EVANSVILLE, Ind. (WEHT) – The average new car loses half its value after five years of ownership according to the latest iSeeCars study.
However, some cars retain their value to depreciate far less than average, while others do the opposite.
This is especially important for car buyers who sell/trade-in their cars around the 5-year mark.
Which cars best hold their value?
More than 7.7 million new and used car sales were analyzed during the study to identify models with the lowest and highest loss in value after five years.
Cars that Best Hold their Value in Evansville, IN lowest depreciation:
Rank Model Average 5-Year Depreciation
1 Jeep Wrangler 27.0%
2 Toyota Tacoma 30.1%
3 Jeep Wrangler Unlimited 30.2%
4 Toyota Tundra 32.0%
5 Toyota 4Runner 34.0%
Average for All Vehicles: 49.6%
Click here to view the full study.
(This story was originally published on November 5, 2019)