Which Car Brands and Models Depreciate the Fastest?
Not all cars are created equal when it comes to depreciation. Some vehicles retain their value for years, while others lose thousands in resale worth within months. To see which brands and models perform the best — and worst — we analyzed data from CarEdge on depreciation rates over 1, 3, 5, and 7 years of ownership.
The findings reveal significant differences between manufacturers. Tesla and Audi top the list for fastest depreciation, while Toyota vehicles maintain their value the best. Read on to discover which models are the biggest winners and losers when it comes to resale value.
Key Takeaways
- Tesla vehicles depreciate the most within 1 year of ownership (26.6%), 3 years of ownership (44.4%), and 5 years of ownership (54.7%).
- Toyota vehicles depreciate the least within 1 year of ownership (11.2%), 3 years of ownership (23.9%), 5 years of ownership (30.7%), and 7 years of ownership (41.6%).
- Tesla vehicle depreciation within 1 year of ownership (26.6%) is nearly equivalent to the depreciation of Toyota vehicles within 5 years of ownership (30.7%).
- The Tesla Model 3 depreciates the most within 1 year of ownership (35.6%).
- The Toyota Tacoma depreciates the least within 7 years of ownership (35.9%).
