When you buy a new car, its value begins to depreciate — but not as quickly as in the past.
All new cars hold their value better today than they did in 2019, thanks to fewer new cars being produced during the COVID-19 pandemic and a smaller supply of used cars available today, according to a recent analysis by iSeeCars.
For example, 5-year-old used cars sold in 2023 have lost an average of just 38.8% of their value. That’s down from about 50% prior to the pandemic.
However, not all used cars hold up equally well. Here are the vehicles that lose the most value after five years.
15. Mercedes-Benz S-Class (tie)
Average depreciation for this car model after five years: 55.7% — which translates to a loss of $70,563, on average
The Mercedes-Benz S-Class features a multiscreen digital cockpit that can recognize your fingerprint and respond to your voice.
15. Nissan Armada (tie)
Average depreciation for this car model after five years: 55.7% — which translates to a loss of $36,875, on average
The Nissan Armada seats eight passengers and can tow up to 8,500 pounds.
14. Volvo S90
Average depreciation for this car model after five years: 55.8% — which translates to a loss of $35,365, on average
The Volvo S90 has an air purifier and Google built in. You also get a Bowers & Wilkins audio system.
13. Audi A6
Average depreciation for this car model after five years: 56.3% — which translates to a loss of $38,252, on average
The Audi A6 features a virtual cockpit plus that includes a 12.3-inch HD display.
12. Cadillac Escalade
Average depreciation for this car model after five years: 56.5% — which translates to a loss of $59,093, on average
The Cadillac Escalade comes with Super Cruise, a hands-free driver assistance technology that has automatic lane-change functionality.
11. Audi Q7
Average depreciation for this car model after five years: 56.8% — which translates to a loss of $41,731, on average
The Audi Q7 has three rows of seating for seven passengers and remote park assist plus, which automatically parks the car in perpendicular or parallel parking spaces.
10. Audi A7
Average depreciation for this car model after five years: 57.2% — which translates to a loss of $48,917, on average
The Audi A7 is a luxury sportback that features a 7-speed S tronic transmission for those who prefer to drive in manual mode.
9. Jaguar XF
Average depreciation for this car model after five years: 57.6% — which translates to a loss of $39,720, on average
The Jaguar XF features headlights that produce a color of light that more closely mimics daylight.
8. Maserati Levante
Average depreciation for this car model after five years: 57.8% — which translates to a loss of $55,858, on average
The Maserati Levante has a trunk with a sensor that can be opened from less than 1 meter with a simple foot movement.
7. Infiniti QX80
Average depreciation for this car model after five years: 58.1% — which translates to a loss of $47,399, on average
The Infiniti QX80 is a three-row SUV that has a hand-crafted interior and noise-insulating glass.
6. BMW X5
Average depreciation for this car model after five years: 58.2% — which translates to a loss of $44,828, on average
The BMW X5 offers remote-control parking that lets you use your smartphone to get into and out of difficult spots.
5. Cadillac Escalade ESV
Average depreciation for this car model after five years: 58.5% — which translates to a loss of $63,885, on average
The Cadillac Escalade ESV features augmented reality-enabled navigation that projects a live street view onto the vehicle’s Cluster Display.
4. BMW 5 Series (hybrid)
Average depreciation for this car model after five years: 58.8% — which translates to a loss of $37,975, on average
The BMW 5 Series (hybrid) is compatible with any power outlet and has an all-electric range of 21 miles.
3. Maserati Ghibli
Average depreciation for this car model after five years: 61.3% — which translates to a loss of $58,623, on average
The Maserati Ghibli has “boomerang”-shaped taillights and technology that silently closes any doors that are left a bit ajar.
2. BMW 7 Series
Average depreciation for this car model after five years: 61.8% — which translates to a loss of $72,444, on average
The BMW 7 Series offers automatic doors that open and close on your command. You can also get a 31-inch theater screen.
1. Maserati Quattroporte
Average depreciation for this car model after five years: 64.5% — which translates to a loss of $90,588, on average
The Maserati Quattroporte has been around since 1963. You can use Maserati’s Fuoriserie personalization program to create a car that is right for you.
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