
Cars are holding their value longer than they used to, according to a new iSeeCars study — but that’s still relative. The average depreciation over five years is now about 39%, compared with about 50% before the COVID-19 pandemic.
The car shopping data site figured this through an analysis of more than 1.1 million used cars, all from model year 2018 and sold between November 2022 to October 2023.
The study also found the cars that depreciated the least over a five-year period. In other words, the following vehicles are the ones holding their value the best.
9. Ford Mustang (three-way tie)

Average depreciation for this car model after five years: 24.5% — which translates to a loss of $10,035, on average
Ford’s been churning out Mustangs since 1964, and the beloved muscle car shows no sign of losing its appeal.
The 2024 model starts at about $31,000 so if the current depreciation rate holds, you could expect it to be worth more than $23,000 in five years.
9. Toyota Corolla (three-way tie)

Average depreciation for this car model after five years: 24.5% — which translates to a loss of $5,800 on average
The Toyota Corolla is considered “one of the best values in its class,” in part thanks to its affordability and high scores for reliability and safety, according to MotorBiscuit. And that value has been shown to hold up well, year after year.
9. Subaru Crosstrek (three-way tie)

Average depreciation for this car model after five years: 24.5% — which translates to a loss of $7,214 on average
The Crosstrek is “in it for the long haul,” according to Subaru. The automaker says “97% of Subaru Crosstrek vehicles sold in the last 10 years are still on the road today, more than Honda CR-V, Toyota RAV4, or Jeep Compass.”
8. Toyota C-HR

Average depreciation for this car model after five years: 24.4% — which translates to a loss of $6,692 on average
The C-HR hit the off ramp with its 2022 model and is now discontinued by Toyota. The letters stand for either “Compact High Rider” or “Cross Hatch Run-about,” depending on whom you ask — but Toyota says it took the name from both.
7. Chevrolet Camaro

Average depreciation for this car model after five years: 24.2% — which translates to a loss of $10,161 on average
The levy on this Chevy won’t make you sigh: A Camaro holding three-quarters of its value after five years is a deal as sweet as “American Pie.”
6. Subaru BRZ

Average depreciation for this car model after five years: 23.4% — which translates to a loss of $8,114 on average
The BRZ in this sporty Subaru officially stands for “Boxer engine, Rear-wheel drive, and Zenith,” according to Car and Driver. But going by the numbers, you could also say it’s short for “better resale zoomies.”
5. Honda Civic (sedan/hatchback)

Average depreciation for this car model after five years: 21.5% — which translates to a loss of $5,817 on average
The Honda Civic has long been among the best-selling cars in America and that carries through into used car sales. Millennials may be fueling much of that demand, with Honda saying, “Since 2011, Civic is the No. 1 vehicle among Millennial buyers.”
4. Jeep Wrangler/Wrangler Unlimited

Average depreciation for this car model after five years: 20.8% — which translates to a loss of $8,951 on average
Jeep markets the Wrangler as being “engineered down to the details,” and that attention to detail has caught the eye of many a consumer. With a starting 2024 MSRP around $32,000, in five years, you might expect to get $25,000 back at current depreciation rates.
3. Toyota Tacoma

Average depreciation for this car model after five years: 20.4% — which translates to a loss of $8,359 on average
The Toyota Tacoma certainly knows its worth, proudly highlighting on its website a Kelley Blue Book recognition for having the best resale value over 10 years in a row.
2. Porsche 718 Cayman

Average depreciation for this car model after five years: 17.6% — which translates to a loss of $13,372 on average
The two lowest depreciators in the iSeeCars study are both sports cars — and that’s good, because they don’t come cheap. The $68,000 price tag on a current year Porsche 718 Cayman will drain your bank account faster than the 4.9 seconds it needs to hit 60 mph.
1. Porsche 911 (coupe)

Average depreciation for this car model after five years: 9.3% — which translates to a loss of $18,094 on average
The Porsche 911 comes in a variety of models, but even the cheapest of them, the 911 Carrera, starts at $114,000. At the higher end, models such as the Turbo S, GT3 RS and Dakar start at double that.
If you’re ready to fork over that kind of cash for a car to get your thrills, you can rest easy knowing this Porsche will hold on to its value like no other.
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