We can look at the pre-used car market to see which vehicles are losing their value faster and which are retaining the best value over the years. During the pandemic, some crazy market maneuvers led to used (5 years) cars sometimes costing more than new ones. We can see a noteworthy trend between electric vehicles and hybrids in the pre-used car market. Porsche 911 (coupe) (-9.3 %, -$18,094 of value); Porsche 718 Cayman (-17.6 %, -$13,372 of value); Toyota Tacoma (-20.4 %, -$8,359 of value); Jeep Wrangler/Wrangler Unlimited (-20.8 %, -$8,951 of value); Honda Civic (sedan/hatchback) (-21.5 %, -$5,817 of value); Subaru BRZ (-23.4 %, -$8,114 of value); Chevrolet Camaro (-24.2 %, -$10,161 of value); Toyota C-HR (-24.4 %, -$6,692 of value); Subaru Crosstrek (-24.5 %, -$7,214 of value); Toyota Corolla (-24.5 %, -$5,800 of value). Electric cars tend to lose their value more because of the initial incentives that lower their price, and buyers are concerned about battery replacement costs down the line.

Source: Nigerian Tribune January 24, 2024 16:45 UTC