Used car prices have dropped since their peak during the pandemic, as reflected in higher 5-year depreciation rates across all vehicle types. This means new cars are losing more money after 5 years because both the new and used car supply is slowly returning to normal following the plant shutdowns during COVID.
But the rate of depreciation varies drastically between segments, with electric vehicles now losing 58.8% of their value after 5 years, and trucks and hybrids only losing about 40% of their new vehicle value. The industry average for all vehicles is 45.6%, reflecting more lost value than the 38.8% drop in 2023, but less than the 49.6% drop in 2019.
iSeeCars analyzed over 800,000 5-year-old used cars sold from March 2024 to February 2025 to determine 5-year depreciation rates.
5-Year Depreciation for Notable Vehicle Segments - iSeeCars Study | |||
Segment | 2019 | 2023 | 2025 |
Overall | 49.6% | 38.8% | 45.6% |
Hybrids | 56.7% | 37.4% | 40.7% |
EVs | 67.1% | 49.1% | 58.8% |
SUVs | 51.6% | 41.2% | 48.9% |
Trucks | 42.7% | 34.8% | 40.4% |
“Depreciation remains the most expensive aspect of buying a new vehicle, and the variation between vehicle types and specific models is something consumers should consider when researching their next purchase,” said iSeeCars Executive Analyst Karl Brauer. “The difference between buying a hybrid versus an electric vehicle could be tens of thousands of dollars in lost value.”
Top 25 Vehicles with the Lowest 5-Year Depreciation - iSeeCars Study | ||||
Rank | Model | Segment | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Porsche 911 | Sports Car | 19.5% | $24,428 |
2 | Porsche 718 Cayman | Sports Car | 21.8% | $15,851 |
3 | Toyota Tacoma | Truck | 26.0% | $8,217 |
4 | Chevrolet Corvette | Coupe | 27.2% | $18,557 |
5 | Honda Civic | Sedan/Hatchback | 28.0% | $6,987 |
6 | Chevrolet Camaro | Sports Car | 28.0% | $8,653 |
7 | Toyota Tundra | Truck | 29.1% | $11,659 |
8 | Ford Mustang | Sports Car | 29.2% | $9,325 |
9 | Porsche 718 Boxster | Sports Car | 29.6% | $22,155 |
10 | Toyota Corolla Hatchback | Hatchback | 30.1% | $7,156 |
11 | Subaru BRZ | Sports Car | 30.2% | $9,424 |
12 | Toyota RAV4/RAV4 Hybrid | SUV/Hybrid | 30.9% | $9,233 |
13 | Toyota 4Runner | SUV | 31.3% | $12,753 |
14 | Toyota Corolla | Sedan | 31.4% | $7,004 |
15 | Subaru Crosstrek | SUV | 33.0% | $8,511 |
16 | Subaru Impreza | Wagon | 33.4% | $7,889 |
17 | Chevrolet Corvette | Sports Car | 33.7% | $25,343 |
18 | Jeep Wrangler | SUV | 33.9% | $10,888 |
19 | Honda HR-V | SUV | 34.0% | $8,640 |
20 | Ford Ranger | Truck | 34.7% | $11,472 |
21 | Honda Accord | Sedan | 34.9% | $9,879 |
22 | Toyota Prius | Hybrid | 34.9% | $9,908 |
23 | Honda CR-V | SUV | 35.2% | $10,602 |
24 | Subaru WRX | Sedan | 35.5% | $12,702 |
25 | Toyota Camry | Sedan | 35.5% | $9,388 |
Overall Average | 45.6% | $17,395 |
Top 25 Vehicles with the Highest 5-Year Depreciation - iSeeCars Study | ||||
Rank | Model | Segment | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Jaguar I-PACE | EV | 72.2% | $51,953 |
2 | BMW 7 Series | Sedan | 67.1% | $65,249 |
3 | Tesla Model S | EV | 65.2% | $52,165 |
