Will my Mazda CX-5 holds its resale value?
I've read your reviews and understand you have been very positive towards the Mazda CX-5 and with good reason. Given the current life cycle and new options in the market (Nov 2016), would you buy a current model CX-5 or are there better options today? The CX-5 ticks all of the boxes for me, I am just concerned about ageing technology being replaced in the proposed new model and affecting resale value significantly. I am considering the GT 2.2L diesel.
CX-5 is an excellent SUV. All models get replaced, usually with better ones, and there is an effect on resale value. Current CX-5 is due for replacement early in 2017. Usually this effect on resale over time is small, unless you trade-in an old one just after the launch of a new one. Frankly, the biggest factors in respect of depreciation are a) time, and b) demand.
Australia is SUV mad, and CX-5 is the top-selling SUV. A relatively exclusive, upmarket CX-5 (like a diesel GT) is likely to hold up reasonably well on the depreciation front. (Depreciation is still a bastard, however - I’m not sure that’s strictly a financially literate term…)
The other thing that affects resale profoundly is a scandal - Ford Focus, Volkswagen and Jeep owners know all about that.
Frankly, Mazda spent so much money on the CX-5 and the SKYACTIV powertrains that I would expect new models of vehicles like Mazda3 and CX-5 to either roll on the same platforms or borrow heavily from that existing architecture in the redesign (it’s the economically rational way to do it) as well as use the same engines and powertrains, or mildly enhanced versions of same. Therefore, in ‘all new’ models I’d expect underlying engineering commonality, new body panels and a new-but-similar styling treatment (so they’d be sexed up but not enough to scare existing customers off). It’ll be an evolution, and a lot of the enhancements will be ‘off the shelf’ fluff - features they can just buy from Bosch, Aisin Seiki or Johnson Controls - whatever. Read also:
I guess what I’m saying is: If I were you I wouldn’t let the effect of this dictate my decision about the right time to buy. Other factors are possibly more relevant to you (age and condition of existing car, expiration of finance, tax depreciation of existing car, general need for replacement, etc.) Getting the vehicle for the right price regardless of model lifecycle timing is also critical.