Has Your Used Car Kept Its Value in This Crazy Automotive Market?
At Jeff Schmitt Auto Group, we buy cars at competitive rates so that you get the best deal possible. If you are ready to let go of your pre-owned vehicle, visit our showroom to learn more!
Following one of the most unexpected automotive markets in recent history, select used cars, trucks, and SUVs have been able to hold their value unexpectedly well. In fact, in some cases, some used models three to five years old are still worth close to their original MSRP value — That is, according to a recent report by iSeeCars.com.
So which used vehicles have been able to hold their value well over the past couple of years? Read on to see which used cars, trucks, or SUVs have seen less depreciation than expected and which have been able to actually fight off depreciation almost altogether. Count down with us the results of data compiled by iSeeCars.com for the depreciation of vehicles five years old. Does your used vehicle make the cut?
10. Chevrolet Camaro
America’s favorite muscle car has been able to beat the average 40% 5-year depreciation by half, according to recent data. The Camaro has depreciated 20.2% across the Nation. As Chevy plans to phase off gas-powered Camaros in the coming year, many expect this new valuation to hold steady at least for a bit longer.
9. Nissan Versa
The unassuming but dependable Nissan Versa has seen an average 5-year depreciation of 19.9% in today’s automotive market. While gas prices are hitting record highs in recent years, this is certainly a vehicle worth investing in.
8. Toyota Corolla
Unsurprisingly, the Toyota Corolla maintains its ability to hold its value. Corollas or known for their dependability, power, performance, and seemingly unstoppable engines. If you’ve got one on your lot, you can look forward to a depreciation of 19.8%.
9. Ford Mustang
Ford’s popular muscle car the Mustang also sees an impressive depreciation rate, considering this is not always the first choice for drivers looking for a used car for everyday use. Depending on the trim, features, and add-ons with your model, owners can expect a depreciation rate of 19.4%.
6. Subaru BRZ
This high-performance sports car has been able to maintain its value over the past year pretty well. The BRZ has depreciated by roughly 18.2%. For drivers wanting to sell their newly purchased BRZ, now is the best time to get back the most value.
5. Honda Civic
The Honda Civic typically ranks as one of the best vehicles to own in order to fight off depreciation. Much like its longtime rival the Corolla, the Civic is a vehicle drivers can count on for years to come. This is reflected in the latest data as the Civic sees a depreciation rate of roughly 16.3%
4. Toyota Tacoma
If you’ve got a Toyota Tacoma on your driveway, you’re the proud owner of a truck that’s depreciated only 14.9%. Whether you decide to hang on to your Tacoma or sell it to reap the profits of inflation, you can’t go wrong. The Tacoma is one of the most dependable pickups available making it a win whether you own it or sell it
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3. Porsche 911
Surprising many is the Porsche 911 sports car that’s been able to maintain its value over the past five years. The Porsche 911 sees a 14.6% depreciation rate with even lower rates if you own more recent models.
2. Jeep Wrangler Unlimited
The Jeep Wrangler Unlimited comes in second as one of the best vehicles to hold its value over a five-year period. The Jeep Wrangler Unlimited sees a depreciation value of only 8.7% making it a great flip if you’re ready to say goodbye to your adventure vehicle.
1. Jeep Wrangler
Jeep Wranglers have always been able to do a great job holding their value. They are one of those vehicles that are able to push boundaries on the road, all while offering dependable power. The Jeep Wrangler tops the list with an impressive depression value of only 8.7%
Cash in On Your Vehicle’s Value at Jeff Schmitt Auto Group
At Jeff Schmitt Auto Group, our team is excited to offer competitive rates for drivers looking to sell their used vehicles. If you’ve got a vehicle that you are ready to let go of, now is the time to do so. We buy cars at competitive rates no matter the make or model. Visit us today to learn more about getting top dollar for your ride.
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