Cars With the Best Resale Value in 2023 in Australia : Know Price, Specs & Features
In the ever-evolving world of automobiles, where new models grace the roads every year, one essential aspect often takes a back seat in the excitement of a new purchase: resale value. The moment you drive a brand-new car off the dealer's lot, it begins its journey into the world of depreciation. However, for those mindful of the long-term investment, understanding which cars hold their value best is a game-changer.
This blog delves into the ever-important topic of resale value in Australia for 2023. We explore the cars that retain their worth the best, uncover the factors contributing to their enduring value, and provide insights into how the automotive landscape is evolving in the Land Down Under. Join us as we navigate through the dynamic world of automobiles and discover which vehicles stand out for their exceptional resale value.
*As claimed by Volvo in 2020
1. Nissan Leaf
After the successful launch of its first iteration, Nissan swiftly adapted and introduced a more compelling option with the second-generation Leaf. This sizeable five-door hatchback, though compact on the outside, offers a sprawling interior space akin to a midsize car. It made its debut in 2019, targeting the entry-level segment of the electric vehicle (EV) market.
While the term "entry-level" is relative, the Leaf's pricing aligns it closer to petrol-powered mid-sized cars, which often come with more equipment or a more prestigious badge. Nevertheless, the Leaf boasts notable features such as lively acceleration and a premium Bose sound system. The pricier Leaf e+ variant comes with a larger battery, providing increased power output and a greater driving range between charges.
Key Features of Nissan Leaf:
What’s good about it?
- Standard DC fast charging
- Charging cable included
- Reliable
What’s not so good about it?
- No Apple CarPlay or Android Auto
- No heated seats
- No all-wheel drive
Check out our collection of used Nissan cars in Australia.
2. Tesla Model 3
The Tesla Model 3, introduced in 2019, has quickly become the best-selling electric vehicle in Australia. Its popularity can be attributed to its competitive pricing, enjoyable driving experience, and innovative features that showcase the Tesla brand's wow factor. From customizable indicators that can produce amusing sounds to using your smartphone as a key, the Model 3 is not just a means of transportation but also a technological marvel.
The Model 3 is offered in three variants, each at different price points. The base Standard Range Plus is rear-wheel drive, while the Long Range and Performance versions feature all-wheel drive capabilities, thanks to an additional electric motor. Regardless of the variant, the Model 3 delivers exhilarating acceleration that will leave you thrilled when you step on the accelerator.
Key Features of Tesla Model 3:
What’s good about it?
- Long range
- Quick acceleration
- Tech-rich interior
What’s not so good about it?
- Pricey
- Limited availability
- No physical buttons
3. Toyota RAV4
In numerous Australian households, midsize SUVs have taken the place of traditional large sedans, and the RAV4 played a key role in driving this transformation. Since its introduction in 1994, the RAV4 has transitioned from being a fun and funky vehicle for singles and couples to prioritizing everyday practicality for families. The latest iteration of the RAV4 reflects this family-oriented approach in a sensible manner.
Notably, the RAV4 distinguishes itself with exceptional driving dynamics compared to its midsize SUV counterparts, further solidifying its position as a highly compelling choice on the road.
Key Features of Toyota RAV4:
What’s good about it?
- Reliability
- Available all-wheel drive
- Fuel efficiency
What’s not so good about it?
- Outdated infotainment system
- Not as engaging
- Not as many cargo cubbies
Check out our collection of used Toyota RAV4 cars in Australia.
4. Suzuki Ignis
The Suzuki Ignis is a subcompact crossover SUV that was first introduced in 2016. It is available in both petrol and hybrid variants. The petrol Ignis is powered by a 1.2-litre four-cylinder engine that produces 83 horsepower and 85 lb-ft of torque. The hybrid Ignis is powered by a 1.2-litre four-cylinder engine and an electric motor that together produce 93 horsepower and 118 lb-ft of torque.
The Ignis is a good choice for city driving and light off-road adventures. It is also a good choice for people who are looking for a stylish and affordable SUV.
Key Features of Suzuki Ignis:
What’s good about it?
- Funky styling
- Spacious interior
- Off-road capabilities
What’s not so good about it?
- Low power
- Noisy engine
- Small boot
Check out our collection of used Suzuki Ignis cars in Australia.
5. Hyundai Sonata
The Hyundai Sonata, introduced in Australia in the late 1980s, has been a consistent presence in the midsize sedan segment. While it may have been overshadowed by more visually appealing cars like the Mazda6 and local offerings like the Holden Commodore, the Sonata remains a reliable and affordable option for those seeking a medium-to-large sedan with a practical approach.
