Depreciation isn’t often the top priority for car buyers, but it’s particularly important for consumers who keep their cars for many years. The online automotive search engine iSeeCars.com recently released its survey of vehicles with the most and least depreciation.
The site analyzed more than 4.3 million new and used vehicles to identify models with the lowest and highest depreciation after five years.
Julie Blackley, communications manager for iSeecars.com, is our guest on episode #57 of TheWeeklyDriver podcast.
Co-hosts Bruce Aldrich and James Raia discuss with Blackley the trends of the survey’s data, including result variance in different geographical areas of the country.
According to iSeeCars.com, sport utility vehicle and trucks retain the most value after five years of ownership. Electric vehicles and luxury sedans depreciate the most.
“While the average new vehicle loses 50.2 percent of its value after five years, some vehicles 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.”
The Jeep Wrangler Unlimited and Jeep Wrangler shared top honors, both with a depreciation of 27.3 percent after five years of ownership. The Nissan Leaf has the worst depreciation after five years of ownership, 71.7 percent.
The average depreciation among all major manufacturers after five years is 50.2 percent.
To read the complete list, visit iseecars.com.
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