It is said your new car is worth less than you paid for it the minute you drive it off the lot, but which new or redesigned 2014 model retained the most value this year?
Among all new or heavily redesigned mainstream models, it is the Chevrolet Corvette, says the McLean-based National Automobile Dealers Association. The 2014 Corvette Stingray Coupe 1LT Automatic retained 84.7 percent of its MSRP value after one year, the trade group says.
The worst was the 2014 Mitsubishi Mirage DE 1.2L I3, retaining just 54.5 percent of its MSRP value.
NADA’s 5 Best Value Retention Winners among new or redesigned models:
Chevrolet Corvette Stingray Coupe 1LT Automatic: 84.7 percent
Subaru Forester i Premium AWD 2.5L H4: 81.8 percent
Toyota Highlander LE 4WD 3.5L V6: 78.8 percent
Toyota 4Runner SR5 4WD 4.0L V6: 77.1 percent
Nissan Rogue S AWD 2.5L I4: 73.1 percent.
NADA’s 5 Worst Value Retention Losers among new or redesigned models:
Mitsubishi Mirage DE 1.2L I3: 54.5 percent
Fiat 500L Pop 1.4L I4 Turbo: 55.3 percent
Kia Cadenza Premium 3.3L V6: 56/5 percent
Chevrolet Impala LS 2.5L I4: 59.9 percent
Kia Forte Sedan EX 2.0L I4: 61.8 percent.
A full list of vehicle value retention for 2014 is available at NADA’s 2014 Used Car Guide, here.