The seventh-generation Sonata, available at CARS24, was launched in Australia in early 2015. It replaced the previously badged i45 model and featured a range of engines, including a 2.4-litre naturally aspirated and a 2.0-litre turbo-petrol option. Notably, this generation of Sonata was one of the first Hyundai to boast locally tuned suspension, receiving positive reviews for its driving dynamics.
Key Features of Hyundai Sonata:
What’s good about it?
- Stylish design
- Comfortable ride
- Long list of standard features
What’s not so good about it?
- Not as fun to drive
- Interior can be a bit cramped
- Cargo space
Check out our collection of used Hyundai Sonata cars in Australia.
6. Toyota Hilux
The notoriously famous Top Gear episode where the hosts attempted to destroy a Toyota Hilux showcased the vehicle's exceptional toughness. Despite enduring various extreme stunts, including being dropped off a demolished 23-storey building, the Hilux proved resilient and ready for more. While luck may have played a role, the Hilux's solid foundation is undeniable. The car is extensively engineered in Australia, catering to the demands of local roads.
It's important to note potential issues with diesel particulate filters (DPF). Toyota faced significant problems with DPF failures but has since implemented manual override options for cleaning the system and improved support in case of malfunctions.
Key Features of Toyota Hilux:
What’s good about it?
- Durable
- Reliable
- Off-road capable
What’s not so good about it?
- Fuel-inefficient
- Expensive
- Comfort
Check out our collection of used Toyota cars in Australia.
7. Mazda CX-9
Over the years, Australians have wholeheartedly embraced Mazda for its winning combination of quality, enjoyable driving dynamics, and affordable pricing. The second-generation CX-9, introduced in 2016, has been a resounding success both commercially and critically, surpassing its rival, the highly regarded Toyota Kluger.
What sets the CX-9 apart is its impressive array of attributes. The cabin offers a serene and comfortable environment, complemented by competitive equipment levels. Notably, the CX-9's spaciousness ensures that occupants in the third row are not an afterthought.
Key Features of Mazda CX-9:
What’s good about it?
- Stylish design
- Comfortable ride
- Reliable
What’s not so good about it?
- Not as fuel-efficient
- Pricey
- Third-row seating
Check out our collection of used Mazda CX-9 cars in Australia.
8. Volvo XC60
The Volvo XC60 is a mid-size luxury SUV that was first introduced in 2008. It is known for its sleek design, its comfortable interior, and its safety features. The XC60 is available with a variety of engines, including a turbocharged four-cylinder engine, a turbocharged and supercharged four-cylinder engine, and a plug-in hybrid powertrain.
The XC60 is a good choice for people who are looking for a stylish and comfortable SUV with a focus on safety. It is also a good choice for families, as it has a spacious interior and a number of family-friendly features.
Key Features of Volvo XC60:
What’s good about it?
- Sleek design
- Comfortable interior
- Advanced safety features
What’s not so good about it?
- Pricey
- Tight rear seats
- Mild off-road ability
Check out our collection of used Volvo XC60 cars in Australia.
9. Toyota Yaris
When it comes to affordability and cost-effectiveness, mini-cars are a popular choice. The Toyota Yaris specifically addresses running and repair costs, making it a practical option.
While it may not match the Mazda2 in terms of driving experience or subjective aesthetics, the Yaris offers the reliable motoring experience that Toyota is renowned for. At CARS24, you'll find the second-generation Yaris, available from 2011 until 2020. It comes in three- and five-door hatch variants, with a choice between 1.3-litre and 1.5-litre four-cylinder engines. Although neither engine is particularly powerful, the 1.5-litre option is preferable if the budget allows. Transmission options include manual and automatic, with power delivered to the front wheels.
Key Features of Toyota Yaris:
What’s good about it?
- Reliable
- Affordable
- Fuel Efficient
What’s not so good about it?
- Small interior
- Not as fun to drive
- Style
Check out our collection of used Toyota Yaris cars in Australia.
10. Subaru Forester
The Forester stands out in a highly competitive segment where families are the primary buyers. It has to offer something truly exceptional, and it does. In line with other Subarus, except for the BRZ sports car, the Forester is equipped with a boxer four-cylinder engine and all-wheel drive. The boxer engine layout ensures smooth and refined performance, while the all-wheel drive system enhances handling confidence, especially on slippery surfaces.
