Executive Automotive Analyst
NADA Used Car Guide
Redesigns present automakers with their best opportunity for market growth; a lack of updates virtually condemns manufacturers to stagnation or decay. 2015 MY will be one of most important in recent memory for shaping automotive landscape when 34 redesigned models will hit marketplace. For context, redesigns have averaged 22 per year since 1989. Changes to the design itself is highly subjective, which makes it harder to estimate total redesign effect.
Within Design Generation 1 Year-Old Vehicle Usually 15–20% More Expensive than 2 Year-Old:
Redesign increases spread significantly, adding another 15–20% on top of premium already held by 1 YO model.
Life Cycle Duration or Number of Years Since Last Redesign Affect Used Values:
Amount of competition within a segment and the quality of design itself also have effects.
Powertrain Traits – HP, Torque and Fuel Economy – Also Wield Considerable Clout:
All these factors overshadow issues such as reliability, warranty and safety influencing value.