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It’s a fact of life that vehicles depreciate - some say by almost 50% as soon they’re driven out of the lot. Some depreciate less, but which cars depreciate the fastest?In the graphic below, Visual Capitalist's Marcus Lu and Pallavi Rao show the top 10 vehicles with the highest depreciation rates over five years, based on data from iSeeCars.They analyzed over 1.1 million used cars from model year 2018, sold between November 2022 to October 2023. Models no longer in production as of the 2022 model year were excluded.Luxury Cars Struggle to Hold Their ValueAt the top of the list,...

A group of bandits broke into more than a dozen homes in ritzy NYC neighborhoods, swiping nearly 10 luxury cars in a cross-borough operation that spanned three months. The car thieves stole a Porsche, Mercedes, Range Rover and other high-end vehicles from driveways in Queens and Brooklyn from June through August, police said. They were still on the loose Sunday night. The gang typically worked in groups of four and three and targeted homes primarily in the affluent neighborhood of Whitestone but also hit houses in Bayside, Jamaica Estates, Holliswood, Manhattan Beach and Bay Ridge. They would strike in the...

When this story broke today that John Hynansky received a taxpayer funded $20 MILLION loan to build two luxury car dealerships and expand others in the Ukraine, Conservatives decried it and Media Matters bashed Conservatives. Media Matters says the loan by Overseas Private Investment Corporation (OPIC) is not taxpayer funded. The truth is, it all depends on what the meaning of "self-funded" is. Photo: John Hynansky Hynansky is a close friend and contributor to Joe Biden's political adventurers as well as a contributor to Barack Obama, so a $20 MILLION loan with US taxpayer funding to be sent overseas, made a...

What you are looking at is the physical representation of Hyundai's will to succeed in the U.S., also known as the 2009 Hyundai Genesis. The Korean automaker's first attempt at a rear-wheel-drive luxury sedan will debut in Detroit next week and arrive on our shores later this year (we think) with a price tag that starts below $30,000. As is Hyundai's way, it will feature power, performance and amenities that belie its little price tag. First, the design. The Genesis sedan has clean lines and uncluttered surfaces that look detailed and, frankly, expensive. Yes, it's derivative. There's a bit of...

The University of California spent more than $90,000 last year to shuttle members of the governing Board of Regents around town in a caravan of chauffeur-driven luxury cars during five meetings in the Bay Area. The cost to taxpayers was roughly 10 times that of hailing the regents a cab, a Chronicle analysis found. "The number is a bit flabbergasting," said Patrick Callan, president of the nonprofit National Center for Public Policy and Higher Education. ... --snip-- Since November, the 10-campus UC system has been swept up in a controversy over tens of millions of dollars in hidden perks and...

THE world's ten most expensive cars include such dreams-come-true as a street-legal, ten-cylinder Porsche race car, the Carrera GT, and cars with over 1000 horse power (HP) each. These kinds of cars make Ferraris and Aston Martins look like relative bargains; despite their fame, they are much cheaper than the cars on the Forbes list. Of the ten most expensive cars, only two are made by brands with household names, Porsche and Mercedes-Benz, although that depends on what your household is like.