{"id":131942,"date":"2019-06-28T08:45:34","date_gmt":"2019-06-28T12:45:34","guid":{"rendered":"http:\/\/www.automoblog.com\/\/?p=131942"},"modified":"2024-05-01T06:02:37","modified_gmt":"2024-05-01T10:02:37","slug":"10-most-abandoned-cars-one-year","status":"publish","type":"post","link":"https:\/\/www.automoblog.com\/10-most-abandoned-cars-one-year\/","title":{"rendered":"10 Most Abandoned Cars Within One Year of Ownership"},"content":{"rendered":"<ul>\n<li><em>New research finds some vehicles are abandoned after just one year.&nbsp;<\/em><\/li>\n<li><em>Feature availability and high monthly payments are among the top reasons.&nbsp;<\/em><\/li>\n<li><em>Now on the used market, these cars may be a savings opportunity&nbsp;for buyers.<\/em><\/li>\n<li><em>The study <a href=\"https:\/\/www.iseecars.com\/new-cars-owners-dont-keep-2019-study\" target=\"_blank\" rel=\"noopener noreferrer\" data-lasso-id=\"17627\">from car search engine iSeeCars<\/a> analyzed over 40 million new car sales.<\/em><\/li>\n<\/ul>\n<p>You might be on either end of the typical car ownership spectrum: someone who trades it in when the novelty wears off; or you hold onto your car until it\u2019s no longer drivable. Whichever category you fall into, you likely won\u2019t be getting rid of your vehicle while the new car smell still lingers. And if you resemble the average buyer, you\u2019ll keep your ride for around seven years. However, this is not always the case, as new data reveals the 10 most abandoned cars within one year of ownership.<\/p>\n<h2>Sifting Through The Data<\/h2>\n<p>3.4 percent of new cars don\u2019t make it to one full year of ownership. While that doesn\u2019t seem like a large number, it accounts for a significant share of the used car marketplace. At iSeeCars we wanted to determine which new cars are given up the most&nbsp;within one year. We also wanted to uncover possible explanations as to why they are relinquished so quickly. To solve this puzzle, we analyzed 46 million new car sales to see which vehicles were most often resold within one year.<\/p>\n<p>Our list provides an interesting mix. Here are the 10 most abandoned cars within one year of ownership.<\/p>\n<figure id=\"attachment_131945\" aria-describedby=\"caption-attachment-131945\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/06\/New-Cars-Buyers-Give-Up.jpg\" rel=\"attachment wp-att-131945\" data-lasso-id=\"17628\"><img decoding=\"async\" class=\"wp-image-131945 size-large\" src=\"http:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/06\/New-Cars-Buyers-Give-Up-750x636.jpg\" alt=\"\" width=\"750\" height=\"636\"><\/a><figcaption id=\"caption-attachment-131945\" class=\"wp-caption-text\">10 most abandoned cars within one year of ownership.<\/figcaption><\/figure>\n<h2>10 Most Abandoned Cars: Luxury Vehicles Top The List<\/h2>\n<p>Eight of the top 10 models are from luxury automakers with an even split between German and British marques. Earning the distinction as the only non-luxury brand is Nissan, which had two models on the list. The top spot belongs to the Mercedes-Benz C-Class with 12.4 percent resold within the first year, more than 3.7 times the overall average. The second German manufacturer is BMW. They have the most models on the list including the 3 Series, X1, and X3.<\/p>\n<p>So why are these popular luxury vehicles quickly abandoned by their owners? One possible explanation could be their spotty reliability during the model years examined. However, since reliability woes aren\u2019t common within one year of ownership, more plausible reasons prevail.<\/p>\n<h2>What Is &#8220;Car Punching?&#8221;<\/h2>\n<p>A possible explanation involves the incentives that BMW and Mercedes-Benz provide dealers for selling new cars. These generous incentives encourage dealers to purchase their own new cars, using them as loaner vehicles briefly before reselling them. This practice &#8220;boosts&#8221; the dealer\u2019s initial sales while still introducing customers to the latest and greatest as their current vehicles are being serviced. This tactic, known as &#8220;car punching,&#8221; is one of the used car industry\u2019s <a href=\"https:\/\/www.autonews.com\/article\/20160321\/RETAIL01\/303219956\/punching-cars-hurts-everyone\" target=\"_blank\" rel=\"noopener noreferrer\" data-lasso-id=\"17629\">dirty little secrets<\/a>. While iSeeCars removed anything driven less than 1,000 miles to eliminate obvious instances, punched cars from these manufacturers are likely still included in the study.<\/p>\n<p>The additional luxury vehicles &#8211; Land Rover Discovery Sport and Range Rover Evoque, Mini Clubman, and the Jaguar XF &#8211; all come from British automakers. Similar to the German vehicles on the list, the Discovery Sport and Range Rover Evoque both have less than stellar projected reliability ratings from J.D. Power. Meanwhile, Jaguar is plagued by expensive operating costs and the Mini Clubman is among the most expensive in its class, exacerbated by <a href=\"https:\/\/www.fueleconomy.gov\/feg\/Find.do?action=sbs&amp;id=40008&amp;id=41004&amp;id=39938&amp;id=40813\" target=\"_blank\" rel=\"noopener noreferrer\" data-lasso-id=\"17630\">lower than average fuel economy ratings<\/a>.<\/p>\n<p>The appearance of these German and British vehicles hint at a broader trend among luxury vehicles as a whole. When examining the vehicles given up most often from a brand perspective, eight of the top 10 are from luxury automakers. Fiat and Nissan are the notable exceptions.