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.
