Did you know that the average depreciation of a vehicle in the first 5 years of its life is currently at 40.1% and that the models that hold their value the longest depreciate 1.6% to 4.4% less quickly than average?
At least, that's what the most recent study of the American research firm iSeeCars.com revealed.
- Also: New Cars and Trucks with the Highest Residual Value in 2022
- Also: These Vehicles Have the Best Value in Canada for 2022
The study analyzed more than 800,000 transactions involving 5-year-old models in order to establish a residual value ranking. The impact of high demand, relative rarity caused by the pandemic and the semi-conductor shortage made its mark: average depreciation after 5 years in 2020 was of about 49.1%. Twelve months later, the depreciation rate was about 10% less for those vehicles.
“We’ve seen record high used car prices over the past 15 months as a result of the microchip shortage, and that has slowed down the average depreciation rate across all vehicles,” said iSeeCars Executive Analyst Karl Brauer. “Vehicles that have historically maintained their value well have depreciated even less this past year, but even in today’s market some cars continue to drastically drop in value.”
Pickups, SUVs, and sports cars generally do better, whereas luxury vehicles keep depreciating even faster.
Top 10: 2016 models with the lowest depreciation:
- Jeep Wrangler – 9,2%
- Jeep Wrangler Unlimited – 10,5%
- Porsche 911 – 12,8%
- Toyota Tacoma – 13,8%
- Toyota Tundra – 19,5%
- Ford Mustang – 21%
- Chevrolet Corvette – 22,7%
- Chevrolet Camaro – 23,6%
- Dodge Challenger – 24,4%
- Toyota 4Runner – 24,6%
Top 10: 2016 models with the highest depreciation:
- Nissan LEAF – 65,1%
- BMW i3 – 63,1%
- BMW 7-Series – 61,5%
- Maserati Ghibli – 61,3%
- BMW X5 – 60,3%
- Jaguar XF – 59,5%
- BMW 5-Series – 59,1%
- Audi A6 – 58,2%
- Lincoln Navigator L – 57,7%
- Volvo S60 – 57,3%