Vehicle Value Retention

iSeeCars analyzed over 1.1M used cars from model year 2018 sold from November 2022 to October 2023 to find which vehicles hold their value best. Here’s what they discovered:

In General…

• All cars are holding their value better in 2023 compared to 2019.
• Expect those higher used car prices to stick around. With the limited production from 2020 to 2022 still impacting the market, there are just not enough cars to meet demand. Good news for vehicle values, but buyers will face steeper price tags.

Best in Class…

• Trucks and hybrids retain the most value, losing only 35% and 37% respectively after five years.
• Porsche, Toyota, Subaru, and Chevy had the highest number of models on the slowest depreciating list.
• Overall, sports cars, small SUVs, and economy cars tend to hold their value best.
  

Rough Rides…

• EVs are the worst segment at holding their value, losing 49.1% in five years.
• Maserati, BMW, and Audi had the highest number of models on the fastest-depreciating list.
• Overall, luxury SUVs and sedans are some of the worst at holding their value.