Electric vehicles are still relatively new to the market, which limits the ability to track their 5-year depreciation.
Hybrid residual values have improved by nearly 20 percentage points in the past 4 years, moving down from 56.7 percent in 2019 to 37.4 percent today.
The average truck loses just 34.8 percent of its value after five years, reflecting both long-term durability and consistent market demand for these models.
Their combination of an elevated ride height, comfortable passenger space, and practical cargo capacity make them popular choices, but not all SUVs depreciate equally.
“Until the restricted new car production of model years 2020 through 2022 moves completely through the used car market there will be a lack of vehicles to meet demand.
Heavy-duty trucks and vans, models no longer in production as of the 2022 model year, and low-volume models were removed from further analysis.
The average truck loses just 34.8 percent of its value after five years, reflecting both long-term durability and consistent market demand for these models.
“Trucks like the Colorado, Frontier, and Tacoma have become so capable in recent years that they can replace a full-size truck for many buyers while remaining far easier