It’s no secret that new vehicles take a giant hit on worth as soon as they go away the dealership lot. Some take larger hits than others. Then there’s the Mercedes-Benz EQS. The luxurious EV loses a whopping 48.7 p.c of its common new value after only one yr of possession, in keeping with a research revealed by iSeeCars. That equates to $65,143—primarily the identical as writing off a whole E-Class.
It’s not the one electrical automobile on iSeeCar’s listing of fastest-depreciating vehicles, both. Five of the highest ten autos within the research are EVs, beginning with the Nissan Leaf in second place. It solely loses $15,786 on common, however with a significantly decrease beginning value, we’re nonetheless speaking a few 45 p.c drop. Jaguar holds the excellence of getting the highest-depreciating combustion automobile with the F-Pace in third, dropping $28,555, or 35.4 p.c of its worth. Alfa Romeo is not far behind with the Giulia at 33.4 p.c, dropping $16,297 on common. The Kia EV6 nabs fifth 33.3 p.c, dropping $18,081 on common.
| Make/Model | Difference Used Vs New (share) | Difference Used Vs New (Price) | Average Used Price |
| Mercedes-Benz EQS | -47.8% | -$65,143 | $71,231 |
| Nissan Leaf | -45.7% | -$15,786 | $18,756 |
| Jaguar F-Pace | -35.4% | -$28,555 | $52,010 |
| Alfa Romeo Giulia | -33.4% | -$16,297 | $32,467 |
| Kia EV6 | -33.3% | -$18,081 | $36,243 |
| Hyundai Ioniq 5 | -$32.9% | -$16,805 | $34,303 |
| Volkswagen ID.4 | -32.9% | -$15,609 | $31,870 |
| Alfa Romeo Stelvio | -32.3% | -$17,495 | $36,630 |
| Nissan Murano | -32.0% | -$13,842 | $29,458 |
| Mercedes-Benz S-Class | -31.5% | -45,781 | $99,598 |
What about autos that are not taking such a monetary beating? The research reveals a lot of love for hybrid autos, but it surely’s the plucky Kia Rio that turned our heads. It appears people within the US nonetheless need a reasonable combustion-powered subcompact, as a result of it solely misplaced $21 on common after one yr of use. It’s a drop of simply 0.1 p.c, that means a calmly used Rio nonetheless fetches a nearly-full sticker value. The incontrovertible fact that it was dropped from Kia’s lineup for 2024 could possibly be an element, too.
| Make/Model | Difference Used Vs New (share) | Difference Used Vs New (value) | Average Used Price |
| Land Rover Range Rover | +2.8% | $4,067 | $147,311 |
| Kia Rio | -0.1% | -$21 | $18,682 |
| Mercedes-Benz G-Class | -2.3% | -$4,587 | $196,112 |
| Ford Maverick | -4.1% | -$1,385 | $32,505 |
| Ford Maverick Hybrid | -4.4% | -$1,474 | $32,039 |
| Toyota Sequoia Hybrid | -4.6% | -$3,737 | $77,653 |
| Toyota Corolla Hybrid | -5.0% | -$1,359 | $26,038 |
| Toyota RAV4 Hybrid | -5.3% | -$2,131 | $37,727 |
| Honda Civic | -5.5% | -$1,577 | $26,934 |
| Kia Sportage Hybrid | -5.9% | -$2,085 | $33,397 |
Saving face for Mercedes is the G-Class, which ranks third on the least-depreciating scale with a 2.3-percent drop, or $4,587 on common. Meanwhile, the Ford Maverick solely loses round $1,400 on common. It holds fourth and fifth place right here, representing the usual combustion mannequin and the hybrid at 4.1 and 4.4 p.c.
The first-place Land Rover Range Rover has the curious distinction of promoting 2.8 p.c over its new sticker value on common after one yr. We suspect that is skewed as a result of new 2024 mannequin slowly reaching the market, pushing up demand for used SUVs as impatient consumers get bored with ready or refuse to pay excessive supplier markups. The iSeeCars group mentions this concept as properly.
The research evaluated over 1.6 million new and used listings from January by means of March 2024, incorporating 2023 and 2024 model-year autos. In this occasion, “used” equals a automobile having mileage inside 20 p.c of 13,476 miles, largely thought-about common mileage for a yr of use. Low-volume area of interest autos have been excluded from the analysis.
It’s attention-grabbing to see a transparent drop in EV costs versus sturdy residuals for used hybrids. This helps the softening demand for totally electrical autos we have seen, whereas hybrids stay fascinating selections for a lot of. The research additional breaks down new-versus-used autos by value brackets and areas within the US, which you’ll see on the supply hyperlink under.