Renault Megane loses value quickest
Renault Megane drivers look away now. A new study into the value of cars bought in 2009 shows the French hatchback has lost more of its value than any other car on the road.
A Renault Megane bought in 2009 for the princely sum of £17,135 will now be worth just £7,255 - a loss of 68.3 per cent, according to data from used car classified brand Adzuna.
It finished only slightly ahead of the luxury Jaguar XJ saloon, which lost over £20,000 in value over the four years.
The XJ dropped in value from £43,752 to £19,073, a dip of 67 per cent, in the survey of 60,000 used cars currently on sale.
The XJ represented a disappointing trend for British car buyers after the research showed cars built in Britain lose an average of 51 per cent of their value over four years, more than cars from any other country.
Britain finished ahead of last year's depreciation losers, France, after the latter saw car values fall by 49 per cent on average - although France did have three cars in the top ten worst offenders with the Peugeot 206 and Peugeot 308, two generations of the same model, appearing fifth and sixth respectively.
At the other end of the scale Smart ForTwo owners may be much-maligned due to the quirky nature of their compact city cars but they have had the last laugh with a depreciation rate of just 25.7 per cent over four years.
It even pushed the Volkswagen Polo into second place by 0.2 per cent after it was revealed a Smart car lost just £1,000 of its £6,905 price tag over three years.
For those who are looking for a little more power than the 70bhp Smart ForTwo there were three performance cars in the top ten cars.
Incredibly, an £80,000 Audi R8 supercar is the third-best car in the UK for holding its value with a depreciation rate of 32.1 per cent. An Audi R8 bought in 2009 is now worth £63,081, according to the data.
Meanwhile, the £170,000 Ferrari F430 was in fourth place and is now worth £131,686 while the Lamborghini Gallardo can still fetch £107,404, just 34.2 per cent cheaper than its £140,000 original price.
Written by Stephen Hurrell