Tesla Cybertruck sales collapse, company accepts trade-ins with extreme depreciation
icedterminal @ icedterminal @lemmy.world Posts 0Comments 259Joined 2 yr. ago

icedterminal @ icedterminal @lemmy.world
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The industry average is roughly 20% in the first year. And then 5% to 15% every year after. Heavily depends on the brand, model and market conditions. Cult cars like the Tacoma, Wrangler, WRX, and MX5, hold their value well. Whereas high selling, popular cars like the 2013 - 2017 Ford Escape tanked hard. I remember reading an article about that one and it was only worth a couple grand after 5 years.