedes-Benz | 12.1% |
Jaguar | 11.9% |
Land Rover | 11.4% |
Volkswagen | 10.9% |
Depreciation is a reality of life for automotive house owners, however this newest report highlights simply how briskly some automobiles drop in worth. Sometimes, a automotive loses most of its worth within the first few years, however ALA Insurance coverage discovered the perfect time to promote your automotive is across the four-year mark – that’s when the speed of depreciation slows to round 9% yearly, in comparison with a painful 14.6% within the third yr.
Talking on the examine, ALA Insurance coverage Founder and Managing Director, Simon England says:
“We needed to dig deeper on automotive worth retention of a few of the market’s hottest makes and fashions to assist motorists make extra knowledgeable choices in relation to buying their subsequent automotive. Whereas there are measures you may take to assist your automotive retain its worth like common servicing, avoiding extreme mileage and extra, automotive depreciation will all the time happen and it’s value being conscious of.
“Within the occasion your automotive is written off or stolen, GAP Insurance coverage is essential to be sure you retain your automotive’s full worth, regardless of any market depreciation. That is particularly essential in relation to automobiles with low worth retention, so in case your automotive is without doubt one of the fashions recognized in our examine it may very well be value exploring your choices.”