HPI reveals massive residual value swings for exotic cars

Footballer’s favourite, the Bentley GT Coupe is depreciating at £500 more per week than it did 12 months ago, reveals HPI, the leading independent vehicle information provider. This means owners will lose over £67,000 in value, which is 56% of its £120,000 new price tag, in the first year. According to HPI’s valuations experts, depreciation on a new Bentley was just £41,000 this time last year, making it a 22% increase and offers consumers a list of cars worst hit by residual value.

“The used car market offers a reflection of the state of the economy,” explains HPI Valuations authority Martin Keighley. “When the good times roll, the luxury models get snapped up. However, in lean times prestige models flood the market and values begin to plummet.

“Over recent years, many luxury and sports cars such as Bentley, Aston Martin and Lamborghini have been bought on the back of the flourishing economy, by those with huge city bonuses or Premiership wages. However, now we are seeing large numbers of these 1-3 year old vehicles struggling to find buyers in a difficult market. With consumers lacking confidence or simply unable to get the finance deals that were once open to them, these boom models are around in much higher numbers, thus values are taking a huge hit.

“Looking ahead, the huge rate of depreciation means the more affluent consumers will change they way they shop. Luxury models such as Ferrari and Porsche used to have bullet proof residuals, but with consumer confidence at an all time low these once secure purchase items will not seem so attractive. Buyers are going to be looking at how well a vehicle holds its value before splashing out, which doesn’t bode well for high end models.”

HPI’s boom to bust residual values swingers

Bentley Continental GT Coupe
Porsche Boxster, 911, Cayenne
Audi A4 Cabriolet, A8, TT, A6, Q7
Saab Convertibles
BMW Z4, X5, X3, M3, 5 Series, 7 Series
Volvo V70, XC90
Mercedes ML, SL, CLK, SLK
VW Toureg
Aston Martins
Lamborghinis
Ferraris