NADA Used Car Guide Names Top Retention Values for Cars Action …

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NADA Used Car Guide Top Retention Values for Cars Action News 5 — Tennessee

NADA Used Car Names Top Retention Values for

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SOURCE Automobile Dealers Association


New report highlights value performance of 2011 model mainstream, luxury, hybrid and EV

McLEAN, Va. Feb. 28, 2014 — Three-year-old cars in the segment have the highest value at 54.4% of the Manufacturer Retail Price (MSRP) for a equipped model, says the Automobile Dealers Association Used Car Guide in the February of NADA Perspective . a monthly trends report.

The electric (EV) segment ranked the at 39.9%.

Depreciation is often the No. 1 of owning a car, and understanding how a will retain its value time should be considered, Jonathan Banks. executive analyst of the NADA Used Car

The top three performers in the subcompact are the Honda Fit, retaining an value of 62.7%, followed by the Scion xB and Kia Soul, which 60.6% and 60.1%, respectively.

The Impreza, a mainstream compact ranked as the highest-retaining vehicle all classes and segments at 63.5%, the highest retention rate for cars is the Lexus IS and the Lexus CT for and EVs. The Subaru Legacy topped the midsize car segment a value retention rate of

The top three vehicles for hybrid are the Lexus CT, Toyota Prius and Kia with average retention of 62.4%, 54.3% and 53.6%,

It s not surprising to see Toyota at the top of the list for Banks added. Toyota has in the hybrid game for a long now, and buyers trust its and reputation.

The Chevrolet Volt and Leaf were the only two electric vehicles offered for during the 2011 model The Volt s retention score of was slightly higher than the s average of 38.2%.

NADA calculated retention for the most prevalent trim of three-year-old cars. For the purposes of report, retention is a function of a average ( Dec. 2013 –

2014 ) of NADA s average value divided by a vehicle s MSRP, not including any incentives or available at time of purchase.

here for the February edition of Perspective .

About the NADA Used Car

Since 1933, NADA Car Guide has earned its reputation as the provider of vehicle valuation services and information to businesses the United States and worldwide. s editorial team collects and over one million combined and truck wholesale and retail per month. Its guidebooks, auction analysis and data solutions automotive/truck, finance, insurance and professionals the timely information and solutions they need to better business decisions.

nada.com/b2b to learn more.

NADA

NADA represents nearly new-car and -truck dealerships more than 32,000 and international franchises. For more visit www.nada.org .

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