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Sun 8 Oct 2017 10:16 AM

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Nissan Patrol has 'best resale value' of UAE cars

Nissan Patrol cars retain between 85 and 88 percent of their value after the first full year of use, says CarSwitch.com

Nissan Patrol has 'best resale value' of UAE cars
Nissan Patrol cars retain between 85 and 88 percent of their value after the first full year of use, says CarSwitch.com

The Nissan Patrol has the best resale value after one year of purchase of all cars in the UAE market, according to new data revealed by online used car marketplace CarSwitch.com.

According to the data, Nissan Patrols retain between 85 and 88 percent of their value after the first full year of use, significantly higher than the overall average of approximately 80 percent.

In second and third place were the Lexus IS and Toyota Land Cruiser, followed by the Toyota Camry, Nissan Sentra and Honda Accord. The only American vehicle on the list – the Ford Edge – came in seventh place.

“Many factors impact used car prices, from supply and demand fundamentals to promotions on the price of the new car to the colour, specific features, and condition of the specific used car at hand,” said CarSwitch.com CEO and co-founder Imad Hammad. “Our team has analysed thousands of data points to normalize for many of [these], but even a burst in grey market imports naturally has a sudden impact on pricing.”

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