Owners surprised to find Proton X70’s resale value less than 50% after only 3 years

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The owners of Proton X70 are generally surprised to find that the resale value of their cars is less than 50 percent only after three years of purchase.

Screenshots from the vehicle sales website are being shared on several forums and Facebook groups. A brief survey by Engear also discovered that the 2018 Proton X70 is being resold at prices below RM50,000, approximately RM47,800.

The 2019 model, on the other hand, is advertised at around RM59,000, with a range between 50,000 and 94,000. For us, this depreciation is not too severe, it’s still quite normal. However, only some units of the 2020 Proton X70 are being sold for as low as RM56,700 for the 1.8 Executive AWD variant.

This model was priced at RM115,800 at launch, so indeed its value has depreciated by less than 50 percent over three years. But not all units are the same, as there are still 2020 models priced at over RM80,000.

In reality, the depreciation of a vehicle depends on many factors, including the vehicle’s age, condition, accident records, service history, mileage, and perhaps accessories.

Prices also vary between direct sales from owners and used car dealerships. Another thing to consider is, even if the depreciation value is significant, why? Did you buy the car solely for resale?

If the purchased car serves us well, is enjoyable to drive, and we are satisfied with the purchase, then that should be enough. Not everyone buys a car for resale.

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