<\/p>\n<figure id=\"attachment_131944\" aria-describedby=\"caption-attachment-131944\" style=\"width: 750px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/06\/Brands-Given-Up.jpg\" rel=\"attachment wp-att-131944\" data-lasso-id=\"17631\"><img decoding=\"async\" class=\"wp-image-131944 size-large\" src=\"http:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/06\/Brands-Given-Up-750x1466.jpg\" alt=\"\" width=\"750\" height=\"1466\"><\/a><figcaption id=\"caption-attachment-131944\" class=\"wp-caption-text\">10 most abandoned cars within one year of ownership.<\/figcaption><\/figure>\n<h2>Loaded Versus No Frills<\/h2>\n<p>Why do luxury car owners get buyer\u2019s remorse more often than non-luxury car buyers? It could be because luxury buyers are quickly bored with their vehicles, yet have the disposable income to suffer the depreciation hit.<\/p>\n<p>A more settling reason could be because the German and British models here are among the lowest-cost ones from their respective brands. This could mean they are a customer&#8217;s first foray into luxury car ownership. If that\u2019s the case, they may realize owning a luxury vehicle simply isn\u2019t for them. Or, more depressingly, they can <a href=\"https:\/\/www.policygenius.com\/blog\/can-you-really-afford-a-luxury-car\/\" data-lasso-id=\"17632\" rel=\"noopener\">no longer afford to make the monthly payments<\/a> and relinquish the vehicle. They may also find the base models of these vehicles aren\u2019t as luxurious as they anticipated.<\/p>\n<p>The Nissan Versa Note hatchback and its sedan counterpart round out the list. Unlike the luxury vehicles previously noted, these subcompacts are among the lowest-priced cars in their segment. The Versa and the Versa Note each have no-frills interiors and lack standard safety features beyond a reverse camera. The consumers who purchase these cars likely decide to upgrade to something with a nicer interior and more features.<\/p>\n<p><a href=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/06\/Average-Discounts.jpg\" rel=\"attachment wp-att-131943\" data-lasso-id=\"17633\"><img decoding=\"async\" class=\"wp-image-131943 size-large\" src=\"http:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/06\/Average-Discounts-750x765.jpg\" alt=\"\" width=\"750\" height=\"765\"><\/a><\/p>\n<h2>A Silver Lining For Consumers<\/h2>\n<p>The data shows the average savings for a car sold within a year of ownership is 17.4 percent less than the vehicle was new. The vehicle with the largest price reduction is the Jaguar XF at 25.9 percent, amounting to over $16,000. Other vehicles with discounts above the average include the Mini Clubman, Mercedes-Benz C-Class, Nissan Versa Note, and the BMW 3 Series.<\/p>\n<p>Regardless of why these vehicles were given up, they may present some incredible savings opportunities in the used car marketplace.<\/p>\n<blockquote><p><strong>Related:<\/strong>&nbsp;Here are <a href=\"https:\/\/www.automoblog.com\/longest-lasting-vehicles\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-lasso-id=\"17634\">14 of the most reliable vehicles<\/a> on the market today.<\/p><\/blockquote>\n<h2>Future Considerations<\/h2>\n<p>If you\u2019re looking for a new car, it\u2019s important to understand you can likely find a less than one-year-old version. Especially if you\u2019re willing to travel to get the best deal. While some vehicles here may have below-average reliability, they could have been abandoned simply because they did not align with the buyer\u2019s lifestyle. As with any vehicle purchase, it\u2019s important to do your research. Check to see if there are any underlying quality issues or concerns; then decide if a one-year-old car is worth pursuing.<\/p>\n<p><em>Julie Blackley is the Communications Manager for automotive research firm iSeeCars.com who enjoys analyzing car data more than she cares to admit. She helps readers better understand the market so they can make informed decisions regarding vehicle ownership. Julie&nbsp;also spends a great deal of time wrangling her two toddlers in and out of her own vehicle.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New research finds some vehicles are abandoned after just one year.&nbsp; Feature availability and high monthly payments are among the top reasons.&nbsp; Now on the used market, these cars may be a savings opportunity&nbsp;for buyers. The study from car search engine iSeeCars analyzed over 40 million new car sales. You might be on either end of the typical car ownership spectrum: someone who trades it in when the novelty wears off; or you hold onto your car until it\u2019s no [&hellip;]<\/p>\n","protected":false},"author":137,"featured_media":132029,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43035],"tags":[],"model":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/posts\/131942"}],"collection":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/users\/137"}],"replies":[{"embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/comments?post=131942"}],"version-history":[{"count":0,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/posts\/131942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/media\/132029"}],"wp:attachment":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/media?parent=131942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/categories?post=131942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/tags?post=131942"},{"taxonomy":"model","embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/model?post=131942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}