Economy, Auto

MG6 Biggest Loser in UK Value

MG6 Biggest Loser in UK ValueMG6 Biggest Loser in UK Value

The MG6 has been named as the UK’s biggest value loser, according to a study that says the car is worth only a quarter of its price after three years.

The new study by CAP and Auto Express says the MG6, which cost $23,310 (£18,600) three years ago, lost more than $17,545 (£14,000) off its resale value.

The MG6 is now at the top of the list of worse-performing cars in the secondhand UK market.

The same car in the Iranian market, also from 2013, will cost 760 million rials ($22,000), while its latest model carries a 1.36-billion-rial price tag. The car would lose only $17,000 in three years (£13,000).

The MG6, said the magazine, has a “cheap interior, bland looks, grumbly engines and high running costs”, making it “completely devoid of desirability”.

Earlier in November, Media Motors, the primary distributor of MG cars in Iran, announced it was offering a sales package for MG6 with a loan of $17,000. The car is priced at 1,370,000,000 rials ($39,000 at market exchange rate).


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