Territory Stories

The Centralian Advocate Fri 10 Jun 2022



The Centralian Advocate Fri 10 Jun 2022


Centralian Advocate; NewspaperNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers; Australia, Central -- Newspapers

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News Corp Australia

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News Corp Australia



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MOTORING 03 V1 - NTNE01Z01MO Used car prices have soared in the past couple of years but the market is tipped to return to more normal conditions over the coming months.When that happens, there are ways to minimise your losses when buying a new car. Car valuing bible Redbook has crunched the data on thousands of cars to come up with the 10 nameplates predicted to retain the most value over the first three years and 45,000km of ownership. The general manager of Redbook.com.au, Ross Booth, says the top performers all have that special X factor. Theyre either 4x4s, EV technology, sports car or an affordable luxury car, he says. Hard core off-roaders designed to adventure and tow dominate the list, but an electric vehicle makes the cut. 1 TOYOTA LANDCRUISER (resale 80-83 per cent) It only launched late last year but already waiting times have blown out to a year or more for the 300 Series LandCruiser. Buyers appear unfazed by the switch from V8 power to V6. and the end of a diesel in the Grand Cherokee. But extra seats, more tech and an improved driving experience make the Grand Cherokee desirable. Booth puts it down to two years of lockdowns and peoples desire to explore. Its that Covid factor of I want to go away, I want a fair dinkum four-wheel drive, he says. The Grand Cherokee has historically had its quality perception issues but a fresh design has increased its appeal. 5 LAND ROVER DEFENDER (76 to 79 per cent) Nothing shouts adventure like a Land Rover Defender. And while many may rue the demise of the previous model with DNA harking back to the original Land Rover of 1948 they have been drawn to the new models striking retro design and its ability to tackle tough terrain. Its a purposeful vehicle that does what people want it to, says Booth. Long waiting times for new versions make used examples tempting. CONTINUED NEXT PAGE Supply is quite short at the moment and we anticipate it will be for some time and demand has gone through the roof, Booth says. And the reason for that demand? The perception of Toyota reliability is one of the key driving factors that keeps residual values strong. 2 RAM 1500 (78 to 81 per cent) Big American pick-up trucks are turning into big business in Australia and the RAM has one of the best names in the business, according to Booth. Thats partly because it was the first of the big three the others being Ford and Chevrolet to ride the current pick-up wave. A lack of supply and an appetite for heavy lifting help cement resale values. Its a purposeful vehicle its a very, very good tow vehicle. 3 TESLA MODEL 3 (78 to 81 per cent) The Model 3 accounts for about two-thirds of the EV market in Australia. Thats largely because its one of the more affordable of the desirable EVs (as opposed to the less exciting cheaper ones). But Booth says the biggest driver of strong used prices is the Tesla brand.Its actually not a vehicle, its a statement in technology in the used market its the number one EV. 4 JEEP GRAND CHEROKEE (76 to 79 per cent) The new generation brought price increases Depreciation is the big hidden cost of car ownership. These cars soften the blow. TOBY HAGON ease the pain RAM TESLA JEEP LAND ROVER