All cars depreciate, but some are worse than others
The average vehicle in the United States loses about half of its value after five years, according to a new study by iSeeCars.com. Some automobiles, though, lose value at a much faster pace. In fact, as you’ll see as you browse through this list, some vehicles depreciate 70 percent or more over that time period.
This data was compiled from more than 6.9 million 2014-model-year cars sold that year, and more than 800,000 used cars from the same model year sold between January and October 2019.
While rapidly declining value can be a terrible thing for the car’s original owner, it’s worth mentioning that depreciation like what you’re about to see on this list often means that a nice car can be bought for cheap on the used market.
Click on the image above to see the 10 vehicles that lose the most value after five years on the road.
10. Chevrolet Volt
Chevrolet Volt: 68.1%
The Chevy Volt made big waves in the automotive industry when it was first announced. It’s an electric car with a gasoline-powered engine that’s capable of charging the batteries while you drive. It was a revolutionary concept when new, but now that it’s getting older, values are dropping fast.
It’s worth noting that the Volt has been discontinued by Chevrolet. You may still find a new one on a dealer lot if you look hard enough, and it would probably be offered at a significant discount.
Chevrolet Volt Information
9. Jaguar XJL
Jaguar XJL: 68.9%
The Jaguar XJL is the long-wheelbase version of the British automaker’s largest sedan. It’s a beautiful car that’s great to drive, but, like other luxurious models, it depreciates much faster than average.
“Luxury cars have steep depreciation because owners likely trade them in when they become outdated and used car buyers don’t want to pay a high premium on a dated model,” said Ly. “Additionally, they are expensive to maintain and the high cost of ownership impacts resale value.”
The Jaguar XJ sedan has been discontinued, at least in its current form. Jaguar plans to replace its range-topping sedan with a new electric vehicle.
Jaguar XJ Information
8. BMW 6 Series
BMW 6 Series: 69%
The BMW 6 Series is a bit of an oddball in the luxury landscape. For years it was available as a coupe, a convertible, or as a four-door sedan with a rakish roofline that BMW calls a coupe (but isn’t).
Like the Chevy Volt and Jaguar XJ that came just before it on this list, the BMW 6 Series is no longer available for the 2019 model year.
BMW 6 Series Information
7. Ford Fusion Energi
Ford Fusion Energi: 69.1%
The electrified Ford Fusion midsize sedan interrupts one trend – luxury sedans – and gets back to another. The plug-in Ford is the second eco-friendly vehicle on this list after the Chevy Volt, and it won’t be the last.
“Previous government incentives contribute to the steep depreciation of electric and plug-in hybrid vehicles because their resale value is based off their lower post-incentive sticker price,” said Ly
While the Ford Fusion is still available on dealer lots in America, it’s definitely on borrowed time. Ford unveiled a plan to kill off all of its traditional sedans and hatchbacks in favor of the crossovers that buyers have indicated they prefer.
Ford Fusion Information
6. Acura RLX
Acura RLX: 69.2%
We’re not surprised to see the Acura RLX on this list of vehicles with the highest rate of depreciation. The RLX has never managed to compete on equal footing with other luxury sedans. That said, it’s not the worst luxury car on the list, as you’ll see when you click over to the next slide.
Acura RLX Information
5. BMW 5 Series
BMW 5 Series: 69.2%
Another luxury sedan shows up in fifth place. The BMW 5 Series is offered with a wide array of powertrain options, and it’s a competitive offering in each of the segments in which it competes. Still, the tastes of American buyers have shifted firmly in the direction of crossovers and SUVs, so it’s not really a surprise to see a car as competent as the 5 Series on this list.
BMW 5 Series Information
4. BMW i3
BMW i3: 70.9%
The BMW i3 is an interesting vehicle, and its inclusion on this list makes sense from two completely different angles. It’s electric (with an optional range-extending gasoline-powered engine), and it wears a premium badge. Combine those two factors and you’ve got a depreciation double whammy.
BMW i3 Information
3. Nissan Leaf
Nissan Leaf: 71%
The last time this list was compiled, the Nissan Leaf came in as the biggest loser of them all.
At an EPA-estimated 73 miles of range (which has gradually increased with successive model-year updates), this all-electric hatchback offers enough juice for the vast majority of commuters in the United States to run everywhere they need to go without stopping for a charge. But it’s starting to show its age, and newer versions of the Leaf and its competitors offer more range for a reasonable price.
Nissan Leaf Information
2. BMW 7 Series
BMW 7 Series: 71.3%
This is the third BMW on this list the fastest depreciating vehicles in America, and it’s the priciest of them all. It’s interesting to note that there haven’t been any vehicles on the list from BMW’s most obvious competitor: Mercedes-Benz.
There’s one vehicle with worse five-year depreciation than the big BMW. Click on the image above to see the winning loser.
BMW 7 Series Information
1. Maserati Quattroporte
Maserati Quattroporte: 72.2%
We’ve come to the worst of the worst. In first place, which is really last place, comes the Maserati Quattroporte. It may be the only Italian vehicle on this list, but, like so many others that we’ve seen already, it’s a high-performance luxury sedan in a world where buyers want crossovers and SUVs.
On the positive side, if you happen to be in the market for a new-to-you used luxury sedan, you’ll probably be able to find a very good deal on a BMW or Maserati. And in case you were wondering, a 72.2% drop means a 2014 Maserati Quattroporte would have lost a staggering $95,393 of value after 5 years of ownership.
Maserati Quattroporte Information