We’ll venture the bold assumption that you’ll want to sell your car for as much money as you can. You want to recover as much of the cost of the investment as you can because it was expensive. All cars lose value over time, but some do it more quickly than others.
IntelliChoice calculated the average retained values for a brand’s full model portfolio over a five-year period to find out. These estimates allow us to identify which manufacturers’ vehicles have better depreciation resistance. Let’s talk about the automobile brands that lose value more quickly now that we’ve determined which ones do so the best.
In This Article...
Mini: 50.4 Percent Retained Value
A fairly, well, small percentage of drivers are drawn to Mini automobiles because of its size, which lives up to its name. Models with charming aesthetics and nimble handling, like the retro Cooper, sporty Countryman crossover, or funky Clubman wagon, attract drivers with an eye for fashion and a sense of adventure but, more crucially, who can manage their diminutive dimensions. However, doubts about future worth may put buyers’ first enchantment to rest. The Countryman and Clubman receive a Poor five-year cost of ownership rating from IntelliChoice. Furthermore, we weren’t too impressed by the brand’s recent attempts at electrification. As joyful as Mini’s cars are to look at and drive, the brand’s market position is indicated by its value retention rate of 50.4%.
Mazda: 49.3 Percent Retained Value
Mazda doesn’t compare to other Japanese brands in terms of name recognition, lineup diversity, or value despite producing some of the best-looking and best-driving mainstream cars on the market. Even though the Mazda3 and Miata have sizable fan groups, those and other models may place a greater emphasis on driving characteristics than general utility. The Mazda6 lagged behind rival sedans until it was recently discontinued, while the CX-30 and CX-9 are less adaptable than rival crossovers. Although we usually love driving a Mazda, its value retention rate of 49.3 percent isn’t as high as that of its primary rivals. Possibly the brand’s next, higher-end vehicles will hold their value longer.
Kia: 47.7 Percent Retained Value
Kia has put a lot of effort into keeping up with its rivals in terms of quality, dynamics, and design. Want proof? The Sorento is back and even better than before, the Telluride won our competition for SUV of the Year, and the Optima’s makeover into the K5 gave this sedan new life. However, despite their appeal in other areas, Kia’s automobiles behind with an average value retention rate of 47.7% during a five-year period. Despite its extensive standard warranty and genuinely enticing options, that is the case. Even while we enjoy driving the Telluride and the sporty Stinger, Kia still needs to improve as evidenced by their respective Mediocre and Poor IntelliChoice scores.
Hyundai: 47.1 Percent Retained Value
Hyundai strives to match the reputation for quality and durability of Toyota and Honda, much like its corporate rival Kia. The long-term value proposition of Hyundai doesn’t appear to have been significantly impacted by a lengthy warranty or a group of very regarded experts. Models like the Sonata, Palisade, and Tucson serve as indicators of how far the brand’s products have come. However, Hyundai’s 47.1 retained value % suggests that it needs to do more to earn the trust of customers who value their money.
Volkswagen: 46.9 Percent Retained Value
Volkswagen’s image for quality suffered as a result of the Dieselgate incident, even though the company didn’t have a very strong one to begin with. Volkswagen lacks American and Asian rivals in mass-market appeal, even with more recent models like the Tiguan or Atlas, which only manage Average or Mediocre IntelliChoice value scores depending on trim. A shorter warranty is detrimental to its cause. Volkswagen is planning a number of electric vehicles, which might assist the company’s current 46.9% value retention percentage.
Nissan: 45.6 Percent Retained Value
Nissan has struggled to gain momentum and maintain its competitive position after a high-level organizational restructuring. It is currently working on refreshing its stale lineup. We were impressed by some of those efforts, like the Rogue and Sentra. Others, such as the legendary Z sports vehicle or the Pathfinder, stop at simply spiffing up antiquated platforms and engines. Despite the merits of Nissan’s engineering advancements, only a small percentage of its vehicles receive Good IntelliChoice value scores; the majority are ranked at Average, Mediocre, or Poor in terms of ownership costs. Nissan has a dismal 45.6 percent average value retention over a five-year period.
