Photo of 2016 Toyota Tacoma TRD via Wikipedia user Kevauto. Creative Commons license https://creativecommons.org/licenses/by-sa/4.0/deed.en

published on November 13, 2020 - 1:17 PM
Written by The Business Journal Staff

A new study has been published online showing which cars have the highest and lowest rates of depreciation for Central Valley areas.

On Monday, the online automotive research firm iSeeCars.com released its report on automotive depreciation. The average new car in the Fresno-Visalia area loses 49.5% of its value after five years. According to the study, the car with the highest rate of depreciation is the BMW 5 Series, which loses 70.5% of its value over five years. Following BMW are the Infiniti QX60 (65.1%), the BMW 3 Series (62.4%), the Chevrolet Camaro (61.9%) and the Buick Enclave (61.7%). For the BMW 5 Series, that can be a loss of $47,038 in some markets, according to the report.

On the opposite end, the study found that at 21.5%, the Toyota Tacoma has the lowest five-year depreciation rate. That represents a potential loss of $10,496, depending on sticker price. The Jeep Wrangler Unlimited (27.6%), Toyota Tundra (28.1%), Toyota 4Runner (31.6%) and the Honda Civic (34.1%) round out the list.

“While the average new vehicle loses almost half of its value over five years, there are vehicles that retain more of their value and depreciate less than average,” said Karl Brauer, executive analyst for iSeeCars. “For consumers who purchase new vehicles and plan to sell them in the first five years of ownership, choosing a model that retains the most value is a smart economic decision, especially when you consider depreciation is the single largest ‘cost’ to owning a vehicle.”

iSeeCars analyzed more than 8.2 million car sales to identify the models with the highest and lowest loss in value.


e-Newsletter Signup

Our weekly poll

Does your business need more federal coronavirus relief?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY