It is said that new cars begin losing value the minute they’re driven off the dealership. Cars depreciate; that’s just a matter of fact. Of course, the depreciation varies greatly depending on make and model. How much do German cars depreciate compared to other mainstream models?
The Truth About German Car Depreciation
We have heard of tales of German cars being notorious for their fast rate of depreciation. Is there any substance to this? According to a 2016 report by Car and Driver, no VW and Audi models made the top 10 list for best resale value. On the other hand, no models made the 10 worst list either.
In addition, the Audi A5 and Q7 topped the 10-best resale value list compiled by Autotrader. The A5 was listed due to its excellent resale value in the premium midsize car segment. The Q7 topped the same list for the SUV segment. Overall, this is pretty impressive considering that luxury cars are historically known for high depreciation rates.
The average car depreciates by 60% after five years of ownership. Some models, such as the Honda Civic and Ford Mustang, hold their value much better with depreciation rates at around 35%. Brands like Toyota, Jeep, and Honda tend to have the most models that retain the best value.
What this means is that German vehicles don’t have the best resale value. However, their depreciation rates don’t plunge like a crashing stock market as some have suggested.
Retain Your Car’s Value with Regular Maintenance
Bringing your car to Buttera Motors for a routine tune-up is one of the best ways to keep depreciation at bay. Our story as Kirkland’s German auto service station explains why we are the go-to crew for Audi and VW repairs. German car depreciation depends largely on how well you care for the vehicle on your end.
Edited by Justin Vorhees
German Car Maintenance in the Kirkland Region
VW and Audi service in Bothell, Bellevue, Kirkland, Kenmore, Redmond & Woodinville