These 3 Trucks and SUVs Saw the Heaviest Depreciation After a Year
Three trucks and SUVs were listed as having the highest depreciation after a year in a recent report from iSeeCars.
Among trucks, the Ram 1500, GMC Sierra 1500, and Nissan Titan claimed the top three spots for depreciation, losing 29.2%, 24.7%, and 22.5% of their value over the same time period, respectively.
Photo via Pixabay.
Three trucks and SUVs were listed as having the highest depreciation after a year in a recent report from iSeeCars.
The report analyzed over 7 million vehicles that saw the biggest drop in value for the 2017-2019 model years.
Among SUVs the Ford Expedition, Hyundai Santa Fe Sport and Kia Sportage realized the highest depreciation over the two years among mainstream brands, as these vehicles lost 38.5%, 31.4%, and 29.3% of their respective value over a one-year period, according to iSeeCars.com.
Among trucks, the Ram 1500, GMC Sierra 1500, and Nissan Titan claimed the top three spots for depreciation, losing 29.2%, 24.7%, and 22.5% of their value over the same time period, respectively.
For this report, iSeeCars classified a new vehicle as one from model years 2018 and 2019 while lightly used vehicles were defined as those from model years 2017 and 2018. Over 7 million vehicles sold on its platform were analyzed for this report.
The report looked at how much a used vehicle cost compared to its new counterpart after a model-year refresh. It then used this report to present a list of vehicles that buyers would be better buying off used over new because of the substantial difference in price.
For remarketing purposes, it essentially provided a list of vehicles that experienced the heaviest depreciation in the given time frame.
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