10 Car Models with the Biggest Price Drops! Used Car Market in Trouble



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The used car market is a fluid system, constantly changing the value of vehicles for a multitude of vehicles. Factors such as reliability, cost to own, prestige, the existence of a newer generation, and a host of other things all culminate to achieve a proper market value.
Major world events such as epidemics causing global supply shortages cause long-reaching effects on the market, and it seems that the previously inflated values of used cars spurned on by the shortages of new cars have started to come down.
iSeeCars has collated data from over 2.2 million 1- to 5-year-old used cars sold in May 2023 and 2024 to see which models have dropped their values most drastically. On average, they found a drop of 6.5% across the board. However, electric cars have seen a significant price crash, with some losing a third of their value in one year. A lowered demand for EVs has seriously tanked the market, and as we go over the top 10 value losers, you’ll notice a significant number of these once-hot models.

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By dennismary.slave@gmail.com

I am a Vet. Surgeon and Publisher

31 thoughts on “10 Car Models with the Biggest Price Drops! Used Car Market in Trouble”
  1. Most new products, including EV's have development costs built into them. Like any new Samsung or Google Pixel, they always cost hundreds to thousands less after a few years. For me, I wouldn't compare EV's and ICE like that. They have the same function but don't share the same public experience. You probably think like the OP and never owned an EV.

  2. As an English man i am not surprised that JLR have two cars in the list ., after all we had the god awful British Leyland ! As JLR have the most terrible record for breaking down , so did BL !

  3. Wrecked my 2019 Jeep Grand Cherokee with 2 deer so I needed to buy a car quickly. So I went back and got the new model but only the 4xe had what I was looking for with the technology and all. With that said the Jeep Grand Cherokee 4xe needs to be on this list. I returned mine within a year of ownership. It charges to a 27 mile range but only really gets 25… no thanks.. the fact that it has a short range should have told me everything I needed to know. Also everything is coming with these 4 cylinder twin turbo which is also going to be a problem soon

  4. I wanted a Tesla but I started seeing lines at recharge stations so unless they greatly expand it, I'm going to hold off. The news of Tesla eliminating their team that is responsible for building and expanding their recharging network also added to my hesitation.

  5. Luxury brands have always had some of the biggest depreciation and since the beginning of the electric vehicle craze, a lot of market analysis experts have said the same will be true for the evs. So nothing in this video is a surprise

  6. The lesson here. Buy an EV and loose your rear end. Between EV battery technology cycles and manufacturers trying to reduce EV cost. You can’t win buying an EV. I’d buy and did purchase a gas powered vehicle. I’m likely not an EV buyer for another 4 years. Do you think the earth will still be around in 4 years. Several years ago we were told we had less than 10 years.

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