Buick: 42.3 Percent Retained Value
What does Buick mean today? Buick doesn’t seem to be confident in itself. Due to the brand’s current inventory consisting solely of SUVs, its tradition of opulent vintage sedans has come to an end. All of those models aren’t particularly terrible, but they don’t do much to change the outdated perception of Buick. Additionally, Buick’s uncertain positioning does not help. Does it aim for real luxury to compete with the best in the field, or does it aim for a premium experience at entry-level pricing? We believe Buick requires revival and a more focused course. If and when it occurs, it might improve the lineup’s average value retention, which is 42.3 percent.
Mitsubishi: 41.3 Percent Retained Value
Many of the Mitsubishi vehicles we’ve evaluated are affordable, but not just financially. We’ve encountered subpar engineering and craftsmanship in Mitsubishi cars, which leads to dull driving experiences. The Mirage and Eclipse Cross are among the least expensive options in their respective sectors, which is obvious from their flimsy construction and crude driving characteristics. The previous Outlander’s available electric driving range deserves praise, but the revised three-row SUV falls short of expectations. Mitsubishi’s value retention rate of 41.3% is significantly lower than that of other brands. Every other Mitsubishi has a Mediocre or Poor IntelliChoice ownership rating, leaving just the outdated Outlander Hybrid.
Chrysler: 40.2 Percent Retained Value
Any carmaker would find it challenging to maintain a two-model lineup, especially if those options are designed to compete in some of the least-wanted segments of the market. But Chrysler is going in that direction. Despite having advantages of its own, the 300 sedan and Pacifica minivan just do not appeal to the tastes of contemporary drivers. Only a layer of gradual improvements can hide the 300’s deterioration. Considering that it is a minivan, the Pacifica (and its fleet-only Voyager counterpart) is actually rather decent. Although Chrysler’s future is uncertain, introducing models that are contemporary in design could increase the lineup’s average value retention rate of 40.2%.
Fiat: 39.5 Percent Retained Value
Fiat’s tiny, quirky cars briefly appeared ready to inject some Italian panache into the compact car market. But that period has passed, and it is now clear that Fiats are less attractive than they once were. The 500X subcompact crossover is the only vehicle currently offered by the brand. Its cute design and standard AWD can’t make up for its sloppy driving manners and shoddy construction. Fiat’s abysmal 39.5 percent retention rate is the weakest among major brands because the 500X symbolizes the complete lineup.
Is the Kia Forte a trustworthy car?
With a reliability rating of 4.5 out of 5, the Kia Forte is ranked sixth among 36 compact automobiles. Its great ownership costs are reflected in the $451 average yearly repair cost. The Forte is one of the more dependable automobiles on the road since repair needs are both more severe and less frequent than with other vehicles.
Cost
Compared to an average of $526 for compact vehicles and $652 for all vehicle types, the total yearly cost of repairs and maintenance for a Kia Forte is $451.
the typical annual sum for unplanned maintenance and repairs for all model years of a car. A vehicle’s greater average cost alone does not imply that it is less dependable. For instance, your car’s parts and labor may be pricey, especially if it’s a European luxury model, but if there are few serious problems and frequent service visits on average each year, that’s a sign of a dependable vehicle.
The typical annual frequency at which a vehicle is taken in for unplanned maintenance and repairs. This metric is produced by monitoring millions of distinctive automobiles over a number of years to ascertain the typical yearly visits for each make and model. Controls were included to prevent small, routine shop visits, such those for oil changes.
The severity element of dependability calculates the likelihood that a repair will cause a significant problem. The cost of a repair is assessed to be excessively expensive given the unscheduled nature of the repair if it is three times the average annual repair cost for all models. Due to their more expensive labor and component expenses, premium and luxury brands have a higher barrier.
