The cars with the best resale value in Australia after three years and where to find a bargain


SUVs and utes are holding their value extraordinarily well after three years – fuelled in part by the overseas travel ban.

The Toyota Prado is a particularly stronger performer, with 2018 versions of the four-wheel drive retaining an extraordinary 88 per cent of their value, Datium Insights data showed.

A 2018 Kakadu model with more than 97,000km has an asking price of $76,220, with motorists keen for durable, off-road vehicles. This is just $10,000 less than a brand new 2021 model, which sells for $87,030.  

The medium-sized RAV4 also did well, keeping 78.1 per cent three years after leaving the showroom – even though it was superseded in 2019.

SUVs and bestselling utes are holding their value extraordinarily well after three years as Australians continue to be banned from travelling overseas. The Toyota Prado is a particularly stronger performer with 2018 versions of this larger four-wheel drive retaining 88 per cent of their value, Datium Insights data showed

SUVs and bestselling utes are holding their value extraordinarily well after three years as Australians continue to be banned from travelling overseas. The Toyota Prado is a particularly stronger performer with 2018 versions of this larger four-wheel drive retaining 88 per cent of their value, Datium Insights data showed

Cars holding their resale value

Toyota LandCruiser Prado: 88 per cent with 2018 Kakadu model selling for $76,220

Toyota HiLux: 86 per cent with even a 2017 SR model with 141,000km on the clock selling for $43,990

Toyota RAV4: 78.1 per cent with a 2018 Cruiser model selling for $41,000

A 2018 Cruiser model, of the old shape, has an asking price of $41,000 with this example having just 16,000km on the odometer.

That is virtually the same as a new two-wheel drive petrol model, which sits under the hybrid in the model range. 

Utes are also sought after on the used car market with the Toyota HiLux having a 86 per cent resale rate, despite having a significant facelift in 2020.

A 2017 SR dual cab example is now on the market for $43,990 despite having more than 141,000km on the clock.

That’s barely cheaper than the brand new price of $48,885 for a version with a 2.8 litre diesel engine. 

By comparison, its rival, the Ford Ranger retained 76.2 per cent of its value.

Both these light commercial vehicles routinely take the first and second spots on the monthly brand new sales charts, as compiled by the Federal Chamber of Automotive Industries.

The Isuzu D-Max, which has had sales surge on the new car market during the past year, kept 68.4 per cent of its resale value after three years, compared with 69.5 per cent for the Mitsubishi Triton.

Datium Insights head of research Tanim Ahmed said lockdowns in Sydney and Melbourne had caused prices to surge for popular secondhand SUVs.

Utes are also sought after on the used car market with the Toyota HiLux having a 86 per cent resale rate, compared with 76.2 per cent for its rival, the Ford Ranger (pictured)

Utes are also sought after on the used car market with the Toyota HiLux having a 86 per cent resale rate, compared with 76.2 per cent for its rival, the Ford Ranger (pictured)

The Volkswagen Golf kept just 52.7 per cent of its value after three years. A new model is also due for release in Australia later this year, depending on stock availability, eroding the value of existing shape models

The Volkswagen Golf kept just 52.7 per cent of its value after three years. A new model is also due for release in Australia later this year, depending on stock availability, eroding the value of existing shape models

‘With lockdowns across several regions of Australia, price volatility in the market has increased,’ he said.

Hatchbacks didn’t fare nearly as well as the ability of more people to work from home during lockdowns in Sydney and Melbourne negated the need for a second car for many.

The Volkswagen Golf kept just 52.7 per cent of its value after three years with average resale values plunging from 61.9 per cent in a volatile market.

A new model is also due for release in Australia later this year, depending on stock availability, eroding the value of existing shape models.

By comparison, the Toyota Corolla kept 67.5 per cent of its value, despite consistently making the top five list of brand new cars.

It did even worse than Toyotas that don’t routinely feature in the top ten for new cars, including the Camry, Australia’s bestselling new medium car, which kept 71.7 per cent of its value, compared with 71.2 per cent for the Kluger, an SUV based on the Camry platform. 

The Isuzu D-Max (overseas model pictured), which has had sales surge on the new car market during the past year, kept 68.4 per cent of its resale value after three years, compared with 69.5 per cent for the Mitsubishi Triton

The Isuzu D-Max (overseas model pictured), which has had sales surge on the new car market during the past year, kept 68.4 per cent of its resale value after three years, compared with 69.5 per cent for the Mitsubishi Triton

Datium Insights head of research Tanim Ahmed said lockdowns in Sydney and Melbourne had caused prices to surge for popular secondhand SUVs

Datium Insights head of research Tanim Ahmed said lockdowns in Sydney and Melbourne had caused prices to surge for popular secondhand SUVs



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Written by bourbiza

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