As one of South Africa's best-selling passenger cars, the Corolla Cross has established itself as a well-priced, reliable and practical crossover. How does this locally-produced model hold its value, though?
The Toyota Corolla Cross has established itself as a favourite among South Africans as consumers shift from hatchbacks and sedans to crossovers and SUVs. Not only does the Cross wear the iconic Corolla badge, but it also happens to be practical, incredibly well priced and built right here in South Africa. How can you determine how much a Corolla Cross is worth, though?
How do I find out how much my Corolla Cross is worth?
Here’s an easy way to find out how much your Corolla Cross is worth by using the AutoTrader website.
Use the “Value Your Car” tool on AutoTrader to estimate your car’s worth based on several parameters. To use this tool, follow these steps:
- Go to AutoTrader
- Click on “Value Your Car” in the top menu.
- Enter your car’s make, model, year, mileage, and condition. You’ll also be able to select certain specifications.
- Click “Get Valuation”.
- Review the estimated value of your car.
Another option is to check similar models on AutoTrader to find out what your Corolla Cross is worth versus similar models on the platform.
- Go to AutoTrader
- Click on “Cars For Sale” in the top menu.
- Type “Toyota Corolla Cross” in the search bar and click “Search” or click here to search for Corolla Cross models.
- Browse through the listings to find cars that are similar to yours in terms of year, mileage, and condition.
- Save the prices of the cars that match your search parameters.
- Use the prices you found as a guide to estimate the value of your car.
What is the difference between trade and retail values?
There’s quite a substantial difference between trade- and retail values, with trade being significantly lower than the retail value (as much as 20% lower, in most cases). This is mainly due to the fact that there’s a mark-up for dealers built into the retail value – buying cheap and selling dear, as it were. Of course, these values are somewhat arbitrary and can be influenced by the popularity of your specific car in the second-hand trade, as well as a car’s reputation among pre-owned dealers. – Martin Pretorius, AutoTrader.
Read his article How to know how much your car is worth here.
Or take the quickest and easiest route to sell your car: Try our Instant Offer tool!
What affects the value of your Corolla Cross?
A variety of factors affect value, so let’s take a look at the obvious ones first:
- The model year. The newer the car, the higher the price.
- The car’s condition: The better the state of the car, the higher the price. Additionally, a complete service history raises value too.
- Features: Additional features can also affect value, but it is not always a given that a car with more features will cost more than one with fewer features.
- Location: Cars in high-demand areas frequently cost more than those in low-demand areas.
- Demand: Cars with high demand typically fetch a higher price compared to those with low demand.
Do Corolla Cross models hold their value?
The Corolla Cross retains and even appreciates in value, with can be attributed to factors such as:
- Competitive pricing: Toyota has an aggressive pricing strategy for the Corolla Cross, ensuring that it is incredibly competitive as a package.
- Demand: There is a massive demand for the Corolla Cross, with waiting lists extending past six months in many instances.
- Supply: Toyota produces a specific amount of Corolla Cross models locally, which is lower than the demand.
- Practicality: The Cross is spacious and ideal for young families.
- Efficiency: The Cross models are incredibly light on fuel, making them a solid option for many drivers.
According to our research on the depreciation of the Corolla Cross, the Hybrid XS model appears to retain its value the best within the range.
How much is a new Toyota Corolla Cross?
At the time of writing (June 2023), there were 7 Corolla Cross models available:
Toyota Corolla Cross 1.8 Xi: R 392 900
Toyota Corolla Cross 1.8 XS: R 426 700
Toyota Corolla Cross 1.8 Hybrid XS: R 458 300
Toyota Corolla Cross 1.8 XR: R 464 800
Toyota Corolla Cross 1.8 GR-Sport: R 480 800
Toyota Corolla Cross 1.8 Hybrid XR: R 497 000
Toyota Corolla Cross 1.8 Hybrid GR-Sport: R 512 500
Keyword: What's the resale value of a Toyota Corolla Cross?