In a hurry to trade your new Buick Regal for something else? You’re not alone, as the sedan joins a handful of models traded-in after a year of ownership.
Per a report by iSeeCars.com, 2.7 percent of vehicles bought new end up on the used lot after being on the road for one year, Forbes reports, with trade-in rates as high as 11 percent for a specific model.
The models brought back to the sales lot run the gamut, from $18,000 subcompacts to $45,000 luxury sedans. The Regal tops the list with 10.7 percent of owners exchanging their keys after a year, the Chevrolet Sonic takes second with 8.9 percent, and the BMW X1 at a close third with 7.8 percent. The Dodge Charger, Mercedes-Benz C-Class sedan, Chevrolet Cruze and Nissan Frontier also make the list.
As for why the sudden change of heart, quality or the perception of quality played a key role; the aforementioned models were rated poorly by owners surveyed in J.D. Power’s 2014 U.S. Initial Quality Survey. ISeeCars.com CEO Phong Ly says those issues usually involve technology, such as connected-vehicle systems, voice command, and Bluetooth connection, and aren’t so much “problems” as they are difficulties with said technologies.
Those looking for a deal on those models will likely be happy with what they find on the used lot, though. The 2014 Regal with average mileage comes with a price tag 32.2 percent less than new, while the C-Class and Charger lost 31.0 percent and 28.4 percent in new-car value after a year, respectively.
[Photo credit: Alex L. Dykes/The Truth About Cars]
The post Buick Regal Tops Among Those Traded-In After One Year Of Ownership appeared first on The Truth About Cars.
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