The highest and lowest depreciating cars of 2009
There’s no question that picking up a new car makes for a very special day, if for no other reason that the value that disappears when you drive your pride and joy off the showroom floor makes it one of the most expensive days of your life. The latest edition of Parker's annual depreciation report surveys 300 model ranges in the UK market, and lists their value in good condition with 10,000 miles on the clock one year later. Accordingly, the depreciation cost of one year for every model can be calculated, and the most and least expensive cars are hereby presented:
The biggest winner was the Honda Jazz which for last year at least, was Britain's best car for retaining its value.
The Parker’s survey uses the value of cars, as if they were being sold privately, in good condition with 10,000 miles on the clock and compares this to their cost as new, 12 months earlier.
Small cars showed they are certainly the safest bet for depreciation, taking 35 of the top 40 places in the index.
The table is pointless as the depreciation doesn\'t relate to what the car cost originally. It would need to be a percentage to be a fair comparison.
Agreed with Jonathon... The residual value after 1 year needs to be a percentage of new cost. It would be interesting to see those figures again after 2, 5 & 10 years. The values of those cars on Highest Depreciation list would begin to plateau - whereas the Lowest Depreciation cars will continue to depreciate at a steady rate to 0... also, many of those cars on the high depreciation list would then begin to climb in value - becoming future classics whereas the cars on the Lowest Depreciation list have either been assigned to landfill or were scrapped & recycled... Poor statistics and an unrepresentative view of value in this article.
Looking up the price of the Honda Jazz (about 9,800 pounds) and figuring out the depreciation amount, that\'s a 14% loss in the value of the car in one year.
Looking up the price of the Maybach (about 850,000 pounds) and figuring out the depreciation amount, it\'s just below 15% (about 14.8%).
so, a .8% difference really isn\'t such a big deal considering that with the Maybach, you\'re going to get more than a .8% in value over the Jazz in that one year of ownership!
Its good to see the depreciation in percent of course..but i get paid in Pounds and not Percent!
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