iSeeCars is sharing a list of the top 25 vehicles that hold their value the best - along with the 25 worst.
The good news is that iSeeCars researchers say all cars are holding their value better in 2023 compared to 2019 as a result of reduced new car production during the pandemic and constrained used car supply today.
Before the pandemic, iSeeCars says the average car would lose about 50 percent of its value in five years. Today the average 5-year depreciation is 38.8 percent. It's far higher though for electric vehicles. The EV segment holds its value the worst, losing 49.1 percent in five years. SUVs also lose more value than the average vehicle at 41.2 percent.
The segments that retain the most value are, trucks and hybrids, losing 35 and 37 percent, respectively.
Certain sports cars, small SUVs and economy cars hold their value especially well, and the Porsche 911, Jeep Wrangler and Honda Civic among the best models. On the flip side, researchers say luxury SUVs and sedans, including the Maserati Quattroporte, BMW 7 series and Maserati Ghibli, are some of the worst vehicles at holding their value.
To come up with its 25 best/worst list iSeeCars analyzed over 1.1 million vehicles sold from November 2022 to October 2023 to determine 5-year depreciation rates. When researchers compared this data historically, they say depreciation was lower across major segments than in 2019.
Top 5 Vehicles With the Lowest 5-Year Depreciation – iSeeCars Study
- Porsche 911
- Porsche 718 Cayman
- Toyota Tacoma
- Jeep Wrangler/Wrangler Unlimited
- Honda Civic(Sedan/Hatchback)
For the complete list of 25 visit iSeeCars.
Top 5 Vehicles With the Highest 5-Year Depreciation – iSeeCars Study
- Maserati Quattroporte
- BMW 7 Series
- Maserati Ghibli
- BMW 5 Series (hybrid)
- Cadillac Escalade ESV
For the complete list of 25 visit iSeeCars.
Photo Credit: Fahroni/Shutterstock.com.
