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.
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.
February 14, 2019
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.
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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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