Have you thought about the resale value when purchasing a brand-new car? How much does a car depreciate? Will your car keep its value better than others? Conversely, you may be looking for a great used car deal. Which vehicles have lost the most of their initial value. Here is a list of 2014 model year vehicles that were all-new or significantly revised this year. The MSRP and Trade-in value data and analysis are provided by ALG and NADA Used Car Guide.
5. 2014 Kia Forte
According to the data from NADA Used Car Guide, the MSRP of the 2014 Kia Forte EX sedan with the 2.0L engine with typically selected options was $20,300.
The average trade-in value was $12,550. This represents a residual value of 61.8%. This was 4.4% lower than the 2013 Forte EX sedan.
4. 2014 Chevy Impala
The MSRP of the 2014 Chevy Impala LS with the 2.5L engine with typically selected options was $27,670. The average trade-in value was $16,583.
This represents a residual value of 59.9%. However, this represents a 9.1% improvement over the older 2013 Impala.
3. 2014 Kia Cadenza
The MSRP of the 2014 Kia Cadenza Premium with the 3.3L V6 engine with typically selected options was $35,900. The average trade-in value was $20,267.
This represents a residual value of 56.5%. There is no basis for older Cadenza comparison, since the car was all new for 2014. NADA Used Car Guide says that “Upper Mid-size Car” residual average is 61.2%.
2. 2014 Fiat 500L
The MSRP of the 2014 Fiat 500L Pop with the 1.4L turbocharged engine with typically selected options was $20,045. The average trade-in value was $11,091.
This represents a residual value of 55.3%. There is no basis for older 500L comparison, since the car was all new for 2014. NADA Used Car Guide says that “Intermediate Sub-compact Car” residual average is 62.4%.
1. 2014 Mitsubishi Mirage
The MSRP of the 2014 Mitsubishi Mirage DE with the 1.2L three-cylinder engine with typically selected options was $14,805. The average trade-in value was $8,075.
This represents a residual value of 54.5%. There is no basis for older Mirage comparison, since the car was all new for 2014. NADA Used Car Guide says that “Intermediate Sub-compact Car” residual average is 62.4%.
“While there are always winners and losers within the vehicle valuation market every year, the 2014 model year saw a dramatic showing by domestic brands in the area of value retention improvement. Four out of the top five models listed in the Perspective report came from US manufacturers.” – – NADA Used Car Guide.
Andre Smirnov is a life-long automotive enthusiast, software engineer, writer, and reporter. He has been writing and reporting at TFLcar since 2011.
