This Car Loses 73% Of Its Value After Just Five Years

EVs drop like rocks while sports cars and pickups buck the trend in this study that reveals the depreciation rates across various vehicle categories

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  • A new study has found two Porsche sports cars have the lowest depreciation after five years.
  • EVs have the highest depreciation with the Jaguar I-Pace losing 72.2% of its value.
  • The Toyota Tacoma was the best pickup for depreciation, while the Honda Civic was the best sedan.

Depreciation is a fact of life, but what you buy makes a big difference. In fact, a recent study found that cars can lose between 19.5% and 72.2% of their value after five years.

It's no secret that EVs have been losing their value and that's reflected in iSeeCars latest study. Electric vehicles lost 58.8% of their value at the five year mark, which was significantly higher than the average of 45.6%. On a segment basis, trucks and hybrids fared best as they only lost 40.4% and 40.7% of their value, respectively.

More: Used Car Prices Are Falling And Tesla Is Leading The Way

Given that EV values drop like a rock, it's not surprising to find a number of them on the list of vehicles with the highest depreciation. The Jaguar I-Pace leads the way as the electric crossover loses a staggering 72.2% of its value after five years. That amounts to roughly $51,953.

The second place finisher is a bit of a surprise as it's the BMW 7-Series. It loses 67.1% of its value, which equates to $65,249.

Top 25 Vehicles with the Highest 5-Year Depreciation
Rank Model 5-Year Depreciation Loss
1 Jaguar I-PACE 72.2% $51,953
2 BMW 7 Series 67.1% $65,249
3 Tesla Model S 65.2% $52,165
4 INFINITI QX80 65.0% $53,571
5 Maserati Ghibli 64.7% $70,874
6 BMW 5 Series 64.7% $47,457
7 Nissan LEAF 64.1% $18,043
8 Maserati Levante 63.7% $64,991
9 Tesla Model X 63.4% $53,846
10 Cadillac Escalade ESV 62.9% $56,996
11 Land Rover Range Rover 62.9% $67,858
12 Audi A8 L 62.7% $57,724
13 BMW 5 Series 61.7% $36,208
14 Audi Q7 61.6% $37,256
15 INFINITI QX60 61.5% $30,888
16 Cadillac Escalade 61.0% $53,458
17 Audi A6 60.9% $35,401
18 Land Rover Discovery 60.9% $36,635
19 Mercedes-Benz S-Class 60.7% $71,460
20 Audi A7 60.5% $43,535
21 Tesla Model Y 60.4% $36,225
22 Lincoln Navigator L 60.3% $62,069
23 Porsche Taycan 60.1% $59,691
24 Nissan Armada 60.0% $33,914
25 Ford Expedition MAX 60.0% $36,692
Overall Average 45.6%
iSeeCars

Rounding out the top five spots are the Tesla Model S (65.2%), Infiniti QX80 (65.0%), and Maserati Ghibli (64.7%). Further down the list is the Tesla Model X (63.4%), Cadillac Escalade ESV (62.9%), and Mercedes S-Class (60.7%).

While the list of highest depreciating models is filled with EVs and luxury vehicles, sports cars had the lowest depreciation after five years. Porsche got a 1-2 victory as the 911 came in first at 19.5% and was closely followed by the 718 Cayman at 21.8%.

Top 25 Vehicles with the Lowest 5-Year Depreciation
Rank Model 5-Year Depreciation Loss
1 Porsche 911 19.5% $24,428
2 Porsche 718 Cayman 21.8% $15,851
3 Toyota Tacoma 26.0% $8,217
4 Chevrolet Corvette 27.2% $18,557
5 Honda Civic 28.0% $6,987
6 Chevrolet Camaro 28.0% $8,653
7 Toyota Tundra 29.1% $11,659
8 Ford Mustang 29.2% $9,325
9 Porsche 718 Boxster 29.6% $22,155
10 Toyota Corolla Hatchback 30.1% $7,156
11 Subaru BRZ 30.2% $9,424
12 Toyota RAV4 30.9% $9,233
13 Toyota 4Runner 31.3% $12,753
14 Toyota Corolla 31.4% $7,004
15 Subaru Crosstrek 33.0% $8,511
16 Subaru Impreza 33.4% $7,889
17 Chevrolet Corvette 33.7% $25,343
18 Jeep Wrangler 33.9% $10,888
19 Honda HR-V 34.0% $8,640
20 Ford Ranger 34.7% $11,472
21 Honda Accord 34.9% $9,879
22 Toyota Prius 34.9% $9,908
23 Honda CR-V 35.2% $10,602
24 Subaru WRX 35.5% $12,702
25 Toyota Camry 35.5% $9,388
Overall Average 45.6%
iSeeCars

Other sporty cars making the list were the Chevrolet Corvette (27.2%), Chevrolet Camaro (28.0%), and Ford Mustang (29.2%). They were joined by the Porsche 718 Boxster (29.6%), Subaru BRZ (30.2%), and Subaru WRX (35.5%).

The Toyota Tacoma had the third lowest depreciation as the mid-size truck only loses 26.0% of its value after five years. The Tundra wasn't too far behind at 29.1%, but the only other truck to break into the Top 25 was the Ford Ranger at 34.7%.

Trucks Ranked by 5-Year Depreciation
Rank Model 5-Year Depreciation Loss
1 Toyota Tacoma 26.0% $8,217
2 Toyota Tundra 29.1% $11,659
3 Ford Ranger 34.7% $11,472
4 Jeep Gladiator 35.6% $13,558
5 GMC Canyon 38.1% $14,644
6 Nissan Frontier 38.3% $12,284
Truck Average 40.4%
7 Chevrolet Colorado 40.9% $13,050
8 Chevrolet Silverado 1500 41.5% $15,367
9 GMC Sierra 1500 41.6% $15,949
10 Honda Ridgeline 42.4% $17,013
11 Ram 1500 42.8% $17,241
12 Ford F-150 43.4% $16,236
Overall Average 45.6%
13 Nissan Titan XD 47.9% $25,306
14 Nissan Titan 48.1% $22,459
15 Ram 1500 Classic 48.1% $18,634
iSeeCars

If trucks and sports cars don't fit the bill, consider the Honda Civic, Toyota Corolla Hatchback, or Toyota RAV4. These models only lose between 28.0% and 30.9% of their value after half a decade.

While a lot of factors go into purchasing a vehicle, iSeeCars' Executive Analyst Karl Brauer said "Depreciation remains the most expensive aspect of buying a new vehicle, and the variation between vehicle types and specific models is something consumers should consider when researching their next purchase." He went on to note, "The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value."

EVs Ranked by 5-Year Depreciation
Rank Model 5-Year Depreciation Loss
Overall Average 45.6% $17,395
1 Tesla Model 3 55.9% $23,771
2 Hyundai Kona Electric 58.0% $19,062
EV Average 58.8% $29,356
3 Kia Niro EV 59.2% $23,439
4 Porsche Taycan 60.1% $59,691
5 Tesla Model Y 60.4% $36,225
6 Tesla Model X 63.4% $53,846
7 Nissan LEAF 64.1% $18,043
8 Tesla Model S 65.2% $52,165
9 Jaguar I-PACE 72.2% $51,953
iSeeCars

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