Frequency
Compared to the average of 0.3 for compact cars and 0.4 for all vehicle models, Kia Forte owners bring their cars in for unplanned repairs 0.2 times less frequently each year.
How far can a Kia Forte go?
The Kia Forte may survive for many years and miles with routine oil changes and manufacturer maintenance. Currently, there are Forte models with more than 100,000 and even over 200,000 miles on them on the road! Take good care of your Kia vehicle to reap the benefits.
Drivers in Cleveland, Lorain, and Sheffield Lake, Ohio, may learn more about the Forte’s dependability by visiting Montrose Kia. Let’s get into the specifics now! Set up a test drive right away.
Is a used Kia Forte a dependable vehicle?
A Kia Forte can go between 150,000 and 200,000 miles with the right maintenance, according to several reliable car sources, including the Vehicle History website. The Forte will last you 1013 years before substantial repairs are required if you drive over 14,250 miles annually, which is the typical for American drivers. It’s important to note that the Forte has a 10-year/100,000-mile guarantee and a stellar J. D. Power dependability rating of 87 out of 100.
Having careful and safe driving habits will significantly extend the life of your Forte. If you’re looking to purchase a used Kia Forte, make sure to look into the vehicle’s service history and inquire as to whether the previous owners adhered to the recommended maintenance schedule, which is essential to achieving higher mileage without experiencing any issues.
Among the crucial services are:
- Change the engine oil at 7,500 miles, rotate the tires, and check the air intake and vacuum hoses.
- Replace your temperature control air filter at 15,000 miles, and check your brake system, steering gearbox, and air conditioning refrigerant.
What vehicle loses value the quickest?
Compact or subcompact cars make up the majority of cars that cost less than $25,000 and depreciate quickly. The Mitsubishi Mirage takes first place, losing an average of $9,300 or 57.8 percent of its value over the course of five years.
The second and third vehicles, both having a five-year average depreciation rate of 56.5 percent, are the Chevrolet Sonic and Volkswagen Jetta. With an average depreciation of 55.8% over five years, the Kia Rio comes in fourth. Fifth on the list is the Nissan Sentra, which depreciates at a pace of 55.3 percent over five years and an average loss of $11,115 in value.
As popular rental or fleet vehicles or because they have greater ownership costs in comparison to their price, the aforementioned cars have a tendency to lose value quickly.
How long will a Kia last?
Yes, Kia reliability is above average, to put it succinctly. Even though Kia had a bad reputation when it initially entered the US market about 20 years ago, a lot has changed since then. Currently, the brand is rated 4.0 out of 5.0 on RepairPal, placing third out of 32 brands of automobiles.
RepairPal uses driver-reported information on brand average yearly repair costs, the frequency of unexpected repairs, and the seriousness of needed repairs to calculate dependability scores. Kias and other vehicles with high RepairPal reliability ratings are less likely to experience frequent mechanical problems.
Kia offers one of the greatest new car warranties in the business as a guarantee for the dependability of its vehicles. Kia significantly outperforms the industry standard of three years for bumper-to-bumper coverage and five years for the powertrain. The Kia guarantee comprises a ten-year powertrain warranty as well as a five-year bumper-to-bumper warranty.
Your Kia should last for at least ten years if you follow up with routine maintenance. If not, the majority of significant problems are probably covered by warranty.
Kia Factory Warranty
One of the best manufacturer warranties in the industry is offered by Kia. A new Kia vehicle includes:
- 60,000-mile bumper-to-bumper warranty for five years.
- Powertrain warranty of 10 years and 100,000 miles
- Warranty against perforation for 5 years and 100,000 miles
- Roadside assistance coverage for 5 years and 60,000 miles
Kia J.D. Power Awards
Kia has received numerous J.D. Power honors for a variety of automobiles. The Kia Soul, Forte, Sorento, and Sedona, for instance, each received the Highest Quality award that year. A J.D. Power Dependability award was additionally given to the 2016 Kia Soul in 2019. This prize takes into account issues with used cars that are three years old.