The Forester doesn't compromise on interior space, offering generous cabin room for occupants. The equipment levels are also commendable, with a particular emphasis on safety features. Overall, the Forester proves itself as a worthy vehicle, combining practicality, versatility, and high safety standards.
Key Features of Subaru Forester:
What’s good about it?
- Symmetrical All-Wheel Drive
- Spacious and Practical Interior
- Strong Safety Record
What’s not so good about it?
- Acceleration and Power
- Interior Design and Materials
- Infotainment System Interface
Check out our collection of used Subaru Forester cars in Australia.
Conclusion
As we conclude our journey into the realm of cars with the best resale value in Australia for 2023, one thing becomes abundantly clear: value retention is not just about brand recognition anymore. While stalwart brands like Toyota, Subaru, and Honda continue to impress with their dependable models, we witness a dynamic shift in the automotive landscape.
The cars that hold their value well in Australia are those that offer a harmonious blend of reliability, innovation, sustainability, and market demand. As we move forward in this era of automotive transformation, the concept of resale value is poised to embrace even more profound changes, reshaping the way we perceive and invest in our vehicles.
FAQs
1. What is resale value, and why is it important when considering a car purchase?
Resale value is the amount a car can be sold for in the used car market. It's crucial when purchasing a car because it affects your long-term ownership costs.
2. Can you explain how the resale value of a car is determined? What factors influence it?
Resale value is determined by factors like brand reputation, model popularity, mileage, condition, maintenance history, and market demand. High demand and low depreciation contribute to better resale value.
3. What are some of the top considerations that contribute to a car's high resale value in the Australian market?
Top considerations for high resale value in Australia include reliability, brand reputation, fuel efficiency, low maintenance costs, and strong market demand for certain models.
4. Are there specific car brands or models known for holding their value well in Australia?
Toyota, Subaru, and Honda are known for holding their value well in Australia. Models like the Toyota Hilux, Subaru Forester, and Honda Civic tend to maintain their resale value.
5. How does vehicle type (sedan, SUV, hatchback) impact resale value, and are there differences between them?
Vehicle type can impact resale value. SUVs often have better resale value due to high demand, but specific models and market trends also play a significant role in determining value.
6. Are there particular features or attributes that tend to increase the resale value of a car?
Attributes that tend to increase resale value include low mileage, a full-service history, accident-free records, and features like advanced safety technology or fuel efficiency. Well-maintained cars generally fetch higher prices.
In the ever-evolving world of automobiles, where new models grace the roads every year, one essential aspect often takes a back seat in the excitement of a new purchase: resale value. The moment you drive a brand-new car off the dealer's lot, it begins its journey into the world of depreciation. However, for those mindful of the long-term investment, understanding which cars hold their value best is a game-changer.
This blog delves into the ever-important topic of resale value in Australia for 2023. We explore the cars that retain their worth the best, uncover the factors contributing to their enduring value, and provide insights into how the automotive landscape is evolving in the Land Down Under. Join us as we navigate through the dynamic world of automobiles and discover which vehicles stand out for their exceptional resale value.
*As claimed by Volvo in 2020
1. Nissan Leaf
After the successful launch of its first iteration, Nissan swiftly adapted and introduced a more compelling option with the second-generation Leaf. This sizeable five-door hatchback, though compact on the outside, offers a sprawling interior space akin to a midsize car. It made its debut in 2019, targeting the entry-level segment of the electric vehicle (EV) market.
While the term "entry-level" is relative, the Leaf's pricing aligns it closer to petrol-powered mid-sized cars, which often come with more equipment or a more prestigious badge. Nevertheless, the Leaf boasts notable features such as lively acceleration and a premium Bose sound system. The pricier Leaf e+ variant comes with a larger battery, providing increased power output and a greater driving range between charges.
Key Features of Nissan Leaf:
What’s good about it?
- Standard DC fast charging
- Charging cable included
- Reliable
What’s not so good about it?
- No Apple CarPlay or Android Auto
- No heated seats
- No all-wheel drive
Check out our collection of used Nissan cars in Australia.
2. Tesla Model 3
The Tesla Model 3, introduced in 2019, has quickly become the best-selling electric vehicle in Australia. Its popularity can be attributed to its competitive pricing, enjoyable driving experience, and innovative features that showcase the Tesla brand's wow factor. From customizable indicators that can produce amusing sounds to using your smartphone as a key, the Model 3 is not just a means of transportation but also a technological marvel.
The Model 3 is offered in three variants, each at different price points. The base Standard Range Plus is rear-wheel drive, while the Long Range and Performance versions feature all-wheel drive capabilities, thanks to an additional electric motor. Regardless of the variant, the Model 3 delivers exhilarating acceleration that will leave you thrilled when you step on the accelerator.
