SUVs and utes are holding their value extraordinarily well after three years - fuelled in part by the overseas travel ban.
The Toyota Prado is a particularly stronger performer, with 2018 versions of the four-wheel drive retaining an extraordinary 88 per cent of their value, Datium Insights data showed.
A 2018 Kakadu model with more than 97,000km has an asking price of $76,220, with motorists keen for durable, off-road vehicles. This is just $10,000 less than a brand new 2021 model, which sells for $87,030.
The medium-sized RAV4 also did well, keeping 78.1 per cent three years after leaving the showroom - even though it was superseded in 2019.
SUVs and bestselling utes are holding their value extraordinarily well after three years as Australians continue to be banned from travelling overseas. The Toyota Prado is a particularly stronger performer with 2018 versions of this larger four-wheel drive retaining 88 per cent of their value, Datium Insights data showed
A 2018 Cruiser model, of the old shape, has an asking price of $41,000 with this example having just 16,000km on the odometer.
That is virtually the same as a new two-wheel drive petrol model, which sits under the hybrid in the model range.
Utes are also sought after on the used car market with the Toyota HiLux having a 86 per cent resale rate, despite having a significant facelift in 2020.
A 2017 SR dual cab example is now on the market for $43,990 despite having more than 141,000km on the clock.
That's barely cheaper than the brand new price of $48,885 for a version with a 2.8 litre
