Owners surprised to find Proton X70’s resale value less than 50% after only 3 years
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.
why so low resale value? no, not because it’s a local car, but because this car model is well-known to be a fuel guzzler. MAKAN MINYAK, BEB.
spare parts are expensive, so it makes no sense to get this car without a manufacturer’s warranty (used car = expired warranty). not easy to find cheap OEM parts, unlike old Proton models that are replica of japanese models.
This really answered my problem, thank you!
The author is giving misleading title.
The title says resale value after 3 years, but given that this article was written in 2024 and all the X90s advertised are from 2018 and 2019, making those cars at least 5 to 6 years old. This no where near the 3 years claimed by the author.
Given that a car loses around 10% of its value every year, it is only natural for the X90 to lose 50% after 5 to 6 years.
This article is totally misleading.
The initial X70 CBU models had some bad publicity on car’s durability, battery problems & fuel guzzler. Warranty parts took a long time to replace & mechanic’s expertise in solving technical problems were inadequate! When the CKD models X70-1.5 were available, much of the “teething problems” disappeared & even the administrative problems improved! There’s still room for improvement on all areas but for sure, both the X70 & X50 models are winners among competitors! If there are 3 years old well/regularly maintained X70s in the market, I strongly recc. those interested to own pre-owned cars to look no further because I speak from experience & good market knowledge on vehicle’s value in pre-owned cars!
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