Most buyers don't tend to think of resale value until it comes time to sell their vehicle. But which models keep their value and which ones don't? iSeeCars.com recently published a study that looked into more than 4.3 million new and used car sales to determine which models lowest and highest loss in value after a five-year time frame.
What vehicles had the lowest depreciation? According to iSeeCars, that would be SUVs and trucks. Taking the number one spot was the Jeep Wrangler Unlimited with an average depreciation rate of 27.3 percent. One only car, the Subaru Impreza would make the list - ninth place with a 42.3 percent average depreciation rate. On the opposite end, the Nissan Leaf has the highest depreciation at 71.7 percent. The rest of the list is made up mostly by luxury vehicles like the BMW 7-Series and Mercedes-Benz S-Class.
"While the average new vehicle loses 50.2 percent of its value after five years, there are vehicles that retain more of their value and depreciate less than average. For consumers who buy new vehicles and sell them around the five-year mark, choosing a model that retains the most value is a smart economic decision,” said iSeeCars CEO Phong Ly.
Some other findings from iSeeCars.com study,
- Toyota Prius c and Prius owners are sitting pretty as they are the lowest depreciating hybrid models in iSeeCars' analysis - 51.5 and 54.1 percent respectively.
- The BMW X5 and X3 lose a fair amount of their value over the course of five years - 65.6 and 64 percent.
- For sports cars, the lowest depreciation models are the Subaru Impreza WRX (35.9 percent), Volkswagen Golf R (43.3 percent), and Chevrolet Corvette (44.6 percent).