Luxury cars depreciate the most, hearty Jeep Wrangler the least, and Porsches actually go up in value.
Five models actually went up in value after three years: Porsche 911 andThe biggest drop in value came in luxury cars after five years, with all of the top ten vehicles depreciating more than 50% compared to their original MSRPs.
Prices are still at all-time high levels for new, used, and off-lease cars, according to a recent study by the price-tracking car search engine“Pandemic-related disruptions to automaker supply chains and their impact on new-vehicle and used-vehicle pricing have dramatically affected retained value rates as well,” said iSeeCars.com Executive Analyst Karl Brauer.
iSeeCars looks at millions of new- and used-car purchase and lease transactions to get its data. For this latest study, the firm analyzed over three million three-year-old and five-year-old used cars sold in 2022 and found the average five-year-old car lost only 33.3% of its value from MSRP. Compared to 2021, that represents a 17.0% decrease in depreciation, meaning the vehicles held their value better and longer.
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