USA What are the vehicles that depreciated the least in five years?

2023-12-08 13:02:09

All cars will hold their value better in 2023 compared to 2019 as a result of reduced new car production during the pandemic and limited supply of used cars today.

Before the pandemic, the average car would lose about 50 percent of its value in five years. Today, the average five-year depreciation is 38.8 percent, with electric vehicles being the worst group: losing about half their value.

The iSeeCars site analyzed more than 1.1 million vehicles sold between November 2022 and October 2023 to determine 5-year depreciation rates. When comparing this data historically, it found that depreciation was lower in the main segments than in 2019.

These 25 cars hold their value much better than average. The top-rated Porsche 911 coupe only loses 9.3 percent of its value after five years, indicating incredibly strong demand for this sports car on the second-hand market.

Three more Porsches, along with six Toyotas and four Subarus, reflect continued consumer demand for sports cars, small SUVs and fuel-efficient economy cars.

The rise in used car prices in recent years has pushed many buyers toward these smaller, lower-priced models.

Vehicles that depreciated the least in five years:

Top 25 Vehicles with the Lowest Depreciation in 5 Years
Position Model 5-year average depreciation Average dollar difference from initial price
1 Porsche 911 (coupe) 9.3% $18,094
2 Porsche 718 Cayman 17.6% $13,372
3 Toyota Tacoma 20.4% $8,359
4 Jeep Wrangler/Wrangler Unlimited 20.8% $8,951
5 Honda Civic (sedan/hatchback) 21.5% $5,817
6 Subaru BRZ 23.4% $8,114
7 Chevrolet Camaro 24.2% $10,161
8 Toyota C-HR 24.4% $6,692
9 Subaru Crosstrek 24.5% $7,214
10 Toyota Corolla 24.5% $5,800
11 Ford Mustang 24.5% $10,035
12 Porsche 718 Boxster 25.1% $20,216
13 Toyota Tundra 25.3% $12,588
14 Kia Rio 5-Door 25.8% $5,006
15 Porsche 911 (convertible) 26.0% $42,227
16 Honda HR-V 26.2% $7,318
17 Subaru Impreza (wagon) 26.2% $6,927
18 Let’s go to Rio 26.3% $4,959
19 Chevrolet Spark 26.6% $4,784
20 Toyota RAV4 27.2% $8,858
21 Hyundai Accent 27.4% $5,353
22 Toyota 4Runner 27.4% $13,147
23 Chevrolet Corvette 27.5% $22,712
24 Nissan Kicks 27.5% $6,560
25 Subaru Impreza (sedan) 27.8% $7,158
General average 38.8% $17,221
Related Articles:   The Fed raises its rates by 0.25 points and anticipates additional hikes

Source: Iseecars

1702277977
#USA #vehicles #depreciated #years

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.