Which compact sedan has the best resale value? True Price recently pitted the Polo Sedan against the Corolla Quest, Corolla, Elantra and Ciaz. Here’s how they ranked. IOL Motoring
It may be a shrinking segment, but there is still strong demand for affordable sedans. But which one holds its value the best?
On the new car sales charts, the Toyota Corolla Quest is still South Africa’s most popular compact sedan, with Toyota having sold 1353 of them in September, while and Polo Sedan followed in a distant second place with 546 units. However, the roles are reversed when it comes to resale value, says True Price managing director Daryl Jacobson, whose company recently crunched the resale numbers of a batch of compact sedans that also included the Hyundai Elantra and Suzuki Ciaz.
It’s worth noting, however, that this data comes from repossession auctions only, so it’s not necessarily a reflection of prices paid at dealer level, but in fairness it is still a strong indication of what people are prepared to pay for these vehicles.Read more: IOL News »
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