Honda Civic vs Proton S70 vs Mazda 3 Depreciation in Malaysia

Published / last reviewed: 18 July 2026

Prepared by the Intercontinental Motors Market Insights Team. Vehicle-specific figures should be reviewed by the Intercontinental Motors valuation team before publication.

Quick answer

In this selected sample from Intercontinental Motors' in-house records, the 2023 Honda Civic E recorded the lowest observed raw depreciation at 37.4%, retaining 62.6% of its reference Malaysian new-car price. Its observed in-house wholesale price was RM78,700 against a reference new price of RM125,634.

It was also the lowest-mileage vehicle in this comparison, so part of the apparent advantage may be related to mileage. The ranking is not mileage-adjusted.

Why this comparison matters

C-segment sedans attract buyers who want stronger performance, more refinement and more equipment than a basic commuter car. The higher original price can create a larger ringgit loss, while technology, turbocharging and advanced safety systems make condition especially important.

The figures below use observed in-house wholesale prices rather than retail asking prices. Wholesale values usually allow for inspection uncertainty, preparation cost, warranty exposure, financing support, stock-holding time and dealer margin. They should not be presented as guaranteed retail market values.

Depreciation comparison

Depreciation comparison

Vehicle Mileage (approx. per year) In-house wholesale price Reference new price Value retained Actual depreciation Simple loss per year

2023 Honda Civic E 48,815 km (16,272/yr) RM78,700 RM125,634 62.6% RM46,934 (37.4%) RM15,645

2024 Proton S70 Flagship X 70,929 km (35,464/yr) RM55,900 RM94,800 59.0% RM38,900 (41.0%) RM19,450

2018 Mazda 3 SKYACTIV-G High 2.0 93,804 km (11,726/yr) RM39,500 RM124,172 31.8% RM84,672 (68.2%) RM10,584

What the sample shows

From lowest to highest raw depreciation, the selected observations rank as: Honda Civic E (37.4% loss), Proton S70 Flagship X (41.0% loss), Mazda 3 SKYACTIV-G High 2.0 (68.2% loss).

The gap between the lowest and highest raw depreciation was 30.8 percentage points. The lowest simple annual ringgit loss was Mazda 3 SKYACTIV-G High 2.0 at RM10,584 per model year. Percentage loss, actual ringgit loss and annualised loss measure different things, so they should be read together.