1 August 2007

Smaller cars hold value better

Supermini and Small/Medium Family segment cars hold their values best in the Irish market according to data from Motor Trade Publishers.

On average, they will retain 56 percent of their value after three years, compared to 53 percent for Executive Class and 46 percent for Luxury cars.

A GE Money analysis of the data also shows that after just one year, the small and family cars will have lost an average of 18/19 percent of their original purchase cost through depreciation.

Convertibles do marginally better in these segments over the first three years, though Executive and Luxury convertibles hold their value significantly better than their saloon counterparts. BB