Will new car maintain its value?

first_imgHowever, vehicles with radical interiors and exteriors will likely lose more of their value, as they will not appeal to the mainstream public after five years, he said.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champNerad said vehicles that maintain their value best are quality-built and have brands that generate a lot of excitement among consumers. Volkswagen, the best resale brand on the list, has an enthusiasm around its brand that’s atypical in the industry, he said.“Volkswagen owners are evangelistic about their vehicles and this translates into good resale value,” Nerad said. “That’s because as you buy a Volkswagen, even as a used vehicle, you’re kind of joining a club that’s excited about the vehicle.”On average, a vehicle will retain just 35percent of its original value after five years of use. In other words, buying a new car today for $20,000 will mean you’ll get just $7,000 for it in five years.When buying a car with an eye to resale value, Nerad said shoppers should consider choosing a popular color and optimal equipment.“Vehicles that have really compelling styling, something interesting or remarkable about them do very well in resale value and do very well in the marketplace overall,” Nerad said, while choosing a traditional or classic style will generally stand the test of time. By Christopher HintonMarketWatchNEW YORK – A new car can be a rotten investment, losing a chunk of its value when the buyer drives off the lot. But some autos hold their value over time better than others – even among sports cars like the Chevy Corvette, a new survey shows.Irvine, Calif.-based Kelley Blue Book named General Motor’s Corvette, BMW’s Mini Cooper and the Volkswagen Jetta among the top 10 models that should retain more of their original value by 2013 than the average vehicle.Japanese economy cars like ToyotaZZTO Motor Co.’s Scion tC and Scion xB and HondaZZTO Motor’s popular Civic also made the list. But so did luxury cars like Nissan’s Infiniti G37, said Kelley, which provides estimates for used car prices.Many domestic vehicles, and some second-tier imports such as Kia and Suzuki, were found at the bottom of the list, said Jack Nerad, executive market analyst with Kelley Blue Book in an interview with MarketWatch.last_img read more