Want a Great Deal On a Pre-owned Premium Crossover? Cadillac’s SRX or Buick’s Enclave May Be Just The Ticket

[Gorehamj]

John Goreham
Contributing Writer, GM-Trucks.com
6-25-2018

 

A new study by our friends at iSeeCars looks at which vehicles had the largest decline in retained value after three years. In the crossover category, the SRX is the top vehicle in this regard with a 47% reduction in value from its new car MSRP. The second best deal on a three-year-old crossover the study found was the three-year-old Buick Enclave which sells for just under 46% of its price new.

iSeeCars.com analyzed more than 4.1 million car sales to identify which models had the greatest loss in value after three years. The BMW 5 Series was the top vehicle with an incredible 53% loss in valuation. Commenting on why the SRX and Enclave found their way to this list, iSeeCars CEO Phong Ly said, “The Cadillac SRX and the Buick Enclave, make the otherwise car-dominated list in the ninth and tenth spots making them attractive options for people interested in this booming vehicle segment. Trucks and truck-based SUVs are known for having the highest value retention, which explains why these vehicle types are absent from the top 10 list. Trucks as a vehicle category depreciate 23.3 percent in three years, which is two-thirds of the 35 percent average across all vehicle segments.”

 

The SRX was replaced by the XT5 in Cadillac’s lineup. The name change may be helping push down the vehicle’s value. “Discontinued cars typically have lower resale values than cars still in production,” explained Ly.