Key Features of Tesla Model 3:
What’s good about it?
- Long range
- Quick acceleration
- Tech-rich interior
What’s not so good about it?
- Pricey
- Limited availability
- No physical buttons
3. Toyota RAV4
In numerous Australian households, midsize SUVs have taken the place of traditional large sedans, and the RAV4 played a key role in driving this transformation. Since its introduction in 1994, the RAV4 has transitioned from being a fun and funky vehicle for singles and couples to prioritizing everyday practicality for families. The latest iteration of the RAV4 reflects this family-oriented approach in a sensible manner.
Notably, the RAV4 distinguishes itself with exceptional driving dynamics compared to its midsize SUV counterparts, further solidifying its position as a highly compelling choice on the road.
Key Features of Toyota RAV4:
What’s good about it?
- Reliability
- Available all-wheel drive
- Fuel efficiency
What’s not so good about it?
- Outdated infotainment system
- Not as engaging
- Not as many cargo cubbies
Check out our collection of used Toyota RAV4 cars in Australia.
4. Suzuki Ignis
The Suzuki Ignis is a subcompact crossover SUV that was first introduced in 2016. It is available in both petrol and hybrid variants. The petrol Ignis is powered by a 1.2-litre four-cylinder engine that produces 83 horsepower and 85 lb-ft of torque. The hybrid Ignis is powered by a 1.2-litre four-cylinder engine and an electric motor that together produce 93 horsepower and 118 lb-ft of torque.
The Ignis is a good choice for city driving and light off-road adventures. It is also a good choice for people who are looking for a stylish and affordable SUV.
Key Features of Suzuki Ignis:
What’s good about it?
- Funky styling
- Spacious interior
- Off-road capabilities
What’s not so good about it?
- Low power
- Noisy engine
- Small boot
Check out our collection of used Suzuki Ignis cars in Australia.
5. Hyundai Sonata
The Hyundai Sonata, introduced in Australia in the late 1980s, has been a consistent presence in the midsize sedan segment. While it may have been overshadowed by more visually appealing cars like the Mazda6 and local offerings like the Holden Commodore, the Sonata remains a reliable and affordable option for those seeking a medium-to-large sedan with a practical approach.
The seventh-generation Sonata, available at CARS24, was launched in Australia in early 2015. It replaced the previously badged i45 model and featured a range of engines, including a 2.4-litre naturally aspirated and a 2.0-litre turbo-petrol option. Notably, this generation of Sonata was one of the first Hyundai to boast locally tuned suspension, receiving positive reviews for its driving dynamics.
Key Features of Hyundai Sonata:
What’s good about it?
- Stylish design
- Comfortable ride
- Long list of standard features
What’s not so good about it?
- Not as fun to drive
- Interior can be a bit cramped
- Cargo space
Check out our collection of used Hyundai Sonata cars in Australia.
6. Toyota Hilux
The notoriously famous Top Gear episode where the hosts attempted to destroy a Toyota Hilux showcased the vehicle's exceptional toughness. Despite enduring various extreme stunts, including being dropped off a demolished 23-storey building, the Hilux proved resilient and ready for more. While luck may have played a role, the Hilux's solid foundation is undeniable. The car is extensively engineered in Australia, catering to the demands of local roads.
It's important to note potential issues with diesel particulate filters (DPF). Toyota faced significant problems with DPF failures but has since implemented manual override options for cleaning the system and improved support in case of malfunctions.
Key Features of Toyota Hilux:
What’s good about it?
- Durable
- Reliable
- Off-road capable
What’s not so good about it?
- Fuel-inefficient
- Expensive
- Comfort
Check out our collection of used Toyota cars in Australia.
7. Mazda CX-9
Over the years, Australians have wholeheartedly embraced Mazda for its winning combination of quality, enjoyable driving dynamics, and affordable pricing. The second-generation CX-9, introduced in 2016, has been a resounding success both commercially and critically, surpassing its rival, the highly regarded Toyota Kluger.
What sets the CX-9 apart is its impressive array of attributes. The cabin offers a serene and comfortable environment, complemented by competitive equipment levels. Notably, the CX-9's spaciousness ensures that occupants in the third row are not an afterthought.
Key Features of Mazda CX-9:
What’s good about it?
- Stylish design
- Comfortable ride
- Reliable
What’s not so good about it?
- Not as fuel-efficient
- Pricey
- Third-row seating
Check out our collection of used Mazda CX-9 cars in Australia.
