by A new study has found that two Porsche sports cars have the lowest depreciation rate after five years.
Electric vehicles have the highest depreciation rate, with the Jaguar I-Pace losing 72.2% of its value.
The Toyota Tacoma was found to be the best pickup truck in terms of depreciation, while the Honda Civic was the best sedan.
Depreciation is a fact of life, but what you buy makes a big difference. A recent study showed that cars can lose anywhere from 19.5% to 72.2% of their value over five years.
It’s no secret that electric vehicles lose their value, and this is reflected in iSeeCars. Electric vehicles lost 58.8% of their value at the five-year mark, which is significantly higher than the average of 45.6%. Regarding the segment, trucks and hybrids fared better, as they lost only 40.4% and 40.7% of their value, respectively.
More details:
Given that electric vehicles lose value faster, many of them made it into the list of cars with the highest depreciation. The leader is an electric crossover, which loses an impressive 72.2% of its value over five years. That’s approximately $51,953.
The second place is surprising, as it is. It loses 67.1% of its value, which equates to $65,249.
Top 25 Cars with the Highest Depreciation Rate Over Five Years
Rounding out the top five places are Tesla Model S (65.2%), Infiniti QX80 (65.0%), and Maserati Ghibli (64.7%). Also on the list are Tesla Model X (63.4%), Cadillac Escalade ESV (62.9%), and Mercedes S-Class (60.7%).
Meanwhile, sports cars emerged on top, as they have the lowest depreciation rate after five years. Porsche achieved a 1-2 victory, with the 911 finishing in first place with a rate of 19.5%, closely followed by at 21.8%.
Top 25 Cars with the Lowest Depreciation Rate Over 5 Years
If trucks and sports cars don’t suit you, consider , Toyota Corolla Hatchback, or Toyota RAV4. These models lose only between 28.0% and 30.9% of their value after half a decade.
While many factors influence car purchases, iSeeCars executive analyst Karl Brauer said: “Depreciation remains the most costly part when buying a new car, and the difference between car types and specific models is something consumers should pay attention to when researching their next purchase.” He also noted: “The difference between buying a hybrid and an electric car can be tens of thousands of dollars in lost value.”
