Top 10 Cars That Most Held Market Value (PDF)
When you buy a new car, its value will depreciate right away.
New research from iSeeCars.com has found that car depreciation has been getting much less than it used to be, which is great for car buyers. This is largely due to problems with the supply chain at dealers and high consumer demand. These factors have caused some cars to hold their value much better than others, so be sure that you look at these important figures before buying a car.
Five-year-old cars are worth 33.3% less than what they were originally bought for in 2022. This rate was 40% last year.
The Jeep Wrangler and Jeep Wrangler Unlimited were two of the three cars that most held their value over the last five years, according to iSeeCars. The Jeep Wrangler has only seen 7% depreciation, while the Jeep Wrangler Unlimited has 8.7%. Last but not least, the Porsche 911 had the most value with a 14.6% appreciation.
The executive analyst for iSeeCars Karl Brauer, says: “The relative scarcity of late-model used cars due to pandemic-related new car production disruptions has kept used car values high for more than a year,”.
Top 10 Cars That Most Held Market Value
Average 5-year depreciation
According to the iSeeCars report, some 3-year-old cars held their value to the point they still sell above their sticker price. On that list, the Porsche 911 and Toyota RAV4 Hybrid have been performing particularly well with 5.7% and 2.5% appreciation in value over the last three years respectively.
New car prices are beginning to ease up after last year’s inflation, but they’re still 2% higher than a year ago.
