15 cars that depreciated the most in 2021 | Monsterjam
Every new car loses value once it’s out of the lot, but in the months and years that follow, some cars retain much more value than others. Today, this information is more valuable than ever: the resale market in 2020 was more than three times bigger than the new car market, with 39.3 million used vehicles sold compared to 14 million new ones.
Co-pilot looked at its new and used vehicle sales database to determine which vehicle models suffered the highest average depreciation in 2021. Vehicles are ranked based on the average depreciation of a 2018 vehicle model to 2020. The links are divided by the average depreciation from 2014 to 2017 models. CoPilot data is current as of August 10, 2021.
Luxury cars generally offer widespread appeal to those who buy them new as status symbols. But once these vehicles hit the resale market, the fancy bells and whistles are much less important than the reliability, fuel economy, and reputation of the car. Luxury vehicles and electric vehicles are two groups with one of the largest write-downs, and a fuel-only car available at 52 stations in California ranks first on our list.
While there are factors outside of a vehicle’s make and model that affect depreciation as well, such as number of owners or maintenance and accident history, there are some vehicle models with more depreciation than the average. average, regardless of the maintenance. If you are in the market for a car, these makes and models deserve your full attention as they may not get much value back when traded in. That said, if you are looking for a used vehicle, the cars on this list can offer a lot when bought used rather than new if they have amenities to suit your lifestyle.