Which Hyundai Venue trim holds its value better?
Many of Hyundai’s smaller vehicles are star performers in the value retention stakes, due to their popularity in the market and a good reputation for durability. Does the Venue compact crossover continue this tradition? We checked up on this model’s initial depreciation, to determine which trim holds its value better after the first year.
To get a real-world indication of the Venue’s value retention, we looked at the 2020-vintage cars listed here on AutoTrader, because there are too few 2019 examples on site (the first partial year of availability) to obtain reliable statistics. We then compared their current market values to what they cost when new, to determine how much they are currently worth in the marketplace, expressed as a percentage of their original value.
We further imposed a mileage limit of 15 000 km per year, for a distance cap of 30 000 km. Seeing as Hyundai’s excellent warranty provides cover for 7 years or 200 000, these used cars will still have a better warranty in place than most new cars in this price bracket, although these Venues' service plan for 3 year or 45 000 km will be about halfway gone by now.
2020 Hyundai Venue 1.0T Motion (manual)
New price: R 291 500
Current market value: R 286 583
Percentage of value retained: 98.3%
The entry-level Venue opens up this depreciation comparison with a very strong showing of 98.3% value retention after one year. In a very crowded market segment with a host of very appealing alternatives, this is an impressive performance, and bodes well for the higher-trim variants as well.
2020 Hyundai Venue 1.0T Motion (DCT)
New price: R 325 900
Current market value: R 299 830
Percentage of value retained: 92.0%
Adding a dual-clutch automatic transmission (DCT) to the Motion trim’s specification shows a considerable impact on its popularity in the used market. Retaining only 92% of its original value after a year, the Motion DCT is markedly less popular than its manual counterpart.
2020 Hyundai Venue 1.0T Fluid (Manual)
New price: R 330 900
Current market value: R 299 947
Percentage of value retained: 90.6%
Mid-level Fluid trim and a manual gearbox makes for an even better used Venue buy, because this variant drops almost 10% of its market value after a year. It should be noted that this trim level likely wasn’t as popular as the lower-spec ones when new, either, as shown by the much smaller sample size of cars listed here on AutoTrader.
2020 Hyundai Venue 1.0T Fluid (DCT)
New price: R 367 900
Current market value: R 323 723
Percentage of value retained: 88.0%
Mirroring the entry-level Motion derivative’s value retention, the DCT-equipped version retains considerably less of its value than the equivalent manual variant. In this case, the value retention drops to 88% (down more than 2% on the manual Fluid).
2020 Hyundai Venue 1.0T Glide (DCT)
New price: R 393 500
Current market value: R 373 233
Percentage of value retained: 94.8%
Moving up to the highest-spec Venue (which is only available with the DCT) sees a remarkable rebound in value retention. It’s not quite at the level of its entry-level, manual-gearboxed sibling, but retaining 94.8% of its new-car value after a year is a very good showing nonetheless.
Verdict
It’s very interesting that the Hyundai Venue retains its value the best at the extremes of its range, with the mid-level variants performing significantly worse than the book-ends. For new-car buyers, that means that either an entry-level Venue or a top-spec one should represent the best investments, because they’re the slowest to lose their value.
But, for used-car buyers, it means that the bargains will be found in the middle of the range. However, the Venue’s overall performance in this regard is a bit disappointing, especially given how well other Hyundais (such as the first-generation Grand i10) retain their value over even longer periods.
