Malaysia Car Depreciation 2026: Analysis of 820 In-House Records
Published: 4 August 2026Last updated: 4 August 2026
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.
What this study covers
This depreciation study by Intercontinental Motors reviews 850 raw in-house records, representing 820 unique observations after exact deduplication. The detailed segment articles use 37 selected model-and-variant observations with Malaysian launch or list-price references reported by paultan.org.
The study is designed to help Malaysian buyers understand how much value selected cars have lost and to help owners think more clearly about direct sale, trade-in and consignment. It is not a national market census and it does not apply a monetary mileage or condition adjustment.
Quick findings
2024 Toyota Hilux Rogue 2.8 - retained 81.2% of its reference new price, with 18.8% raw depreciation.
2024 Perodua Bezza 1.3 X - retained 77.5% of its reference new price, with 22.5% raw depreciation.
2024 Perodua Alza AV - retained 76.0% of its reference new price, with 24.0% raw depreciation.
2024 Perodua Myvi AV - retained 75.0% of its reference new price, with 25.0% raw depreciation.
2024 Toyota Vios G - retained 68.4% of its reference new price, with 31.6% raw depreciation.
The strongest selected result was the 2024 Toyota Hilux Rogue 2.8, which retained 81.2% of its reference price. This does not prove that every Hilux will outperform every other model. It means this specific in-house wholesale observation produced the lowest raw depreciation percentage among the 37 selected comparisons.
Segment-by-segment results
Segment-by-segment results
Segment
Lowest observed raw depreciation
Loss
Retained value
Detailed guide
A-Segment Cars
2024 Perodua Bezza 1.3 X
22.5%
77.5%
Read the comparison
B-Segment Hatchbacks
2024 Perodua Myvi AV
25.0%
75.0%
Read the comparison
B-Segment Sedans
2024 Toyota Vios G
31.6%
68.4%
Read the comparison
C-Segment Sedans
2023 Honda Civic E
37.4%
62.6%
Read the comparison
D-Segment Sedans
2021 Toyota Camry 2.5V
50.1%
49.9%
Read the comparison
Compact SUVs
2023 Perodua Ativa AV
33.4%
66.6%
Read the comparison
Mid-Size SUVs
2024 Mazda CX-5 2.0 High
37.8%
62.2%
Read the comparison
Premium SUVs
2023 BMW X1 sDrive20i xLine
46.5%
53.5%
Read the comparison
Family MPVs
2024 Perodua Alza AV
24.0%
76.0%
Read the comparison
Pick-Up Trucks
2024 Toyota Hilux Rogue 2.8
18.8%
81.2%
Read the comparison
Electric Vehicles
2025 Tesla Model 3 Long Range
31.8%
68.2%
Read the comparison
Why mileage must be read with the depreciation figures
Mileage affects wear, future maintenance expectations and buyer perception. However, a universal RM-per-kilometre deduction would be misleading. The value effect of 20,000 km is not the same for a two-year-old EV, a ten-year-old luxury sedan and a work-used pick-up truck.
A proper mileage-adjusted model would need a larger number of matching vehicles with the same model year, variant and specification, together with exact registration dates, condition grades, service history, accident and flood history, ownership type and location. For that reason, every article shows mileage and approximate kilometres per year but labels the ranking as raw observed depreciation.
Wholesale value is not the same as retail market value
Wholesale observations in Intercontinental Motors' in-house records reflect wholesale market conditions. A dealer buying a car must allow for inspection uncertainty, repairs, detailing, tyres, warranty exposure, financing support, marketing, stock-holding time and margin. A retail selling price may therefore be higher, but it is not guaranteed and may require time, presentation and buyer handling.
How buyers can use this study
Use the figures to understand the scale of depreciation, not to price an unseen car.
Compare the same year, exact variant, mileage band and ownership history.
Check whether the new-price reference includes SST exemptions, service packages or launch promotions.
Inspect the vehicle and review service, accident and flood history before booking.
Budget for ownership cost, not only the discounted used-car price.
Browse available used cars or read more used-car buying guides.
How sellers can use this study
Treat observed wholesale prices as indicative records rather than guaranteed retail values.
Prepare the exact variant, mileage, service history, ownership documents and loan settlement.
Repair small high-visibility defects and present the car professionally.
Decide whether speed or a retail-facing sales process matters more.
Owners can request a selling assessment or review managed car consignment. Intercontinental Motors can assist with pricing guidance, buyer enquiries, financing coordination, PUSPAKOM, ownership transfer and handover steps.
Frequently asked questions
Which car had the lowest depreciation in this selected study?
The 2024 Toyota Hilux Rogue 2.8 recorded the lowest raw depreciation percentage among the 37 selected observations, retaining 81.2% of its reference new price.
Does this study show the best resale-value car in Malaysia?
No. It shows selected July 2026 wholesale observations from Intercontinental Motors' in-house records. A national conclusion would require a much larger matched dataset with mileage, condition and registration adjustments.
Why are some luxury cars so cheap compared with new?
High starting prices, expired warranties, repair exposure, model updates and narrower demand can produce large ringgit depreciation.
Can consignment achieve more than an wholesale offer?
Consignment can target a retail-facing outcome, but the result and timing depend on condition, pricing, documents, demand and a real buyer completing the purchase.
How often should the study be updated?
The figures should be refreshed when a meaningful in-house data update is available or at least every three to six months if the pages continue to target current market searches.
Explore the depreciation series
Axia vs Bezza vs Saga Depreciation in Malaysia: What Our 2026 Records Show
Myvi vs Yaris vs Iriz Depreciation in Malaysia: What Our 2026 Records Show
Vios vs City vs Persona Depreciation in Malaysia: What Our 2026 Records Show
Honda Civic vs Proton S70 vs Mazda 3 Depreciation in Malaysia
Camry vs Accord vs Passat Depreciation in Malaysia
E-Class vs BMW 5 Series vs Volvo S90 Depreciation Malaysia
Ativa vs X50 vs HR-V Depreciation in Malaysia
Mazda CX-5 vs Honda CR-V vs Proton X70 Depreciation in Malaysia
BMW X1 vs X3 vs Mercedes GLC Depreciation in Malaysia
Alza vs Xpander vs Serena Depreciation in Malaysia
Hilux vs D-Max vs Triton Depreciation in Malaysia
Tesla, MG4 and MINI EV Depreciation in Malaysia
AI-assisted accuracy disclaimer: This article was prepared with AI-assisted analysis of selected wholesale observations from Intercontinental Motors' in-house records and publicly reported Malaysian launch/list prices. These in-house wholesale prices are wholesale observations, not guaranteed retail market values. Mileage and approximate kilometres per year are shown in the supporting articles, but no monetary mileage adjustment was applied. Vehicle condition, exact registration date, service and accident history, ownership, specification, location, tax treatment, incentives, manufacturer price changes and market demand may materially affect value. Verify all vehicle details, source prices and calculations before publication or before making any purchase, sale, trade-in or consignment decision.
