The car market took an unexpected turn in 2023, defying the norms we’ve come to expect. Thanks to a unique set of circumstances sparked by the pandemic, which includes a slump in new car production and a squeeze on the availability of used cars, vehicles today are holding onto their value like never before. Gone are the days when a car would shed half its worth in five years; now, we’re seeing an average depreciation of just 38.8%.
According to a report by iSeeCars, vehicles are now seeing an average depreciation of 38.8% over a five year span. Here are 25 cars that are leading the pack in value retention.
Porsche 911
- Average 5-Year Depreciation: 9.3%
- Average $ Difference from MSRP after 5 years: $18,094
The Porsche 911 is known for its minimal depreciation, losing only 9.3% of its value over five years. This sports car is popular in the used market due to its timeless design and performance. The strong demand keeps its resale value high, with an $18,094 difference from its original MSRP after five years.
Porsche 718 Cayman
- Average 5-Year Depreciation: 17.6%
- Average $ Difference from MSRP after 5 years: $13,372
With a 5-year depreciation of just 17.6%, the Porsche 718 Cayman is a valued choice for sports car enthusiasts. It combines performance with a more accessible price than the 911. Its depreciation is relatively low, with an average $13,372 difference from MSRP after five years.
Toyota Tacoma
- Average 5-Year Depreciation: 20.4%
- Average $ Difference from MSRP after 5 years: $8,359
Toyota Tacoma’s 5-year depreciation stands at 20.4%, making it a strong choice in the mid-size truck market. Known for its durability and reliability, the Tacoma maintains its value well, with an average $8,359 difference from its original MSRP after five years.
Jeep Wrangler/Wrangler Unlimited
- Average 5-Year Depreciation: 20.8%
- Average $ Difference from MSRP after 5 years: $8,951
Jeep Wrangler and Wrangler Unlimited models are popular for their off-road capabilities and unique design. They depreciate by 20.8% over five years. These models hold their value well in the used market, with an $8,951 average difference from MSRP after five years.
Honda Civic (sedan/hatchback)
- Average 5-Year Depreciation: 21.5%
- Average $ Difference from MSRP after 5 years: $5,817
The Honda Civic, available as a sedan or hatchback, has a 5-year depreciation rate of 21.5%. It’s a popular choice for its reliability and fuel efficiency. The Civic maintains a strong resale value, with a $5,817 average difference from MSRP after five years.
Subaru BRZ
- Average 5-Year Depreciation: 23.4%
- Average $ Difference from MSRP after 5 years: $8,114
The Subaru BRZ is known for its handling and sports car feel. It depreciates 23.4% over five years. This model is popular for its balanced driving experience and Subaru’s reputation for reliability. The BRZ keeps its value, with an $8,114 difference from MSRP after five years.
Chevrolet Camaro
- Average 5-Year Depreciation: 24.2%
- Average $ Difference from MSRP after 5 years: $10,161
The Chevrolet Camaro, an American muscle car, depreciates by 24.2% over five years. It’s recognized for its powerful engines and distinctive style. The Camaro maintains a good resale value, with a $10,161 average difference from MSRP after five years.
Toyota C-HR
- Average 5-Year Depreciation: 24.4%
- Average $ Difference from MSRP after 5 years: $6,692
Toyota C-HR’s 5-year depreciation is 24.4%. This compact SUV is appreciated for its unique design and efficiency. It’s a practical choice in urban settings. The C-HR’s resale value remains strong, with a $6,692 difference from MSRP after five years.
Subaru Crosstrek
- Average 5-Year Depreciation: 24.5%
- Average $ Difference from MSRP after 5 years: $7,214
The Subaru Crosstrek depreciates 24.5% over five years. It’s a mix of a car and SUV, known for its all-wheel drive and fuel efficiency. The Crosstrek is valued for its versatility, with a $7,214 average difference from MSRP after five years.
Toyota Corolla
- Average 5-Year Depreciation: 24.5%
- Average $ Difference from MSRP after 5 years: $5,800
The Toyota Corolla has a 5-year depreciation of 24.5%. It’s a reliable and economical choice in the compact car market. The Corolla is popular for its longevity and fuel efficiency, maintaining a strong resale value with a $5,800 difference from MSRP after five years.
Ford Mustang
- Average 5-Year Depreciation: 24.5%
- Average $ Difference from MSRP after 5 years: $10,035
The Ford Mustang, a classic American muscle car, depreciates by 24.5% over five years. It’s known for its strong performance and iconic design. The Mustang holds its value well in the used car market, with an average $10,035 difference from MSRP after five years.
Porsche 718 Boxster
- Average 5-Year Depreciation: 25.1%
- Average $ Difference from MSRP after 5 years: $20,216
The Porsche 718 Boxster is a mid-engine roadster with a 5-year depreciation of 25.1%. It’s celebrated for its agility and luxurious feel. The Boxster maintains a strong resale value, with a $20,216 average difference from MSRP after five years.
Toyota Tundra
- Average 5-Year Depreciation: 25.3%
- Average $ Difference from MSRP after 5 years: $12,588
Toyota Tundra’s 5-year depreciation stands at 25.3%. This full-size truck is praised for its reliability and towing capacity. The Tundra keeps a good resale value, with a $12,588 average difference from its original MSRP after five years.
Kia Rio 5-Door
- Average 5-Year Depreciation: 25.8%
- Average $ Difference from MSRP after 5 years: $5,006
The Kia Rio 5-Door, a subcompact hatchback, depreciates 25.8% over five years. It’s known for its practicality and fuel efficiency. The Rio 5-Door is a budget-friendly choice, maintaining a strong resale value with a $5,006 difference from MSRP after five years.
Porsche 911 (convertible)
- Average 5-Year Depreciation: 26.0%
- Average $ Difference from MSRP after 5 years: $42,227
The Porsche 911 convertible has a 5-year depreciation of 26.0%. This luxury sports car is popular for its performance and open-top driving experience. It holds its value well, with a $42,227 average difference from MSRP after five years.
Honda HR-V
- Average 5-Year Depreciation: 26.2%
- Average $ Difference from MSRP after 5 years: $7,318
The Honda HR-V is a compact SUV with a 5-year depreciation of 26.2%. It offers a good balance of space and efficiency. The HR-V is a practical option with a strong resale value, reflected in the $7,318 average difference from MSRP after five years.
Subaru Impreza (wagon)
- Average 5-Year Depreciation: 26.2%
- Average $ Difference from MSRP after 5 years: $6,927
The Subaru Impreza wagon depreciates by 26.2% over five years. It’s a versatile vehicle known for its all-wheel drive and practical design. The Impreza wagon maintains a solid resale value, with a $6,927 average difference from MSRP after five years.
Kia Rio
- Average 5-Year Depreciation: 26.3%
- Average $ Difference from MSRP after 5 years: $4,959
The Kia Rio sedan has a 5-year depreciation of 26.3%. It’s a compact car that’s both affordable and reliable. The Rio holds its value well in the used car market, with a $4,959 average difference from MSRP after five years.
Chevrolet Spark
- Average 5-Year Depreciation: 26.6%
- Average $ Difference from MSRP after 5 years: $4,784
The Chevrolet Spark is a microcar with a 5-year depreciation of 26.6%. It’s ideal for city driving, offering affordability and maneuverability. The Spark has a strong resale value, with a $4,784 average difference from MSRP after five years.
Toyota RAV4
- Average 5-Year Depreciation: 27.2%
- Average $ Difference from MSRP after 5 years: $8,858
The Toyota RAV4, a compact SUV, depreciates by 27.2% over five years. It’s popular for its interior space and fuel efficiency. The RAV4 maintains a good resale value, with an $8,858 average difference from MSRP after five years.
Hyundai Accent
- Average 5-Year Depreciation: 27.4%
- Average $ Difference from MSRP after 5 years: $5,353
The Hyundai Accent is a subcompact sedan with a 5-year depreciation of 27.4%. It offers a combination of affordability and efficiency. The Accent’s resale value remains strong, with an average $5,353 difference from MSRP after five years.
Toyota 4Runner
- Average 5-Year Depreciation: 27.4%
- Average $ Difference from MSRP after 5 years: $13,147
The Toyota 4Runner depreciates by 27.4% over five years. This mid-size SUV is known for its off-road capability and durability. The 4Runner maintains a strong resale value, with a $13,147 average difference from MSRP after five years.
Chevrolet Corvette
- Average 5-Year Depreciation: 27.5%
- Average $ Difference from MSRP after 5 years: $22,712
The Chevrolet Corvette, an American sports car, has a 5-year depreciation of 27.5%. It’s recognized for its high-performance and distinctive style. The Corvette holds its value well, with a $22,712 average difference from MSRP after five years.
Nissan Kicks
- Average 5-Year Depreciation: 27.5%
- Average $ Difference from MSRP after 5 years: $6,560
The Nissan Kicks is a compact crossover with a 5-year depreciation of 27.5%. It’s known for its style and practicality. The Kicks maintains a good resale value, with a $6,560 average difference from MSRP after five years.
Subaru Impreza (sedan)
- Average 5-Year Depreciation: 27.8%
- Average $ Difference from MSRP after 5 years: $7,158
The Subaru Impreza sedan depreciates by 27.8% over five years. It’s a compact car valued for its all-wheel drive and safety features. The Impreza sedan maintains a solid resale value, with a $7,158 average difference from MSRP after five years.