4 | INFINITI QX80 | SUV | 65.0% | $53,571 |
5 | Maserati Ghibli | Sedan | 64.7% | $70,874 |
6 | BMW 5 Series | Hybrid | 64.7% | $47,457 |
7 | Nissan LEAF | EV | 64.1% | $18,043 |
8 | Maserati Levante | SUV | 63.7% | $64,991 |
9 | Tesla Model X | EV | 63.4% | $53,846 |
10 | Cadillac Escalade ESV | SUV | 62.9% | $56,996 |
11 | Land Rover Range Rover | SUV | 62.9% | $67,858 |
12 | Audi A8 L | Sedan | 62.7% | $57,724 |
13 | BMW 5 Series | Sedan | 61.7% | $36,208 |
14 | Audi Q7 | SUV | 61.6% | $37,256 |
15 | INFINITI QX60 | SUV | 61.5% | $30,888 |
16 | Cadillac Escalade | SUV | 61.0% | $53,458 |
17 | Audi A6 | Sedan | 60.9% | $35,401 |
18 | Land Rover Discovery | SUV | 60.9% | $36,635 |
19 | Mercedes-Benz S-Class | Sedan | 60.7% | $71,460 |
20 | Audi A7 | Sedan | 60.5% | $43,535 |
21 | Tesla Model Y | EV | 60.4% | $36,225 |
22 | Lincoln Navigator L | SUV | 60.3% | $62,069 |
23 | Porsche Taycan | EV | 60.1% | $59,691 |
24 | Nissan Armada | SUV | 60.0% | $33,914 |
25 | Ford Expedition MAX | SUV | 60.0% | $36,692 |
Overall Average | 45.6% | $17,395 |
EVs Ranked by 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
Overall Average | 45.6% | $17,395 | |
1 | Tesla Model 3 | 55.9% | $23,771 |
2 | Hyundai Kona Electric | 58.0% | $19,062 |
EV Average | 58.8% | $29,356 | |
3 | Kia Niro EV | 59.2% | $23,439 |
4 | Porsche Taycan | 60.1% | $59,691 |
5 | Tesla Model Y | 60.4% | $36,225 |
6 | Tesla Model X | 63.4% | $53,846 |
7 | Nissan LEAF | 64.1% | $18,043 |
8 | Tesla Model S | 65.2% | $52,165 |
9 | Jaguar I-PACE | 72.2% | $51,953 |
Hybrids Ranked by 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Toyota RAV4 Hybrid | 31.2% | $10,062 |
2 | Toyota Prius | 34.9% | $9,908 |
3 | Toyota Corolla Hybrid | 35.6% | $8,471 |
4 | Toyota Prius Prime | 36.0% | $11,865 |
5 | Toyota Highlander Hybrid | 39.8% | $18,432 |
6 | Toyota Camry Hybrid | 39.8% | $11,486 |
7 | Lexus UX 250h | 39.8% | $14,156 |
Hybrid Average | 40.7% | $14,758 | |
8 | Honda Accord Hybrid | 41.1% | $13,834 |
9 | Honda CR-V Hybrid | 41.3% | $14,301 |
Overall Average | 45.6% | $17,395 | |
10 | Kia Niro | 46.8% | $12,630 |
11 | Lexus ES 300h | 47.6% | $20,666 |
12 | Kia Niro Plug-In Hybrid | 47.6% | $16,412 |
13 | Hyundai Sonata Hybrid | 48.6% | $15,186 |
14 | Porsche Cayenne | 52.1% | $50,607 |
15 | Ford Escape Hybrid | 52.3% | $17,000 |
16 | Mitsubishi Outlander PHEV | 53.4% | $21,609 |
17 | Mercedes-Benz GLC | 54.3% | $32,552 |
18 | Volvo XC60 | 57.4% | $33,316 |
19 | BMW 5 Series | 64.7% | $47,457 |
Trucks Ranked by 5-Year Depreciation - iSeeCars Study | ||||
Rank | Model | Size | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Toyota Tacoma | Midsize | 26.0% | $8,217 |
2 | Toyota Tundra | Full-size | 29.1% | $11,659 |
3 | Ford Ranger | Midsize | 34.7% | $11,472 |
4 | Jeep Gladiator | Midsize | 35.6% | $13,558 |
5 | GMC Canyon | Midsize | 38.1% | $14,644 |
6 | Nissan Frontier | Midsize | 38.3% | $12,284 |
Truck Average | 40.4% | $15,114 | ||
7 | Chevrolet Colorado | Midsize | 40.9% | $13,050 |
8 | Chevrolet Silverado 1500 | Full-size | 41.5% | $15,367 |
9 | GMC Sierra 1500 | Full-size | 41.6% | $15,949 |
