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Car Buying, Car Comparisons, Car Values, Coupe, Convertible, Truck
Aug 11, 2008 (7:30 am)
projected resale values? Some of these models haven't been around 3 years. And as we all know from the leasing meltdown this year, PROJECTED resale values have a way of being totally inaccurate.
Given that, I would add that all these models except CRV are WELL under 100K sales per year, some of them just a few thousand annually, which always aids resale in a desirable car with good reliability (or a cutesy niche car like the Beetle that people like to buy because it makes them smile).
#10 of 58 Re: Top Ten Resale Values -- What's Their Secret? [andre1969]
by MrShift@Edmunds HOST
Aug 11, 2008 (7:32 am)
This list was compiled from a very large leasing database, is my understanding--so in other words, the money the leasing companies either got, or plan to get, upon resale.
Supply and demand must be a factor here, and would explain why Accord and Camry are not on the list.
So we know people must WANT them (basic rule of economics that price is driven by a supply and demand formula) but I'm still puzzled as to WHY these cars in particular?
Of course, keep in mind that "Top Ten" lists don't show #11, which might be a domestic car or a very common car selling at just below the cut-off point.
But I'm intrigued as to what "secret" these cars have?
This is important, because high resale value allows an automaker to maintain high MSRP on newer models.
#11 of 58 Re: Top Ten Resale Values -- What's Their Secret? [Mr_Shiftright]
Aug 11, 2008 (8:18 am)
With a couple of exceptions, the common theme is that they seem to offer an experience that can't be replicated by other new cars. What else is really similar to a Jeep Wrangler or a Mini Cooper?
On a daily commute an Acura TL isn't greatly different than a Hyundai Sonata (chosen completely arbitrarily so hold your objections).
#12 of 58 Re: Top Ten Resale Values -- What's Their Secret? [lemmer]
by MrShift@Edmunds HOST
Aug 11, 2008 (8:58 am)
Ah, so you think something like "distinctiveness"?
Which really means "styling" right?
#13 of 58 Good gas mileage?
Aug 11, 2008 (9:21 am)
Scarcity is obviously the main reason with several of these, especially the new ones. How many used cars still in their first model year can there be. They can't have had very many miles yet either.
I also wonder about gas mileage; lots of people are trading down to smaller cars, so the BMW 1 series and Mini are probably getting a lot of people who were driving bigger sports/luxury coupes and sedans. The CR-V and Rogue are getting soccer moms trading down from gas guzzling bigger SUVs.
We don't drive much, so gas mileage doesn't matter, but I am thinking about the impact on resale.
#14 of 58 Re: Good gas mileage? [hoop1a]
Aug 11, 2008 (11:25 am)
CR-Vs have always been pretty popular on the used end. Same goes for the Mini. I guess they are even more popular now that gas price have gone up. Sort of surprised about the Rogue because I reallyl don't like the looks of it. Then again, I bet there are tons of people looking for a small SUV and it is the second best one out there after the CR-V.
As far a diesel Beetle, my take is that people will pay crazy money for a diesel VW because it is sort of a status car these days.
#15 of 58 Kelley Blue Book
Aug 11, 2008 (11:58 am)
gives these as their top ten after four years:
Not much overlap there. They have VW as their overall best brand for resale.
#16 of 58 Re: Kelley Blue Book [lemmer]
Aug 11, 2008 (12:02 pm)
Do you know if that is a projection for 2012, or if it is actual resale values today for MY 2004 cars?
Edit...wait, there was no '04 G37, nor was there an EOS, right? So these are also projections. Far from infallilble, I would think. It is curious to see the overlap between the two lists, yes.
#17 of 58 Re: Kelley Blue Book [lemmer]
by MrShift@Edmunds HOST
Aug 11, 2008 (12:39 pm)
Kelley is based on dealer reports on their selling prices isn't it, I mean, that the dealer's submit?
I can't personally see that as more reliable than a printout from an auction company selling off-lease cars. Possibly less so.
#18 of 58 Re: Kelley Blue Book [Mr_Shiftright]
Aug 11, 2008 (1:29 pm)
Well, they haven't sold three year old versions of several of those cars.
The other thing with both lists is where do they start from. MSRP? Invoice? Invoice after rebates? Average selling price? That will make a huge difference.
All the VWs kind of throw me off. Maybe it is just regional, but they don't seem to hold their value particularly well here. They are average or a little below.
Just for fun, I'll throw in Edmunds list of the 10 cars with the best resale value:
2008 Mini Cooper Clubman — 56.4%
2008 Mini Cooper — 53.1%
2008 BMW M3 — 52.8%
2008 Lexus IS F — 49.6%
2008 Scion xB — 49.2%
2008 Volkswagen R32 — 49.0%
2008 Infiniti G37 — 47.2%
2008 Chevrolet Corvette — 47.1%
2008 BMW 1 Series — 47.0%
2008 Volkswagen Eos — 47.0%