A study by Carspring reveals the sharp difference in the value of used automobiles around the world, Luxembourg is ranked 27th on 40.
Online used car dealership Carspring conducted a study to better understand the depreciation of second-hand cars around the globe. While comparing the value of used cars between nations is known within the industry to be a challenge, Carspring have made it their mission to understand the global market and to offer transparency on the subject for the public. The Global Used Car Price Index 2017 offers an insightful overview of the value of various brands across different economic regions and car markets.
The 40 countries researched include the majority of the largest car producing nations, plus other countries of automotive interest, whilst brands were selected based on global popularity. Where no direct model comparison was available between nations, they identified comparable global models per brand and selected models with similar mileage and engines. With these conditions defined, they researched all used cars currently available in the market for each model, plus those sold in the past 12 months from hundreds of online outlets and brick and mortar retailers in 5 of the biggest cities in each market.
“The fluctuating value of used cars around the world has always mystified buyers and experts alike,” states Carspring's Co-founder Maximilian Vollenbroich, “But we took it upon ourselves to make the complicated simple and present a snapshot of the current global value of used cars.”
Luxembourg is ranked 27th : The results for this country are as follows :
(NB: As Renault is not available in the US and Canada, the Renault column is ranked out of 38.)
The overall findings of the 2017 Used Car Price Index are as follows :
Source : Carspring
