Mazda Depreciation: Do They Hold Their Value?


in Car Costs and Prices
White Mazda parked on a road
Source: Pixabay

Mazda vehicles are renowned for their sleek design, reliable performance, and enduring value. When considering the purchase of a car, one of the critical factors for buyers is how well the vehicle will hold its value over time, aka value retention. This is especially true if you’re planning to sell your Mazda in the future.

Understanding the depreciation trends and resale value of Mazda cars is essential for both current owners looking to sell as well as prospective buyers. With that said, many of you are probably asking: do Mazdas hold their value?

Mazdas are often praised for their ability to retain a significant portion of their original value, making them a potentially wise investment in the long term. However, it’s nowhere near as good as its Japanese contemporaries like Honda and Toyota. Today, we discuss several specifics of how Mazda fares regarding current market value and retention and examine the best and worst models for depreciation.

Do Mazdas hold their value? We used our handy Price Pulse Tool to gain important insights regarding Mazda’s performance trends in the used car market:

  • Price Increase Over Time: The graph indicates a price premium of $4,903 or a 26% increase over the original price forecast. This suggests that Mazda vehicles are currently selling for more than what was initially expected. The rise in the price premium could also reflect broader market conditions affecting the used car market, such as inventory/supply chain shortages or increased demand for reliable used vehicles.
  • Current Value Retention: Right now, the average selling price for a used Mazda is $23,193, which is quite a bit more than the expected $18,290. This means that used Mazdas are doing a great job at keeping their worth and are fetching higher prices than people thought they would in the second-hand car market.
  • Stability in Resale Price: The red line shows that Mazda vehicles have retained their value consistently over time, with slight depreciation observed from October 2021 onwards.
  • Short-Term Trends: The “Current Price” trends for 30 and 90 days show a negligible decrease (0% and -1%, respectively), which, again, points to a very stable short-term resale value.
  • Comparison to Peak Prices: Currently, used Mazdas are selling for a little less than their top price from last year. On August 31, 2022, they were going for as much as $24,805, but they’ve dipped by $1,612 since then. So, although they’re not fetching their highest price from the past year anymore, they’re still doing pretty solid overall.
  • Overall Assessment: According to recent data, Mazdas retain their value better than expected, making them a smart investment for those in the market for a used car. While this may result in a higher upfront cost, the long-term benefits are worth considering. With this trend continuing, Mazdas will likely hold their value better than other cars, making them a wise choice for buyers looking to make a sound investment.

Do Mazdas hold their value? Yes, Mazdas hold their value well. On average, used Mazdas preserve their value better than other brands, but not as well as Honda and Toyota. However, the tool only provides a snapshot of trends and may not account for future market changes. Factors like gas prices, new models, and consumer preferences can affect future depreciation. Economic conditions and new releases can affect Mazda’s value retention like any vehicle.

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Which Mazda Cars Have the Best and Worst Resale Value?

While Mazdas have fairly good value retention, not all models are created equal in terms of resale value.

Best Resale Value:

  • Mazda MX-5 Miata: The Miata is often highlighted for its excellent resale value due to its popularity, engaging driving experience, and iconic design. According to iSeeCars, it preserves 68.8% of its value after five years, making it the top performer in terms of resale value​.
  • Mazda MX-5 Miata RF: Following closely behind the standard Miata is the retractable fastback (RF) version, which holds 68% of its original value over the same 5-year period.
  • Mazda CX-3: The Mazda CX-3 is a subcompact crossover SUV known for its stylish design, engaging driving experience, and efficient performance. This subcompact crossover offers a respectable resale value of 64.4% after five years, based on the same research by iSeeCars.

HOW LONG DO MAZDAS LAST?

Does Mazda’s reputation for reliability translate to longevity? How long do Mazdas last? We’re taking a deeper look into Mazda’s longevity and reliability for today’s post. 

Worst Resale Value:

  • Mazda Mazda6: The midsize sedan Mazda6 shows a depreciation of 43.8% over five years, making it one of the lower resale values within the Mazda lineup​. The Mazda6’s lower resale value is influenced by the declining popularity of sedans, higher depreciation rates, and intense competition in its segment, which affects demand and market value.
  • Mazda CX-5: Although not the worst, the CX-5 does experience a significant depreciation rate, losing 39.8% of its value over a five-year period​. The Mazda CX-5 doesn’t hold its value as well because it’s in a crowded market with lots of competition, it has a mediocre depreciation rate, and people often prefer newer SUVs with the latest bells and whistles.
  • Mazda CX-30: This newer compact crossover model depreciates slightly less than the CX-5, with a five-year rate of 38.4%​. The Mazda CX-30’s resale value is somewhat lower due to it being a newer model, competition in the compact SUV market, and typical depreciation trends for new vehicle models in its class.

It’s essential to consider various factors, such as vehicle condition, mileage, market trends, and regional demand, which can influence these figures.​

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