Analysis of over 40 million car sales has revealed a wide range of vehicle depreciation rates.
According to Carmoola’s Car Depreciation Index, developed in partnership with vehicle data specialists Brego, the Jaguar I-PACE has lost 67% of its value in three years while the Audi E-Tron has depreciated by 66% in the same period.
This means owners of these models have seen a combined £432m wiped off the value of their cars.
Across all family models the average depreciation over the last three years is 43%, but some models have bucked the trend with the Porsche Macan and Toyota Yaris Cross losing just 20% of their original value.
Aidan Rushby, founder and CEO of Carmoola, said: “Our latest data shows that depreciation is often the largest hidden cost of ownership, so choosing a vehicle that holds its value well is a smart way to protect your investment.
“With July traditionally the busiest month for family car sales and potentially a busy summer of travel ahead, having a reliable car that retains its value like the Porsche Macan or Toyota Yaris Cross can save families thousands when it is time to upgrade or sell.
“Selecting a car with strong resale value not only safeguards your investment but also ensures you have dependable transport for all your journeys.”
