- A new study has found two Porsche sports cars have the lowest depreciation after five years.
- EVs have the highest depreciation with the Jaguar I-Pace losing 72.2% of its value.
- The Toyota Tacoma was the best pickup for depreciation, while the Honda Civic was the best sedan.
Depreciation is a fact of life, but what you buy makes a big difference. In fact, a recent study found that cars can lose between 19.5% and 72.2% of their value after five years.
It’s no secret that EVs have been losing their value and that’s reflected in iSeeCars latest study. Electric vehicles lost 58.8% of their value at the five year mark, which was significantly higher than the average of 45.6%. On a segment basis, trucks and hybrids fared best as they only lost 40.4% and 40.7% of their value, respectively.
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Given that EV values drop like a rock, it’s not surprising to find a number of them on the list of vehicles with the highest depreciation. The Jaguar I-Pace leads the way as the electric crossover loses a staggering 72.2% of its value after five years. That amounts to roughly $51,953.
The second place finisher is a bit of a surprise as it’s the BMW 7-Series. It loses 67.1% of its value, which equates to $65,249.
Top 25 Vehicles with the Highest 5-Year Depreciation
Rounding out the top five spots are the Tesla Model S (65.2%), Infiniti QX80 (65.0%), and Maserati Ghibli (64.7%). Further down the list is the Tesla Model X (63.4%), Cadillac Escalade ESV (62.9%), and Mercedes S-Class (60.7%).
While the list of highest depreciating models is filled with EVs and luxury vehicles, sports cars had the lowest depreciation after five years. Porsche got a 1-2 victory as the 911 came in first at 19.5% and was closely followed by the 718 Cayman at 21.8%.
Top 25 Vehicles with the Lowest 5-Year Depreciation
Other sporty cars making the list were the Chevrolet Corvette (27.2%), Chevrolet Camaro (28.0%), and Ford Mustang (29.2%). They were joined by the Porsche 718 Boxster (29.6%), Subaru BRZ (30.2%), and Subaru WRX (35.5%).
The Toyota Tacoma had the third lowest depreciation as the mid-size truck only loses 26.0% of its value after five years. The Tundra wasn’t too far behind at 29.1%, but the only other truck to break into the Top 25 was the Ford Ranger at 34.7%.
Trucks Ranked by 5-Year Depreciation
If trucks and sports cars don’t fit the bill, consider the Honda Civic, Toyota Corolla Hatchback, or Toyota RAV4. These models only lose between 28.0% and 30.9% of their value after half a decade.
While a lot of factors go into purchasing a vehicle, iSeeCars’ Executive Analyst Karl Brauer said “Depreciation remains the most expensive aspect of buying a new vehicle, and the variation between vehicle types and specific models is something consumers should consider when researching their next purchase.” He went on to note, “The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value.”