Britain’s slowest and fastest depreciating cars have been named, revealing a huge gap between the best and worst performing models.
The list, put together by motoring consumer magazine What Car? is dominated by high-end models from the likes of Land Rover and Porsche, while mainstream brands including Fiat and Vauhxall languish at the bottom.
While the strongest performing cars lost around 30 per cent of their purchase price, the worst performing lost more than 75 per cent.
The research into the predicted future value of more than 7,000 models also identified that, overall, electric cars (EVs) and hybrids depreciation more slowly than traditionally fuelled vehicles, with diesels suffering the most rapid loss of value.
The Range Rover Evoque R-Dynamic P250 was found to be the slowest depreciating new car, retaining 70.1 per cent of its £38,675 price after three years and 30,000 miles. Behind it, the £67,208 Porsche Cayenne E-Hybrid (65.2 per cent) and £71,520 Audi e-tron 55 quattro (65.1 per cent) performed strongly.
Three other Porsches, an Audi, two Toyotas and an Alpine completed the top 10 models.
At the opposite end of the scale, two Fiats – the Doblo XL Combi SX 1.6 Multijet and the Tipo Easy Plus 1.6 Multijet came off worst, retaining just 26.1 per cent and 27.5 per cent of their value respectively.
Third place on the list was held by another Italian brand – luxury car maker Maserati – with Peugeot, Jaguar, Renault, Hyundai, BMW and Infiniti also in the bottom 10.
The study found that the average retained value across all cars was 42.1 per cent, with electrified vehicles (EVs and hybrids) retaining 47 per cent, while petrol models held on to 43 per cent and diesels 40 per cent. Half of the top 10 models were pure EV or hybrids, although the all-electric Renault Zoe was among the worst performing.
Steve Huntingford, editor of What Car? said: “When the first electric and hybrid cars arrived, they suffered from heavy depreciation. But with the technology now becoming mainstream, buyers are starting to see far better residuals, which will no doubt boost sales further.
“The worst depreciating table is a reminder that new car buyers need to do their homework before signing on the dotted line. Securing the best deal possible on a new car helps offset the money it will lose.”