Is it possible to predict how rapidly a car will depreciate, allowing me to sell at the best time?

Is it possible to predict how rapidly a car will depreciate? I have a 2014 Mercedes C-Class Estate, which I bought when it was a year old. It had already lost about £10,000 of its original value at that point. It has done 62,000 miles, has been completely reliable and runs as well as it's ever done. It's probably worth £8000-10,000. I see no reason to change it at the moment but would like to trade it in before it becomes worthless. I would imaging that there is an optimum point at which one should sell?

Asked on 2 March 2020 by James Clayton

Answered by Dan Powell
It's quite easy to track vehicle valuation with our used car pricing tool. It's based on real-time classifieds and lists values for most makes, models and years of car: www.honestjohn.co.uk/used-prices
Similar questions
I notice used prices of 5 year old premium models like Mercedes E-Class, Audi A6 and BMW 5 Series are within reach of my budget. Even official dealers are selling them for £15k to £20k approved used. Why...
How much depreciation is lost each month on a car?
I'm looking to buy a one year old Range Rover D300 HSE, or a Porsche Cayenne E Hybrid. Both will be around 5k miles, and I intend to keep them until they are five years old. I'm worried about bad press...
Related models
Much improved interior quality. More refined and better to drive than predecessor. Strong 2.0-litre four-cylinder diesel engines on facelifted cars.