Tesla Model S leads in used car value loss with an impressive 17.2 percent.
Ford Explorer, BMW 5-Series, and Maserati Levante also experienced significant declines.
Porsche Taycan owners lost an average of $13,422 over the past twelve months.
It’s no secret that car prices have been wildly fluctuating lately, but some models have suffered an especially steep drop. Just in the past year, a surprising number of popular cars lost thousands of dollars in value, clearly indicating market shifts.
Four models made it into the top 20 used cars in the United States that lost the most over the last 12 months. However, Tesla is far from alone in this distinction, as several other popular brands, including Ford, BMW, Mercedes, Hyundai, Lincoln, and Genesis, also saw significant price drops.
The team at iSeeCars recently analyzed prices of 1.4 million used cars over the past year to determine which ones took the biggest hit. Leading the list is the Model S, which lost an average of 17.2 percent annually, amounting to $9,944. As of March 2025, the average listing price for a Model S was $47,931. This may not come as a huge surprise, given that the Model S has been around for 13 years, and Tesla has recently had its share of public relations issues.
Overview of the biggest “losers”
In second place after the Model S is the Porsche Taycan, which lost an average of $13,422 over the past year, amounting to about 15.1 percent. Meanwhile, the hybrid Ford Explorer saw its average price drop by 14.1 percent to $31,228, and the hybrid BMW 5-Series was close behind at 13.9 percent, reaching $34,375.
The second Tesla model to make the list is the Model Y. Research from iSeeCars shows that its prices fell by an average of 13.1% to $30,611. This places it two spots ahead of the Tesla Model 3 in eighth place, where prices dropped by 10.9% to $26,084. In 17th place was the Tesla Model X, where the average price reportedly fell by 7.3% to $55,990.
Other notable entries on the list include the Maserati Levante, which dropped by 11.5%, the Jeep Gladiator, which lost 10.7%, the Kia Niro EV, which fell by 9.6%, the Volvo S90, which declined by 9.2%, and the Chevrolet Corvette Convertible, which lost 7.3%.
Worst brands for price losses
Tesla was identified as the brand with the worst annual losses in used car value. Across its lineup, the average value loss over the past year was 10.1 percent, translating to an average of $3,541. In second place was Chrysler with an 8.9 percent loss, while Maserati, Genesis, Dodge, Buick, and Chevrolet also showed notable declines.
“Both in the new and used car markets, Tesla prices have been falling for over two years,” said executive analyst Karl Brauer. “Price cuts on new Teslas immediately affected used Teslas, rapidly lowering their prices. The strategy of reducing prices for new cars was driven by Tesla’s desire to maintain sales growth, but this strategy stopped working last year when the automaker recorded its first annual sales decline.”
Brands with the biggest used car price losses
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