New Zealand has the highest car value devaluation worldwide

A recent global study by online used car dealership Carspring, to better understand the depreciation of car brands around the world, looked at the actual devaluation percentage in each country. This gives a view as to how cars lose value in New Zealand versus other countries. Cars in New Zealand are last in keeping value after 56,000km with a 53.67 percent loss in value, with the US and UK close behind. Methodology: For the devaluation percentage per country Carspring compared cars with an average use of 56000 km (14000 km per year) versus the cost of the same model the year it was first out in the market. Data was sourced from hundreds of online outlets, as well as brick and mortar retailers across all of the five biggest cities of each market. All data and currency exchange rate correct on 27th January 2017. VAT included in final costs. For models, brands and other factors visit the results landing page. source: www.carspring. co.uk/global-used-car-priceindex/dollar/