Navigation

Super Deals: 10 Cars that Depreciate the Most in the 1st Year

What Cars Depreciate The Most?

Updated September 28, 2018

A new car depreciates when you drive it off the dealer lot, but when the value drops almost 40% in the first year, it’s a screaming deal for a savvy buyer. Scroll down to view our list of 10 cars that depreciate the most in the 1st year.

2014-gmc-yukon-lexington-ky1

 

10. Jaguar XK

A two-door coupe that costs as much as a three-bedroom house in many parts of the country and it can’t maintain its value. Unlike Ferrari, Lamborghini, and Porsche enthusiasts, used cars are snapped up quickly at premium prices. Maybe that’s the problem – there aren’t any Jaguar enthusiasts. The value of a Jaguar XK after just a year off the dealer’s lot drops -29.2%. If you were to buy a one-year old pre-owned XK, you could expect a savings of $28,100 over buying new.

Cars that Depreciate the Most - Jaguar XK

 

9. Lincoln MKS

If your idea of a luxury car is a Ford Taurus with a bigger back seat and larger trunk, then the Lincoln MKS is the car for you. Maybe that explains the drop in value after just a year on the road:-30.4%. If you can’t live without the MKS you’ll save yourself $14.600 if you buy one that’s been out in public for a year.

Cars that Depreciate the Most - Lincoln MKS

 

7. Mercedes-Benz S-Class

OK, now we’re looking at a car whose price could purchase a four-bedroom house in large areas of the US. One that get better mileage than a house, but not much. at 17 mpg City and 25 mpg Highway we’re looking at numbers not seen on most sedans. And I could imagine that if you’re going buy an Mercedes S-Class to impress your (colleagues, boss, golf buddies, mistress, dominatrix) you’d prefer not to purchase a used (excuse me, gently pre-enjoyed) S-Class. The value drops nearly a third in the first year (-32.4%), accounting for a loss (or savings, depending upon your perspective) of $37,600.

Cars that Depreciate the Most - Mercedes S-Class

 

6. Volvo S80

Volvo, go figure. You;d think that the sole remaining Swedish brand (OK, owned by the Chinese company Geely) would be resale gold. Nope. After just a year on the highways the value of the Volvo S80 sedan falls by -32.6%, a drop in value of $15,700.

Cars that Depreciate the Most - Volvo S80

 

5. GMC Yukon XL

I suspect the big SUV from the General was a victim of the gas price spike last year (it takes a while to collect and analyze all this data). Just a year ago regular gasoline was an average of $3.40 per gallon nationwide. Right now the average is $2.20. Perhaps the GMC Yukon will recover but in the meantime if you’re looking for a big SUV, a year old model is -32.8% off sticker, a cash difference of $21,100.

Cars that Depreciate the Most - GMC Yukon

 

4. Chevrolet Impala

It seems that regardless of what you do, there are always unintended consequences. Take the case of the Impala. Chevy used it to go after the Toyota Avalon and become the highest selling sedan in America. Tons of promotion (i.e. incentives to consumers and to dealers) pumped Impalas out onto the highways at record rates. The backside is that used market quickly becomes flooded as owners decide the Chevy Impala wasn’t such a deal after all. The result is the first car on out list to have lost over a third of its value in one year (-33.5%), a cash difference of $10,800. Looking for a car so you can start driving for Uber?

Cars that Depreciate the Most - Chevrolet Impala

 

3. Cadillac CTS

In 2002 the Cadillac CTS was introduced to replace the Catera (not a very high bar). Since then, the CTS has been named to the Car and Driver 10 Best list six times and have won the Motor Trend Car of the Year award twice.  So what gives? For the 2015 Caddy jacked up the price, and in order to clear 2014s and start selling 2015s lucrative discounts were applied. haven’t we heard this story before? In the first year the CTS dropped  -36.9% off sticker, an equivalent of $20,000.

Cars that Depreciate the Most - Cadillac CTS

 

2. Smart Fortwo

No need to discuss. Loss after year one:  -36.9%, $6,900

If you’re looking for creative ideas for what you can do with a cheap, second-hand Smart ForTwo, check out this article.

Cars that Depreciate the Most - Smart Fortwo

 

1. Hyundai Genesis

Wow, what a shellacking. Image your premium sedan entry losing nearly 40% of its value in the first year. The Hyundai Genesis at first appeared to be an alternative to the Lexus GS. Sure, its styling was a little dated (the 2015 model is much better) but with a $39K MSRP versus the Lexus GS sticker of $50K for what were otherwise comparable cars, the Korean car seemed like a deal. Sort of. You had to add a few $K of options to match the Lexus equipment, and if you were expecting Lexus reliability and white-glove dealer service, it wasn’t going to happen. First-year price difference: -38.2%, a drop of $16,600 on a $40K-ish car. Wow.

Cars that Depreciate the Most - Hyundai Genesis

 

 

Categories: ,

Tags: , , , , , ,

Chris Riley
About Chris Riley

I have been wrecking cars for as long as I've been driving them but I keep coming back for more. Two wheels or four, I'm all in. GearHeads.org gives me a chance to give something back to the automobile community.

Starman Game

10 Longest Produced American V8 Engines

10 Best Special-Edition Ford Mustangs

The 8 Most Challenging Drivers' Roads in the US

American Cars That Got Weird When Built Overseas

10 Cars that Aren't as Fast as They Look

15 Sports Cars That Sip Gas

The 10 Most Groundbreaking Cars in Automotive History

The Top Five Most American Electric Vehicles

Top 5 street-legal race cars under $10k

At Autowise, we envision ourselves as not just a automobile blog or an automobile news website, instead we see our website as a platform to connect all automobile enthusiast and provide them with all the information they need.

Office Address: AutoWise, 809 N 30th St. Rogers, AR 75756
Emailcontact@autowise.com

© Copyright 2010 - 2018 AutoWise. All rights reserved.