Used Cars With The Most Value 2023/2024
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The used used cars that increased the most in value in September and those that fell furthest year on year.
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The Vauxhall Anara showed the sharpest appreciation in value year on year, up 20.4% to $5,470.
It was closely followed by the Renault Scenic, which rose 18.9% year on year to $6,315,
In third slot was the Alfa Giulietta which rose 16.5% to $9,463 followed in fourth place by the Peugeot Partner Tepee which, up 11.6% to $9,781. The Dacia Sandero rose 11.2% to $8,219.
The car to show the biggest decline in value in September was the MINI Electric, which fell 24.9% to $23,514. It was followed by the Peugeot e-208 which fell 23.9% year on year.
In third slot was the Porsche Taycan, down 22.7% to $90,455, Vauxhall Corsa-e, -19.7% to $19,866 and Hyundai IONIQ, -16.8% to $16,830.
Top 10 used car price growth (all fuel types) | September MtD (up to 14th) 2023 vs September 2022 like-for-like
Ranks | Model | Sept 23 MTD | Price Change | Price Change | |
1 | Antara | $5,470 | 20.4% | 11.3% | |
2 | Renault | Scenic | $6,315 | 18.9% | 9.4% |
3 | Alfa Romeo | Giulietta | $9,463 | 16.5% | 10.7% |
4 | Peugeot | Partner Tepee | $9,781 | 11.6% | -2.0% |
5 | Dacia | Sandero | $8,219 | 11.2% | 0.1% |
6 | Hyundai | ix20 | $8,990 | 11.1% | 1.8% |
7 | Hyundai | i30 | $10,326 | 10.9% | -1.4% |
8 | Volkswagen | up! | $8,889 | 9.9% | -1.2% |
9 | Fiat | Panda | $6,295 | 9.7% | -1.4% |
10 | Mitsubishi | ASX | $11,779 | 9.5% | 0.5% |
Top 10 used car price contraction (all fuel types) | September MtD (up to 14th) 2023 vs September 2022 like-for-like
Rank | Make | Model | Sept MtD 23 | Price Change | Price Change |
10 | Volvo | XC40 | $30,765 | -9.9% | -1.1% |
9 | Hyundai | KONA | $19,733 | -10.9% | 0.0% |
8 | Toyota | C-HR | $21,404 | -11.0% | -1.0% |
7 | Toyota | Corolla | $19,893 | -11.1% | -1.0% |
6 | DS AUTOMOBILES | DS 3 CROSSBACK | $17,334 | -12.1% | -0.6% |
5 | Hyundai | IONIQ | $16,830 | -16.8% | -1.3% |
4 | Vauxhall | Corsa-e | $19,866 | -19.7% | 1.6% |
3 | Porsche | Taycan | $90,455 | -22.7% | -0.8% |
2 | Peugeot | e-208 | $20,814 | -23.9% | -0.2% |
1 | MINI | Electric | $23,154 | -24.9% | -2.3% |
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New data from Auto Trader shows that there has been a surge in the value of certain used vehicles in the past year.
The Vauxhall Anara showed the the best used cars biggest increase in value, rising by 20.4% to $5,470.
The Renault Scenic was a close second, rising by 18.9% year on year to $6,315.
The Alfa Romeo Giulietta came third, rising by 16.5% to $9,463, followed by the Peugeot Partner Tepee in fourth place with an increase of 11.6% to $9,781.
Other vehicles that saw an increase in value in September include the Dacia Sandero, which rose 11.2% to $8,219.
However, there were also certain vehicles that experienced a decrease in value, including the MINI Electric, which fell by 24.9% to $23,514.
The Peugeot e-208′
fell by 23.9% year on year, and the Porsche Taycan fell by 22.7% to $90,455.
The Vauxhall Corsa-e fell by 19.7% to $19,866 and the Hyundai IONIQ fell by 16.8% to $16,830.
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Title: Used Cars With the Most Value in 2023/2024:
A Comprehensive Guide
Introduction:
In the fast-paced world of automobiles, buying a used car with great value can be a challenging task. As we move towards 2023 and 2024, it becomes crucial to explore the used car market to identify vehicles that offer exceptional value-for-money propositions. This essay aims to provide an in-depth analysis of the top used cars that will retain their value and offer a rewarding ownership experience in the coming years.
I. Factors Influencing the Value of Used Cars:
Before delving into specific models, it is essential to understand the factors that contribute to the value of used cars. These factors include:
1. Reliability: Cars known for their reliability tend to hold their value better over time due to reduced maintenance costs and longer lifespans.
2. Resale Value: Certain brands and models have a reputation for retaining a higher percentage of their original value when resold.
3. Depreciation Rate: Cars that experience slower depreciation rates tend to be more valuable in the used car market.
4. Fuel Economy: Rising fuel prices make fuel-efficient vehicles more attractive to buyers, increasing their value in the used car market.
II. Top Used Cars with Great Value in 2023/2024:
1. Toyota Corolla:
Known for its reliability, the Toyota Corolla has been a consistent best-seller in the automotive industry. The Corolla’s excellent fuel efficiency, affordable maintenance costs, and high resale value make it a top choice for used car buyers.
2. Honda Civic:
The Honda Civic has long been acclaimed for its reliability, durability, and longevity. Its strong brand reputation, fuel efficiency, and wide availability of spare parts contribute to its value retention over the years.
3. Subaru Outback:
A practical and versatile option, the Subaru Outback offers impressive off-road capabilities combined with decent fuel efficiency. Its resilient build quality, all-wheel drive system, and spacious interior make it an attractive choice, especially for those living in regions with harsh weather conditions.
4. Ford F-150:
As one of the best-selling trucks in America, the Ford F-150’s popularity contributes to its strong resale value. Renowned for its towing capacity, durability, and versatility, the F-150 remains a favorite among used truck buyers.
5. Lexus RX:
If you’re looking for a luxury SUV with great value, the Lexus RX should be on your radar. Known for its reliable performance, luxurious interiors, and advanced safety features, the RX appeals to used car buyers seeking a blend of luxury and dependability.
6. Mazda CX-5:
With its striking design, enjoyable driving dynamics, and competitive pricing, the Mazda CX-5 stands out in the compact SUV segment. Its strong reliability ratings, comfortable cabin, and fuel-efficient engines make it an attractive option for used car shoppers.
7. Volkswagen Golf:
The Volkswagen Golf offers a winning combination of practicality, fun-to-drive characteristics, and European styling. Its solid build quality, advanced safety features, and impressive fuel economy make it a reliable used car choice.
III. Conclusion:
When searching for a used car that provides the most value in 2023/2024, considering factors such as reliability, resale value, depreciation rate, and fuel economy is crucial. Models like the Toyota Corolla, Honda Civic, Subaru Outback, Ford F-150, Lexus RX, Mazda CX-5, and Volkswagen Golf tick many boxes in terms of value, dependability, and overall ownership experience.
Remember that staying informed and conducting thorough research on specific models, their history, and maintenance records is vital before making a final decision. By choosing one of these top used cars, you are likely to enjoy a vehicle that retains its value while providing a fulfilling and cost-effective ownership experience in the years to come.