Buzz
Unlike real estate or rare collectibles, new cars are typically not great investments. The moment a car leaves the dealership, its value starts to drop. On average, a car loses about 39 percent of its value within five years.
However, some models manage to hold onto their initial value better than others. This factor might not be the top priority for buyers, but it should be: slower depreciation means a higher return when you decide to sell or trade in your car.
In a recent analysis, the car data hub iSeeCars studied the used car market. By reviewing 1.1 million vehicle transactions between 2022 and 2023, they identified models with the least depreciation over five years, focusing on cars from the 2018 model year. Here are their findings.
Rank | Car | Depreciation |
|---|---|---|
1 | Porsche 911 | 9.3 Percent |
2 | Porsche 718 Cayman | 17.6 Percent |
3 | Toyota Tacoma | 20.4 Percent |
4 | Jeep Wrangler | 20.8 Percent |
5 | Honda Civic | 21.5 Percent |
6 | Subaru BRZ | 23.4 Percent |
7 | Chevrolet Camaro | 24.2 Percent |
8 | Toyota C-HR | 24.4 Percent |
9 | Subaru Crosstrek | 24.5 Percent |
10 | Toyota Corolla | 24.5 Percent |
11 | Ford Mustang | 24.5 Percent |
12 | Porsche 718 Boxster | 25.1 Percent |
13 | Toyota Tundra | 25.3 Percent |
14 | Kia Rio 5-Door | 25.8 Percent |
15 | Porsche 911 Convertible | 26 Percent |
16 | Honda HR-V | 26.2 Percent |
17 | Subaru Impreza | 26.2 Percent |
18 | Kia Rio | 26.3 Percent |
19 | Chevrolet Spark | 26.6 Percent |
20 | Toyota RAV4 | 27.2 Percent |
21 | Hyundai Accent | 27.4 Percent |
22 | Toyota 4Runner | 27.4 Percent |
23 | Chevrolet Corvette | 27.5 Percent |
24 | Nissan Kicks | 27.5 Percent |
25 | Subaru Impreza Sedan | 27.8 Percent |
Two Porsche models—the 911 and 718 Cayman—lead the rankings. The 911 saw a mere 9.3 percent drop from its original price, which ranges between $90,000 and $200,000 based on the trim level.
For everyday use, three Toyota models—the Tacoma, C-HR, and Corolla—experienced a value loss of 20 to 25 percent.
iSeeCars also highlighted vehicles with the steepest depreciation. Luxury cars, in particular, tend to lose their value rapidly. The Maserati Quattroporte topped this list, shedding 64.5 percent of its worth, followed closely by the BMW 7 Series, which dropped 61.8 percent.
Electric vehicles (EVs) show mixed results. Fully electric models depreciate by an average of 49.1 percent, whereas hybrids—combining battery and gas power—lose only 37.4 percent of their value.
For a comprehensive look at the data, including depreciation rates for trucks and SUVs, visit iSeeCars.
