Used Cars that Keep their Value

Used car prices are surging! On the back of limited new car production and people shunning public transport, many car owners are surprised to find out that many used car models are keeping their value.

What Brands keep their resale value?

Toyota

It would come as no surprise that Toyota vehicles retain their resale value. Last year Toyota had 3 of the top 5 selling cars in Australia. Toyota has been long known to create high quality cars that are reliable. Whether you own a Toyota hatchback, Sedan, 4x4 or SUV you will find the value remains steady dependent on the condition and age.

Mazda

One brand that’s currently dominating the car resale market is Mazda. Having produced reliable cars for the last thirty years, Australian second-hand car buyers are quick to snap up any Mazda model that come on the market. The most popular Mazda’s that hold a high resale value are the family friendly CX SUV range and the Mazda 3.

Ford

On the performance side of things, Ford is a brand that enjoys incredible resale value. Australia’s most popular car the Ford Ranger is one of the most in demand vehicles right now. If own a Ford Vehicle, you will be able to get some great offers.

By looking at these brands first, you should be able to find a great car that is going to both suit your needs now, and still hold a value for you in the future.

What are the most popular used car models?

What car body types are in the most demand?

4X4 and SUV models are in constant demand, last year there were over 400,000 4X4 and SUVs sales in Australia. To put it simply Australian’s want a large vehicle with multiple purposes! As noted by Pickles Auctions almost 60 percent of used car sales are either a 4X4 or an SUV.

What engine type keeps the best value?

Currently Petrol car engines keep the best value, followed by diesel and hybrid. However with the rise of electric vehicles, the hybrid engines are starting to see increased value numbers. 

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Final Word

As used car prices continue to surge it is so important you research what you want from your next car, what the primary use of the car is and how much you can get if you decide to sell it sometime in the future.

By looking at the brands and models mentioned, you should be able to find a great car that is going to both suit your needs now, and still hold a high value for you in the years to come.

About Shop for Cars,

Shop for Cars is Australia’s first car dealership-only online classified. Shop for Cars brings you the best quality new and used vehicles from trusted motor dealers Australia wide. Shop for Cars currently has over 12,500 cars listed for sale all from licensed Motor Vehicle Dealers ONLY.

Click here to begin your search.

DISCLAIMER: This is all based on opinion please research and consult with all relevant parties to make the best buying decision.

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