The 11 new cars people most regularly ditch after just one year of ownership
The automotive search engine iSeeCars.com analyzed the 24 million new car sales over a two-year period in order to figure out which cars are most frequently re-sold after being purchased.
iSeeCars.com only analyzed cars that were sold between 2015 and 2017. The resale percentage rate was calculated by dividing the total number of models resold by the total amount of new vehicle sales for that particular model.
Mercedes-Benz and BMW brand models are resold at a significantly higher rate. In fact, six of the top 11 most re-sold cars in the country are either a Mercedes-Benz or BMW.
“I expect the reason is that both these brands sell very expensive vehicles,” Gartner’s senior automotive analyst Mike Ramsey told Business Insider. “I expect that both the cost to own and maintain the cars puts a high burden on people who bought them and then they are forced to sell them not long after.”
Owning a car is one of the biggest financial investments one can make. But buyer’s remorse strikes everyone, and some cars are resold at a rate more frequent than other models.
To figure out which cars are most frequently sold after being purchased, the automotive search engine iSeeCars.com analyzed 24 million new car sales over a two-year period.
Their methodology only analyzed cars that were sold between 2015 and 2017. The resale percentage rate was calculated by dividing the total number of models resold by the total amount of new vehicle sales for that specific model. New cars with more than 500 miles and used cars with less than 4,000 miles were excluded for the study.
While iSeeCars.com found that the market had an average resale rate of 1.5%, a group of cars had significantly higher rates of resale.
Mercedes-Benz and BMW brand …read more
Source:: Business Insider