Tesla, BMW, Ford Models Depreciate Rapidly, Reports Show

Recent analyses highlight significant shifts in the used car market, with several popular models experiencing steep declines in value over the past year. Tesla stands out, as four of its models, including the Model S and Model Y, are among the top 20 used cars in the U.S. that have depreciated the most, with the Model S losing an average of 17.2% in value year-over-year. Luxury sedans like the BMW 7 Series, Maserati Ghibli, and Audi A8 also top the list for fastest depreciation, largely due to high maintenance costs and low demand on the resale market. In contrast, vehicles renowned for their reliability and affordability, such as the Toyota Corolla and Toyota Camry, maintain strong resale values and are favored for their longevity and low cost of ownership. These trends underscore the importance of considering depreciation, reliability, and maintenance costs when purchasing a car. The market data suggest that mainstream, durable models generally offer better long-term value than luxury or high-tech vehicles that depreciate quickly.