8. Volvo XC60
The Volvo XC60 is a mid-size luxury SUV that was first introduced in 2008. It is known for its sleek design, its comfortable interior, and its safety features. The XC60 is available with a variety of engines, including a turbocharged four-cylinder engine, a turbocharged and supercharged four-cylinder engine, and a plug-in hybrid powertrain.
The XC60 is a good choice for people who are looking for a stylish and comfortable SUV with a focus on safety. It is also a good choice for families, as it has a spacious interior and a number of family-friendly features.
Key Features of Volvo XC60:
What’s good about it?
- Sleek design
- Comfortable interior
- Advanced safety features
What’s not so good about it?
- Pricey
- Tight rear seats
- Mild off-road ability
Check out our collection of used Volvo XC60 cars in Australia.
9. Toyota Yaris
When it comes to affordability and cost-effectiveness, mini-cars are a popular choice. The Toyota Yaris specifically addresses running and repair costs, making it a practical option.
While it may not match the Mazda2 in terms of driving experience or subjective aesthetics, the Yaris offers the reliable motoring experience that Toyota is renowned for. At CARS24, you'll find the second-generation Yaris, available from 2011 until 2020. It comes in three- and five-door hatch variants, with a choice between 1.3-litre and 1.5-litre four-cylinder engines. Although neither engine is particularly powerful, the 1.5-litre option is preferable if the budget allows. Transmission options include manual and automatic, with power delivered to the front wheels.
Key Features of Toyota Yaris:
What’s good about it?
- Reliable
- Affordable
- Fuel Efficient
What’s not so good about it?
- Small interior
- Not as fun to drive
- Style
Check out our collection of used Toyota Yaris cars in Australia.
10. Subaru Forester
The Forester stands out in a highly competitive segment where families are the primary buyers. It has to offer something truly exceptional, and it does. In line with other Subarus, except for the BRZ sports car, the Forester is equipped with a boxer four-cylinder engine and all-wheel drive. The boxer engine layout ensures smooth and refined performance, while the all-wheel drive system enhances handling confidence, especially on slippery surfaces.
The Forester doesn't compromise on interior space, offering generous cabin room for occupants. The equipment levels are also commendable, with a particular emphasis on safety features. Overall, the Forester proves itself as a worthy vehicle, combining practicality, versatility, and high safety standards.
Key Features of Subaru Forester:
What’s good about it?
- Symmetrical All-Wheel Drive
- Spacious and Practical Interior
- Strong Safety Record
What’s not so good about it?
- Acceleration and Power
- Interior Design and Materials
- Infotainment System Interface
Check out our collection of used Subaru Forester cars in Australia.
Conclusion
As we conclude our journey into the realm of cars with the best resale value in Australia for 2023, one thing becomes abundantly clear: value retention is not just about brand recognition anymore. While stalwart brands like Toyota, Subaru, and Honda continue to impress with their dependable models, we witness a dynamic shift in the automotive landscape.
The cars that hold their value well in Australia are those that offer a harmonious blend of reliability, innovation, sustainability, and market demand. As we move forward in this era of automotive transformation, the concept of resale value is poised to embrace even more profound changes, reshaping the way we perceive and invest in our vehicles.
FAQs
1. What is resale value, and why is it important when considering a car purchase?
Resale value is the amount a car can be sold for in the used car market. It's crucial when purchasing a car because it affects your long-term ownership costs.
2. Can you explain how the resale value of a car is determined? What factors influence it?
Resale value is determined by factors like brand reputation, model popularity, mileage, condition, maintenance history, and market demand. High demand and low depreciation contribute to better resale value.
3. What are some of the top considerations that contribute to a car's high resale value in the Australian market?
Top considerations for high resale value in Australia include reliability, brand reputation, fuel efficiency, low maintenance costs, and strong market demand for certain models.
4. Are there specific car brands or models known for holding their value well in Australia?
Toyota, Subaru, and Honda are known for holding their value well in Australia. Models like the Toyota Hilux, Subaru Forester, and Honda Civic tend to maintain their resale value.
5. How does vehicle type (sedan, SUV, hatchback) impact resale value, and are there differences between them?
Vehicle type can impact resale value. SUVs often have better resale value due to high demand, but specific models and market trends also play a significant role in determining value.
6. Are there particular features or attributes that tend to increase the resale value of a car?
Attributes that tend to increase resale value include low mileage, a full-service history, accident-free records, and features like advanced safety technology or fuel efficiency. Well-maintained cars generally fetch higher prices.
