Depreciation is a fact of life for vehicle owners, but as we’ve long known, some brands lose value much faster than others. iSeeCars recently released a list of the models that hold their values the best and found that while EVs depreciate quickly, the same isn’t true for other electrified vehicles.
Sports cars, including the Porsche 911 and 718 Cayman, held value the best, with the 911 only losing an average of 19.5 percent and the Cayman losing 21.8 percent. The remaining ten vehicles with the lowest five-year depreciation include:
- Porsche 911: 19.5 percent
- Porsche 718 Cayman: 21.8 percent
- Toyota Tacoma: 26.0 percent
- Chevrolet Corvette: 27.2 percent
- Honda Civic: 28 percent
- Chevrolet Camaro: 28 percent
- Toyota Tundra: 29.1 percent
- Ford Mustang: 29.2 percent
- Porsche 718 Boxster: 29.6 percent
- Toyota Corolla Hatchback: 30.1 percent
iSeeCars’ executive analyst, Karl Brauer, said, “Porsche’s performance coupes, the 911 and 718 Cayman, have consistently ranked at or near the top of our residual value rankings since before the pandemic. The number of sports cars on this year’s top 25 retained value list are only exceeded by small SUVs, a vehicle that commonly represents the best-selling model in an automaker’s lineup.”
On the other side of the coin, one model lost more than 70 percent of its value over five years, and many others fell by more than 60 percent:
- Jaguar I-Pace: 72.2 percent
- BMW 7-Series: 67.1 percent
- Tesla Model S: 65.2 percent
- Infiniti QX80: 65 percent
- Maserati Ghibli: 64.7 percent
- BMW 5-Series Hybrid: 64.7 percent
- Nissan Leaf: 64.1 percent
- Maserati Levante: 63.7 percent
- Tesla Model X: 63.4 percent
- Cadillac Escalade ESV: 62.9 percent
Brauer noted that some of those percentages were due to the vehicles’ much higher price tags. That said, he also pointed out that used buyers aren’t always willing to pay more for extra luxury features like new buyers, leading their values to fall faster.
[Images: Porsche, Chevrolet, Toyota, Jaguar]
Become a TTAC insider. Get the latest news, features, TTAC takes, and everything else that gets to the truth about cars first by subscribing to our newsletter.
