Based on a recent report from carwow, Land Rover vehicles hold 63% of the original value, after 5 years from the year it was made. Carwow data reveals what cars hold their value best in 2021, looking at both makes and models. Land Rover tops the chart holding 63% of its original value after five years. The rankings are based on data from carwow’s Sell Your Car service.
Some cars hold their value better than others, meaning you’ll get a greater percentage of the car’s original value back when you sell it on. There are many factors that can have an impact on a car’s resale value, this includes how a driver looks after their car - maintenance, usage etc. but there are a few external factors that will also impact the value of your car regardless such as:
- · Brand and model desirability and reliability
- · Fuel economy
- · Road Tax
- · Euro 6 compliance
Carwow also stated: How you maintain and drive your car will have an impact on its resale value. Cars with limited-service history and high mileage will depreciate faster for example, however there are other factors that come into play. The desirability of your new car will determine how quickly it depreciates. Cars with a good reputation for reliability and quality will likely hold their value because there will always be a strong demand for them on the second-hand market. Fuel-efficient cars with low tax rates also tend to depreciate less because they are cheaper to run. And with the expansion of theLondon Ultra Low Emission Zone(ULEZ), cars that are not Euro 6 compliant have seen a huge drop in value as people living and working in London don’t want them anymore.
Sepi Arani Commercial Director at Carwow said: “It’s well known that many cars dramatically drop in value as soon as they leave the garage, so knowing that some well-loved brand such as Land Rover can hold up to 63% of their original price value five years later, is a positive insight. This is also something to keep in mind if a driver is buying a vehicle with the intention of selling it a few years later.
Now is also a great time to consider selling your car, as a shortage in semiconductor chips has resulted in a long waiting list for new cars, meaning more people are turning to the used market for their next car, subsequently increasing demand and increasing prices - which is even better news if you already own one of these vehicles that hold their value well.”
We did a little test and found that our customers can get a price for their current car in less than a minute. Value your current vehicle today and use it to buy yourself a shiny new one!
And with Rockar, you purchase your new vehicle online. Checkout on your phone, from your home. Search and configure your new car, part exchange your old car, choose a finance option that suits your needs, checkout fully online and track your delivery right to your door.
We'll let YouDrive in peace. Would you like to take a test drive with a dealer sitting next to you? No? Us neither.You can take a solo YouDrive in any of our models.
Love is the little things... Like a full tank of fuel in every delivered car. We also offer free Nationwide trailered home delivery as standard. And our lead times never lead you on. Our platform offers live, genuine lead times from step one. This is a strict jargon free zone.
We’re here if you need us. Our five-star team are passionate about finding you the Land Rover you love, and helping you love buying it. Alternatively, you can pop and see us at our digital store in Canary Wharf. You can chat to our product experts and test drive the latest Land Rover models. Save yourself the haggle. We’re all about service, and no salesmen. Finally, a way to buy a car that delivers the goods.
A car you love is our lifetime commitment. You can be confident that no one knows your Land Rover better.
