Honda Civic vs Proton S70 vs Mazda 3 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 2023 Honda Civic E recorded the lowest observed raw depreciation at 37.4%, retaining 62.6% of its reference Malaysian new-car price. Its observed in-house wholesale price was RM78,700 against a reference new price of RM125,634.
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
C-segment sedans attract buyers who want stronger performance, more refinement and more equipment than a basic commuter car. The higher original price can create a larger ringgit loss, while technology, turbocharging and advanced safety systems make condition especially important.
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
2023 Honda Civic E 48,815 km (16,272/yr) RM78,700 RM125,634 62.6% RM46,934 (37.4%) RM15,645
2024 Proton S70 Flagship X 70,929 km (35,464/yr) RM55,900 RM94,800 59.0% RM38,900 (41.0%) RM19,450
2018 Mazda 3 SKYACTIV-G High 2.0 93,804 km (11,726/yr) RM39,500 RM124,172 31.8% RM84,672 (68.2%) RM10,584
What the sample shows
From lowest to highest raw depreciation, the selected observations rank as: Honda Civic E (37.4% loss), Proton S70 Flagship X (41.0% loss), Mazda 3 SKYACTIV-G High 2.0 (68.2% loss).
The gap between the lowest and highest raw depreciation was 30.8 percentage points. The lowest simple annual ringgit loss was Mazda 3 SKYACTIV-G High 2.0 at RM10,584 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 48,815 km to 93,804 km. The lowest-mileage observation was the 2023 Honda Civic E, while the highest-mileage observation was the 2018 Mazda 3 SKYACTIV-G High 2.0.
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.