Camry vs Accord vs Passat Depreciation in Malaysia
Published / last reviewed: 18 July 2026
Prepared by the Intercontinental Motors Market Insights Team. Vehicle-specific figures should be reviewed by the Intercontinental Motors valuation team before publication.
Quick answer
In this selected sample from Intercontinental Motors' in-house records, the 2021 Toyota Camry 2.5V recorded the lowest observed raw depreciation at 50.1%, retaining 49.9% of its reference Malaysian new-car price. Its observed in-house wholesale price was RM94,700 against a reference new price of RM189,900.
It was also the lowest-mileage vehicle in this comparison, so part of the apparent advantage may be related to mileage. The ranking is not mileage-adjusted.
Why this comparison matters
D-segment sedans offer space, highway comfort and executive-car refinement, but the market for large sedans has narrowed as more buyers move to SUVs. Brand confidence, maintenance costs and mileage can therefore produce meaningful differences in used value.
The figures below use observed in-house wholesale prices rather than retail asking prices. Wholesale values usually allow for inspection uncertainty, preparation cost, warranty exposure, financing support, stock-holding time and dealer margin. They should not be presented as guaranteed retail market values.
Depreciation comparison
Depreciation comparison
Vehicle Mileage (approx. per year) In-house wholesale price Reference new price Value retained Actual depreciation Simple loss per year
2021 Toyota Camry 2.5V 52,952 km (10,590/yr) RM94,700 RM189,900 49.9% RM95,200 (50.1%) RM19,040
2021 Volkswagen Passat R-Line 63,422 km (12,684/yr) RM87,200 RM203,411 42.9% RM116,211 (57.1%) RM23,242
2022 Honda Accord 1.5 TC-P 109,960 km (27,490/yr) RM80,100 RM195,900 40.9% RM115,800 (59.1%) RM28,950
What the sample shows
From lowest to highest raw depreciation, the selected observations rank as: Toyota Camry 2.5V (50.1% loss), Volkswagen Passat R-Line (57.1% loss), Honda Accord 1.5 TC-P (59.1% loss).
The gap between the lowest and highest raw depreciation was 9.0 percentage points. The lowest simple annual ringgit loss was Toyota Camry 2.5V at RM19,040 per model year. Percentage loss, actual ringgit loss and annualised loss measure different things, so they should be read together.
How mileage changes the interpretation
The selected vehicles range from 52,952 km to 109,960 km. The lowest-mileage observation was the 2021 Toyota Camry 2.5V, while the highest-mileage observation was the 2022 Honda Accord 1.5 TC-P.
Mileage is displayed and converted into an approximate kilometres-per-model-year figure, but no arbitrary RM-per-kilometre adjustment is applied. A proper mileage-adjusted valuation would also need exact registration dates, condition grades, service history, accident and flood history, ownership type, location and multiple comparable transactions.