‘I’m a used car expert – buy these models used to | Tech News

A preferred motoring persona has warned motorists occupied with shopping for a sure car to all the time select a pre-owned instance to keep away from some of the worst depreciation on the market. Whilst all new models go down in worth as quickly as they go away the dealership for the primary time, some used automobiles depreciate at a a lot quicker price than others. To help drivers stop depreciation inflicting them to lose 1000’s, Australian motoring expert Adam Morris from the YouTube channel ReDriven hosted a video by which he urged drivers to solely buy used examples of sure automobiles, together with Peugeots.

He stated: “Stunning designs, loaded with features, absolutely wonderful to drive, but yet, quite possibly a terrible decision for your net worth. As a brand, on average, Peugeot cars retain just 53.3% of their new value [after two to seven years]. And you know which cars are to blame? It’s the SUVs. The 2008 comes in the third-worst, having lost 37.5%, the 5008 lost 49.4%, and the 3008 lost 51.7%. And this mirrors other car brands.

“If Peugeot gave us nothing however fascinating and enjoyable little automobiles just like the 208 GTI and back them up with a robust dealership community and price them competitively, possibly they’d be a a lot safer buy.”

Whilst Adam had a lot of positive things to say about Peugeot’s wide range of interesting and attractive models, the YouTuber warned that new examples do not hold their value as well as rivals.

A 2024 study of the UK market from Scrap Car Analysis shared Adam’s findings that the SUVs are generally the worst hit by depreciation, with the 2008 compact crossover losing 66.2% of its value in four years.

As a result, drivers looking to buy a Peugeot have been urged to choose a pre-owned example or one of the lesser-depreciating new cars made by the brand, such as the 208 supermini or 308 family hatchback.

Later in the video, Adam also warned drivers to think twice before buying a new Tesla, warning that some retailers are no longer accepting them.

He added: “I’m sure all of us noticed this one coming – it is Tesla. However, with how Tesla are performing in the intervening time, this might get a lot worse. Overall, on average, Tesla as a model retains simply 55.8% of its worth, with the Model Y shedding 35.9% and the Model 3 falling 46.5%.

“Look, obviously, we can’t predict the future, but we say things could get much worse for this brand because we know of wholesalers that, right now, will no longer trade Teslas.”

Whilst Elon Musk‘s political position as head of the Department of Government Efficiency (Doge) underneath the Trump Administration continues to have an effect on gross sales of new Teslas around the globe, a high provide of pre-owned Teslas have additionally affected used values.

According to a examine from Motorway, the flagship Model X crossover suffers the worst depreciation of all – shedding 43% of its worth within the space of three years.

However, a important quantity of electric models endure from related depreciation due to a massive amount of ex-fleet models on the used market and new EVs being launched at more reasonably priced costs.