Based on a recent report from carwow, Jaguar vehicles hold 46% 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. 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:
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 the London 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: ''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!
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