Car research site iSeeCars has put together a study on one-year depreciation rates across the auto industry. The study then published the top 10 slowest-depreciating cars after one year and BMW’s X1 SUV was ranked second.
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iSeeCars.com analyzed over 7 million new and used cars sold from August 2018 to January 2019, comparing the prices of new cars to lightly used equivalents and identifying those with the lowest price differences.
“Instead of buying a car that’s already been driven for one year, consumers can buy the new version of select vehicles for just a few thousand dollars more to avoid the uncertainties that come with purchasing a used vehicle,” said iSeeCars CEO Phong Ly. “When spread out over the average terms of a car loan about six years at a 4% percent interest rate for example, the increased monthly payment can be as little as $35 per month. This price difference could even be less when you take into account new car incentives that may exist for a given model.”
Subcompact SUVs comprise the top three vehicles on the list. The Honda HR-V takes the top spot with a 10.5 percent price difference, followed by the second-ranked BMW X1 with a 11.7 percent difference, and the Subaru Crosstrek with a 12.2 percent difference.
“Subcompacts are a rapidly growing segment because they strike the right balance of cargo room and other SUV perks while maintaining a price tag that is comparable to sedans,” said Ly. “Each are among the top models in their class,, and the demand could be driving up prices for lightly used versions of these subcompact SUVs.”
To further demonstrate the popularity of small SUVs, three compact SUVs make the list including the fourth-ranked Honda CR-V, the eighth-ranked Mazda CX-5, and the ninth-ranked Porsche Macan.
The entry-level BMW X1 sDrive28i starts at $34,950 while the all-wheel drive version sells for at least $36,950.
|iSeeCars Top 10 Cars to Buy New Over Used|
|Rank (By Percentage)||Model||% Difference New Over Used||$ Difference New Over Used|