10 | Honda Ridgeline | Midsize | 42.4% | $17,013 |
11 | Ram 1500 | Full-size | 42.8% | $17,241 |
12 | Ford F-150 | Full-size | 43.4% | $16,236 |
Overall Average | 45.6% | $17,395 | ||
13 | Nissan Titan XD | Full-size | 47.9% | $25,306 |
14 | Nissan Titan | Full-size | 48.1% | $22,459 |
15 | Ram 1500 Classic | Full-size | 48.1% | $18,634 |
Top 5 Small SUVs with the Lowest 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Toyota RAV4/RAV4 Hybrid | 30.9% | $9,233 |
2 | Subaru Crosstrek | 33.0% | $8,511 |
3 | Honda HR-V | 34.0% | $8,640 |
4 | Honda CR-V | 35.2% | $10,602 |
5 | Subaru Forester | 37.9% | $11,378 |
Small SUV Average | 45.5% | $14,549 |
Top 5 Small SUVs with the Highest 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Jaguar I-PACE | 72.2% | $51,953 |
2 | Tesla Model Y | 60.4% | $36,225 |
3 | Jaguar F-PACE | 59.8% | $34,113 |
4 | Cadillac XT5 | 59.6% | $26,398 |
5 | Kia Niro EV | 59.2% | $23,439 |
Small SUV Average | 45.5% | $14,549 |
Top 5 Midsize SUVs with the Lowest 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Toyota 4Runner | 31.3% | $12,753 |
2 | Jeep Wrangler | 33.9% | $10,888 |
3 | Toyota Highlander/Highlander Hybrid | 42.1% | $17,023 |
4 | Lexus RX 350 | 42.7% | $20,914 |
5 | Honda Passport | 46.3% | $20,730 |
Midsize SUV Average | 51.2% | $22,008 |
Top 5 Midsize SUVs with the Highest 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Maserati Levante | 63.7% | $64,991 |
2 | Tesla Model X | 63.4% | $53,846 |
3 | Audi Q7 | 61.6% | $37,256 |
4 | INFINITI QX60 | 61.5% | $30,888 |
5 | Land Rover Discovery | 60.9% | $36,635 |
Midsize SUV Average | 51.2% | $22,008 |
Top 5 Large SUVs with the Lowest 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | Mercedes-Benz G-Class | 38.8% | $57,548 |
2 | GMC Yukon | 52.4% | $35,032 |
3 | Chevrolet Tahoe | 52.6% | $27,601 |
4 | Chevrolet Suburban | 55.6% | $34,166 |
5 | Lincoln Aviator | 55.9% | $32,140 |
Large SUV Average | 57.3% | $39,454 |
Top 5 Large SUVs with the Highest 5-Year Depreciation - iSeeCars Study | |||
Rank | Model | Average 5-Year Depreciation | Average $ Difference from MSRP |
1 | INFINITI QX80 | 65.0% | $53,571 |
2 | Land Rover Range Rover | 62.9% | $67,858 |
3 | Cadillac Escalade/Escalade ESV | 61.8% | $54,886 |
4 | Lincoln Navigator L | 60.3% | $62,069 |
5 | Nissan Armada | 60.0% | $33,914 |
Large SUV Average | 57.3% | $39,454 |
Car buyers should use this list to either purchase a new vehicle with low depreciation, or consider a high depreciation model offering big savings on the used market.
Methodology
iSeeCars analyzed over 800,000 5-year-old used cars sold from March 2024 to February 2025. Heavy-duty trucks and vans, models no longer in production as of the 2024 model year, and low-volume models were removed from further analysis. MSRPs were inflation-adjusted to 2025 dollars based on data from the US Bureau of Labor Statistics. The difference in average asking price for each vehicle between its MSRP and its used car pricing was mathematically modeled to obtain the vehicle’s depreciation.
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