A 72-Year-Old Italian Star Barely Showing Its Age

Jan 04, 2019 794

BY: Roy Furchgott

Every year, J. D. Power highlights the automobiles that retain the highest percentage of their original price after three years. But the vehicle that beats them all never makes the list. This winner would seem an unlikely value champ. It looks much as it did 72 years ago, when it made its debut. It has a sparse half cubic foot of luggage space, and its base model sports an anemic 3.2 horsepower generating a top speed of 40 miles per hour. But there is a good reason it didn’t make the list. It’s not a car. It’s a scooter. Very specifically, a Vespa scooter.

Across all 24 classes of vehicles considered in the Resale Value Awards, average retention value for four-wheelers was 55.7 percent. For all Vespas it was 72.1 percent, according to data from J. D. Power, giving Vespa an edge by over 16 percentage points. With the exception of collectible vehicles, Vespa scooters hold their value better than anything else on the road, including other scooter and motorcycle brands.

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SOURCE: https://www.nytimes.com

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