7 Cars With the Most Yearly Depreciation Since New

Shedding Value Fast

We all know cars begin losing value off of their MSRP the moment you drive out of the dealer lot. But some models tend to do so a lot more quickly than others. We're listing the top 7 cars in terms of percentage depreciation in the first year, based on data from iSeeCars. And unsurprisingly, the majority of them are EVs. The two internal combustion-powered vehicles on this aren't exactly a surprise, either, and you'll know what we mean when you get there!

7. Jaguar E-PACE

Luxury cars are a category of vehicles that tend to have a value nosedive, especially in the early years. And the Jaguar E-Pace is reportedly at the forefront in the depreciation department. The E-Pace reportedly takes a 16.3% yearly depreciation, which adds up to around $5,149 on average.

6. Chevrolet Bolt EV

One of, if not the best value-for-money offerings in the EV realm, the Chevy Bolt has been a popular choice among electric buyers. However, GM's compact and economical vehicles also lose their value rather quickly. The iSeeCars study shows a value loss of 18.3% on average, which translates to around a $3,997 loss.

5. Hyundai Kona Electric

Next up is another EV, this time the Kona Electric from Hyundai which reportedly suffers from a year-over-year depreciation of about 18.5% or $4,873 on average, according to the study.

4. Nissan LEAF

And we move on to the next electric vehicle, occupying the number four spot on the list, is the Nissan Leaf. The original affordable EV, the Leaf has remained a popular choice for its value proposition. It does come with a high depreciation rate, though, at 20.2% according to the study, which equates to $4,102 of value lost on average. 

3. Maserati Levante

And that brings us to our next, and final ICE-powered candidate on the list: The Maserati Levante. Stellantis brands and models are showing up in all the wrong places these days. And the Maserati Levante holds the flag for the manufacturer as the gas-powered vehicle with the highest year-over-year depreciation, calculated at 20.2%, which ties it with the aforementioned Nissan Leaf in terms of percentage, but the average amount in this case is significantly higher at $11,086.

2. Kia Niro EV

The penultimate vehicle on the list, the Kia Niro EV, has a reported depreciation rate of 21.0% per year, which means it loses about $5,769 on a yearly basis in the first five years of ownership. That is a high depreciation rate, but it's not nearly as bad as the model that takes the number 1 spot.

1. Tesla Model 3

Tesla's world-famous entry-level model, the Model 3 reportedly has experienced the highest value loss in the first five years. iSeeCars reports the percentage depreciation for the Tesla sedan at a whopping 24.8%, which is a big jump even compared to the next car on the list. This reportedly adds up to an $8,558 loss of value on a yearly basis based on the data. 

Of course, these vehicles may be ones to avoid buying new, but for those looking for used bargains, there may be an opportunity on the pre-owned market to get a good deal on a car you'd not be able to afford new.