Misc
Ranked: Which Cars Depreciate the Fastest?
Ranked: Which Cars Depreciate the Fastest?
It’s a fact of life that vehicles depreciate—some say by almost 50% as soon they’re driven out of the lot. But which cars depreciate the fastest?
We visualize 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 Value
At the top of the list, the Maserati Quattroporte loses nearly two-thirds of its value after five years. First introduced in 1963, the car is Maserati’s flagship, and is on its sixth iteration as a four-door luxury sedan, with a high performance Ferrari–made V6 or V8 engine.
The 2018 version of the car retailed anywhere between $109,000–$140,000, depending on the model.
Here’s a look at the full list of fastest depreciating cars in the U.S.
Rank | Model | Average 5-Yr Depreciation | Average Difference from MSRP |
---|---|---|---|
1 | Maserati Quattroporte | 65% | $90,588 |
2 | BMW 7 Series | 62% | $72,444 |
3 | Maserati Ghibli | 61% | $58,623 |
4 | BMW 5 Series (Hybrid) | 59% | $37,975 |
5 | Cadillac Escalade ESV | 59% | $63,885 |
6 | BMW X5 | 58% | $44,828 |
7 | INFINITI QX80 | 58% | $47,399 |
8 | Maserati Levante | 58% | $55,858 |
9 | Jaguar XF | 58% | $39,720 |
10 | Audi A7 | 57% | $48,917 |
11 | Audi Q7 | 57% | $41,731 |
12 | Cadillac Escalade | 57% | $59,093 |
13 | Audi A6 | 56% | $38,252 |
14 | Volvo S90 | 56% | $35,365 |
15 | Nissan Armada | 56% | $36,875 |
16 | Mercedes-Benz S-Class | 56% | $70,563 |
17 | Lincoln Navigator L | 56% | $57,224 |
18 | Mercedes-Benz GLS | 56% | $54,523 |
19 | Tesla Model S | 56% | $60,145 |
20 | BMW 5 Series | 55% | $39,856 |
21 | BMW X5 | 55% | $39,992 |
22 | Lincoln Navigator | 55% | $53,582 |
23 | BMW X5 M | 54% | $66,277 |
24 | Land Rover Range Rover | 54% | $68,874 |
25 | Cadillac XT5 | 54% | $31,737 |
N/A | Overall | 39% | $17,221 |
Note: MSRP stands for Manufacturer Suggested Retail Price, the price recommended by a product’s producer to retailers. Furthermore, MSRPs from 2018 were inflation-adjusted to 2023 dollars.
BMW’s 7-series and 5-series also lose value quickly (nearly 60% of their retail price), ranking second and fourth respectively.
Another Maserati car, the Ghibli comes in third (-61%), and the Cadillac Escalade ESV (-59%) rounds out the top five fastest depreciating vehicles.
From a quick glance through the ranks, the cars that depreciate the fastest are luxury vehicles, specifically luxury sedans. These types of cars are often leased, and supply increases dramatically once the lease period expires. Meanwhile, most owners who can afford a luxury car would prefer to buy a new model, while used-car owners would prefer not to pay a high premium on an already outdated model.
However, there’s another segment of the market that also drops in value quickly—electric vehicles. Analysis found that EVs lose roughly 49% of their value on the resale market, the worst amongst the categories specified.
Rank | Segment | Average 5-Yr Depreciation (%) |
---|---|---|
1 | EVs | 49% |
2 | SUVs | 41% |
3 | Hybrids | 37% |
4 | Trucks | 35% |
N/A | Overall | 39% |
A lack of larger demand appetite, as well as a plethora of government incentives pushing people to buying new electric vehicles could explain their faster than average depreciation rate. Trucks on the other hand are the slowest depreciating segment of all vehicles in the U.S.
Maps
Mapped: The 10 U.S. States With the Lowest Real GDP Growth
In this graphic, we show where real GDP lagged the most across America in 2023 as high interest rates weighed on state economies.
The Top 10 U.S. States, by Lowest Real GDP Growth
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.
Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.
This graphic shows the 10 states with the least robust real GDP growth in 2023, based on data from the Bureau of Economic Analysis.
Weakest State Economies in 2023
Below, we show the states with the slowest economic activity in inflation-adjusted terms, using chained 2017 dollars:
Rank | State | Real GDP Growth 2023 YoY | Real GDP 2023 |
---|---|---|---|
1 | Delaware | -1.2% | $74B |
2 | Wisconsin | +0.2% | $337B |
3 | New York | +0.7% | $1.8T |
4 | Missississippi | +0.7% | $115B |
5 | Georgia | +0.8% | $661B |
6 | Minnesota | +1.2% | $384B |
7 | New Hampshire | +1.2% | $91B |
8 | Ohio | +1.2% | $698B |
9 | Iowa | +1.3% | $200B |
10 | Illinois | +1.3% | $876B |
U.S. | +2.5% | $22.4T |
Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year as a sluggish finance and insurance sector dampened the state’s economy.
Like Delaware, the Midwestern state of Wisconsin also experienced declines across the finance and insurance sector, in addition to steep drops in the agriculture and manufacturing industries.
America’s third-biggest economy, New York, grew just 0.7% in 2023, falling far below the U.S. average. High interest rates took a toll on key sectors, with notable slowdowns in the construction and manufacturing sectors. In addition, falling home prices and a weaker job market contributed to slower economic growth.
Meanwhile, Georgia experienced the fifth-lowest real GDP growth rate. In March 2024, Rivian paused plans to build a $5 billion EV factory in Georgia, which was set to be one of the biggest economic development initiatives in the state in history.
These delays are likely to exacerbate setbacks for the state, however, both Kia and Hyundai have made significant investments in the EV industry, which could help boost Georgia’s manufacturing sector looking ahead.
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