I figured electric cars would devalue the most. Those batteries need to be replaced and doing so costs more than the car is worth. These lemons would be nowhere near the market share they now hold if not for heavy government interference.
There’s not much of an appeal for used luxury vehicles unless one is a teenage male who doesn’t have any money.
Is there a Pickup Truck depreciation report?
The one you buy since others have no value to you.
Audi was a great laugh decades ago for losing half it’s value driving off the dealer lot.
I don’t worry about depreciation. I’ve got a 2014 Ford Expedition with 94k. Nearly trouble-free. Bought used in 2017 with 25k.
My wife has a 2014 Mercedes GLK (baby SUV) with 115k. It was a dealer demonstrator / loaner with 5k.
We are both retired and early 70s, so these might be our last cars. It would be nice to have one car newer than ten years old, though, but both are still in tip-top shape.
You might pick up one of those lux cars cheap, but you’ll pay through the nose for any maintenance.
People who can afford an overpriced luxury car do not buy 5 year old models. They buy new. There is not a big secondary market for overpriced used cars.
EC
Sounds like they are good deals as used cars.
And they seem to be. A few years ago you can get a loaded Beemer with 60,000 miles around here for about the cost of a used Honda.
My Yugo has to be one that list somewhere.
And the brand not on this list..... LEXUS.
It’s the brand name of the last four SUVs I have owned. And they hold their value quite well and reliable as hell. Not the most exciting things to drive, but very comfortable and quiet.
The luxury cars depreciate more quickly because buyers pay extra for their “newness”, and they ain’t new but for that first year.
The luxury cars depreciate more quickly because buyers pay extra for their “newness”, and they ain’t new but for that first year.
Notice that Mercedes isn’t on the list. Neither is Rolls Royce. Those cars, when new, are more than just new.
Glad I kept my Maxwell
Jack Benny
My 2016 Honda Accord Sport is worth $12,000+ to $18,000+ when I did a recent search on used cars. I bought it in May 2019 for about $18,000 and now paid off. It has just under 50,000 miles now.