One of the most crucial things to consider when purchasing a car is the depreciation value. This is crucial if you want to sell or trade in a car in the future. Mazda is one company that comes up regularly in these conversations. A Mazda will lose value over time, just like any other car, but how well do they hold their worth in contrast to other makes and models?
Mazdas often have good value retention. After five years, Mazda cars have an average value retention percentage of 76.98%. This indicates that a Mazda car will typically maintain roughly 77% of its original purchase price after five years of ownership. However, Mazdas lose value with time, particularly in the first year of ownership, much like all other cars.
How Quickly Do Mazda Cars Depreciate?
A car begins to depreciate the moment you leave the dealership lot. Each brand and model is genuine to this. A car may lose 20% of its value in the first year. The brand and type of the car, as well as market demand, affect this.
The typical car may lose 40% or more of its initial value for five years. Regarding maintaining its value, Mazda has an edge over other car makers. Though slower than other models, they nonetheless lose value with time. In the first five years of ownership, the value of the majority of Mazda vehicles decreases by 25% to 35%. Although this may seem like a significant decline, it is less than the industry standard. Mazdas thus lose value more slowly than other brands.
Let’s use the Mazda CX-5 as an example to put this in context. After five years, a brand-new Mazda CX-5 that costs $26,000 on average would sell for between $16,900 and $19,500. This compares favorably to the typical depreciation rate of 60% for many other cars at around 25% to 35%, respectively.
Because of Mazda’s dedication to dependability, performance, and technological progress, its cars depreciate slower. Even while Mazda isn’t the most well-known brand in the US, its emphasis on quality and innovation helps it remain popular in the used car market, which increases its resale value and lengthens its lifetime.
Which Mazda Is Worth the Most at Resale?
The Mazda CX-5 and the Mazda MX-5 Miata stand out among Mazda vehicles regarding value retention.
The Mazda CX-5 regularly has a high resale value within the Mazda portfolio. This small crossover SUV is praised for its dynamic handling, plush interior, and excellent fuel efficiency, supporting its strong resale value. A broad spectrum of consumers is drawn to its combination of usefulness, comfort, and drivability, which increases demand and, therefore, resale value.
The Mazda MX-5 Miata, like the CX-5, excels at maintaining its value. After five years of ownership, a Mazda MX-5 Miata typically loses $7000 in value. A new Mazda MX-5 Miata resale value after five years is around $22,000, given that they typically sell for roughly $29,000.
The Miata’s low depreciation rate is largely due to its continuing appeal. The Miata has a devoted fanbase that contributes to its continued high resale value because of its fun driving characteristics, distinctive design, and reasonable price.
Which Mazda Has the Lowest Resell Value?
According to information from caredge.com, certain models in the Mazda portfolio depreciate more quickly than others, resulting in lower resale values after five years.
For instance, the Mazda CX-9 loses 32% of its value after five years, leaving a resale value of around $30,504. This estimate assumes that the car is in excellent shape, gets 12,000 miles a year, and costs $44,622 to buy new. Given that the CX-9 is a premium vehicle—and we all know that luxury cars depreciate considerably more quickly than standard vehicles—this greater depreciation rate isn’t unusual.
The Mazda CX-3 depreciates similarly but at a somewhat slower pace. The CX-3 loses 28% of its value after five years, leaving it with a resale value of around $16,490.
Regarding depreciation, the Mazda3 and Mazda6 are just a little behind. Over five years, both models lose around 27% of their value. Although these cars have a ton of amenities and great driving characteristics, they don’t keep their worth as well as some other Mazda models like the CX-5 and MX-5 Miata due to their higher depreciation rates.
Factors Affecting the Value at Resale
The resale value of a Mazda car may be strongly impacted by several variables, including:
Condition of the Vehicle
The general state of the vehicle, including its mechanical soundness and aesthetic appeal, is crucial in evaluating its resale value. A well-kept car with little wear and tear will always sell for more money than one that needs to be addressed. Regular maintenance and prompt repair of any technical problems are essential to maintain the vehicle’s worth.
Mileage
The resale value of a car is inversely related to the number of miles traveled. Higher miles may imply more damage, reducing the car’s value. A car typically travels 12,000 miles each year. Anything much higher might have a detrimental effect on the resale value.
Vehicle’s Age
A vehicle’s depreciation is directly influenced by its age. In general, newer cars lose value more quickly than older ones. However, some models, such as the Mazda MX-5 Miata, could retain their worth better owing to their popularity, low production numbers, or legendary status.
Market Demand
A model’s resale value is greatly influenced by its level of popularity. High-demand vehicles often hold their value better than less well-liked ones. Trends in the car industry, such as the current demand for SUVs over sedans, may impact this.
Vehicle History
A car with a spotless history record usually retains its worth better than one with a checkered past. Even if they have been fully repaired, vehicles in accidents often have reduced resale values.
Conclusion
Mazdas lose value over time, just like any other cars, but they do far better than other car manufacturers. After five years, a Mazda typically keeps 77% of its initial value, making it a wise purchase for people worried about future resale value.
Popular models like the Mazda CX-5 and MX-5 Miata are well-built and hold their value well on the used vehicle market, in contrast to the CX-9, CX-3, Mazda3, and Mazda6, which often deteriorate at a somewhat greater pace.