Trucks Hold Their Value Better Than EVs And Luxury Sedans

Depreciation is the unfortunate reality when it comes to buying most new cars. Maybe not with some multi-million-dollar exotics, but “the rest of us” have to accept that most any new car or truck we drive off the lot will lose more and more of its value the more we drive it and the longer we keep it.

More than 50 percent over five years, according to analysis from iSeeCars.com. But that’s the average: some cars depreciate faster than others. Or put another way, some hold their value better than others.

The study compiled a list of both ends of the spectrum, with depreciation rates ranging from 27.3 percent to 71.7. That’s a huge range, and one you might want to take into account when buying your next set of wheels – new or used.

The least depreciating vehicles in the United States are almost exclusively trucks: primarily domestic SUVs and pickups. The top two slots are occupied by the Jeep Wrangler and Wrangler Unlimited, which were found to have depreciated an average of 27.3 percent after five years. Next up were the Toyota Tacoma (29.5%) and Tundra (37.1%), followed by the Nissan Frontier (37.8%), Toyota 4Runner (38.1%), Chevrolet Silverado 1500 (39.7%) and GMC Sierra 1500 (39.9%), Subaru Impreza (42.3%), and Ram 1500 (42.7%). The Impreza stands out as the lone passenger car to make the Top 10.

The other end of the spectrum saw electrified vehicles and high-end luxury sedans dominate with the highest depreciation rates (or the lowest residual values). At the top of the list were the Nissan Leaf (71.7%) and Chevy Volt (71.2%), followed by the BMW 7 Series (71.1%), Mercedes-Benz S-Class (69.9%), Ford Fusion Energi (69.4%), BMW 6 Series (68.3%) and BMW 5 Series (67.3%), Mercedes-Benz E-Class (67.2%), and Jaguar XJL (66.4%). The only conventional, mass market, domestic model to earn the dubious distinction was the Chevy Impala (at 66.2%).

The figures were drawn from over 3.6 million vehicles from the 2013 model year, sold in the United States from January 2013 through September 2018, with used-car values adjusted for inflation.

“While the average new vehicle loses 50.2 percent of its value after five years, there are vehicles that retain more of their value and depreciate less than average,” said iSeeCars CEO Phong Ly. “For consumers who buy new vehicles and sell them around the five-year mark, choosing a model that retains the most value is a smart economic decision.”

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  • Bentley & Rolls Royce owner

    Well gang, the jeep commander hemi that my staff uses is said to have risen in value the past two years. Certainly a future classic!

  • ▶️ ProtectOurHeritage ◀️

    Hardly surprising! People don’t want used EVs because old batteries get insanely expensive when things go wrong.

    • Dr Bjorn K. Von Strangefingger

      And grossly toxic.

  • Ryan50

    Then there is the 1st gen 2012 Ford Raptor that was 50k new. In 2016, it was common for a raptor with 100k miles to be $80k

  • Dr Bjorn K. Von Strangefingger

    Buy a used one… leaf seems like good deal.

  • nastinupe

    Yeah, the the issue with the EV and Hybrids is this. If you buy one and don’t drive a lot, then you can use the battery for a long time with no issues, but if you drive a lot then you will run into battery issues quicker. Well the issue is that if you don’t drive a lot, then you don’t realize the value of owning one, but if you drive a lot, then you get to drive without the cost of gas, however, you end up spending $5000 – $7000 for a new battery after 150k miles. That was the cost of gas, not to mention to that you paid a $5000 – 10,000 premium to purchase the vehicle in the first place. So where are the savings?

  • ➡️ProtectOurHeritage⬅️

    Here in Britain, our lowest depreciating car is the Lotus Elise. I would have one but they are insanely impractical. Nice to see you’ve made a wise decision with the Wrangler.

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