10 new cars buyers dump within the 1st year of ownership:
Nissan is the only mainstream brand on the top 10 list, though for the lowly entry-level Versa and Versa Note subcompacts. “As both are among the lowest-priced cars in their segments, the Versa and the Versa Note do not have any of the latest standard safety features beyond the rearview camera and have basic no-frills interiors,” Ly explains. “Drivers may opt for rival vehicles with more safety features or for a vehicle with a more stylish interior.
The trend holds true among individual brands. Models from BMW , Porsche and Mercedes-Benz are most likely to be traded in within the first year of ownership, followed by Land Rover , Jaguar , and Mini , The list of SUVs most likely to be dumped in a hurry includes two decidedly sporty Porsches, the Cayenne and Macan. “Both of these vehicles are among the priciest in their vehicle segments, but lack the cargo capacity of their rivals,” says Ly. “In addition to the upfront added cost of purchasing the vehicle, the Cayenne draws criticism for its high cost of ownership and maintenance, while the Macan is among the worst in its class for fuel economy.
Meanwhile, the full-size Nissan Titan and its heavy-duty sibling, the Titan XD are the most likely models among pickup trucks to change hands quickly. As it is, these models sell in minute numbers compared to big pickups from the domestic brands. The automaker leads the pack as well in the sports car segment, with 7.8 percent of Nissan 370Z buyers returning them to the resale market within 12 months of delivery. The venerable Porsche 911 comes in second in this class at 7.1 percent.
But the glass can be perceived as being half full instead of as half empty with regard to the models most likely to be traded-in early. “Consumers may not be aware that these vehicles that are practically new can be found in the used car marketplace and can present incredible savings opportunities,” says Ly.The Fine Print: The accompanying list is based on an iSeeCars.com analysis of 46 million new-vehicle sales from the 2014-2017 model years.
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