3-Year Toyota Cars Resale Value Shootout

2016 Toyota Avanza

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sk anyone which car brand has the best resale value, and 9 times out of 10 you will hear TOYOTA!

And this fact is not confined to South Africa. Take the American independent car research company, Edmunds. They run an annual study called the "Best Retained Value" awards. You can check it out here. Toyota was the overall winner in 2016 and 2015, taking the crown in the prestigious US truck segment with the Tundra & Tacoma. 

We decided to crunch the numbers through our beeping computer and give you real figures from our business.  We took various 3-year old Toyota models with their list price in 2013 and the average retail price in 2016. Also of interest is the average mileage of these cars. Makes for interesting reading!  

Our overall winner - the humble Toyota Avanza 1.5 SX! Achieving an astonishing 81% of its value after 3 years! The Avanza is a favourite as a people-mover and that leads to a high demand for the versatile car. We could not include the new Corolla in our results as it debuted only in 2014. But the previous spec did well to still keep 60% of its value but naturally with a newer model out, it was lower than expected. So here goes...

The Shootout - All 2013 Models

Model

​Avg Kms

Price 

In 2013

Avg Retail

In 2016

Percent

Retained

AVANZA1.5 SX

102,000

R 189,800

R 154,000

81.14

RAV2.0 GX

63,000

R 290,300

R 232,000

79.92

AVANZA1.5 TX

54,000

R 218,200

R 172,000

78.83

YARIS1.3 XS

38,000

R 175,400

R 137,000

78.11

LC 200 4.5 V8

72,599

R 1,009,300

R 760,000

75.30

PRADO3.0 VX

78,000

R 732,400

R 540,000

73.73

AURIS1.6 XS

54,000

R 239,400

R 176,000

73.52

ETIOS1.5 XS

64,000

R 137,000

R 99,000

72.26

HILUX3.0 D/CAB

75,682

R 405,800

R 285,000

70.23

HILUX2.5 S/CAB

142,500

R 222,500

R 150,000

67.42

86 HIGH SPEC

51,000

R 354,600

R 235,000

66.27

FORTUNER3.0 4X2

83,000

R 434,800

R 288,000

66.24

COROLLA1.6 ADV

63,000

R 243,100

R 153,000

62.94

COROLLA1.6 PRO

67,000

R 226,600

R 135,000

59.58

Average resale value after 3 years - 71.82%

A reliable assessment of a vehicle's resale value can be a critical piece of information for car buyers. Smart car shoppers will choose vehicles with high retained value so they can maximise their worth at trade-in or sale.

I asked our in-house finance expert, Dareshan Naidoo, what was the No.1 issue customers have when buying a new car. His response: Their trade-in value. Specifically, people coming in with exotic car brands that they're still paying for, but the market price is significantly lower than the bank settlement value. So take your time when buying a car, ensuring you have all the data in front of you, and when the time comes to trade-in, you'll be smiling! 

About the author

Durban South Toyota

Durban South Toyota is a flagship Toyota Dealer in South Africa. From humble beginnings in Rockview Road, Amanzimtoti, we have steadily grown to where we are today. Visit us at 2 Prospecton Rd, to experience a difference, in Service Excellence. Post by Zakaria Desai, IT & Social Media Manager.

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