Buyers Beware These Used Cars Are Depreciating Faster Than You Think

It is no secret that car values have been riding a rollercoaster lately, but some models have taken a particularly rough plunge. In the past year alone, a surprising number of popular vehicles have shed thousands of dollars in value, offering a clear look at changing market dynamics.

Read: This Car Loses 73% Of Its Value After Just Five Years

Four Tesla models are among the top 20 used cars in the United States that depreciated the most over the past 12 months. However, Tesla is hardly alone in this honor, as several other mainstream and premium brands, including Ford, BMW, Mercedes, Hyundai, Lincoln, and Genesis, have also seen significant price drops.

The team from iSeeCars recently analyzed the prices of 1.4 million used vehicles over the past year to determine which ones have been hit the hardest. At the top of the list sits the Tesla Model S, which depreciated by an average of 17.2 percent year-over-year, representing a fall of $9,944. As of March 2025, the average listing price for a Model S was $47,931. This, perhaps, is not much of a shock considering the electric sedan has been around for 13 years and Tesla has faced its share of public relations headaches in the last few months, adding to its woes.

A Closer Look at the Biggest Losers

Trailing just behind the Model S is the Porsche Taycan, which dropped by an average of $13,422 over the past year, or about 15.1 percent. Meanwhile, the Ford Explorer Hybrid saw its average price fall by 14.1 percent to $31,228, and the BMW 5-Series Hybrid was not far behind, dropping 13.9 percent to $34,375.

The second Tesla to appear on the list is the Model Y. The study from iSeeCars shows that prices of it have fallen by an average of 13.1% to $30,611. This places it two positions ahead of the Model 3 in eighth, with prices dropping by 10.9% to $26,084. In 17th position was the Model X, with reported average price falls of 7.3% to $55,990.

Used Cars With The Largest Price Drops

Other notable entries on the list include the Maserati Levante, down 11.5 percent, the Jeep Gladiator (-10.7 percent), the Kia Niro EV (-9.6 percent), the Volvo S90 (-9.2 percent) and the Chevrolet Corvette Convertible, whose price declined by 7.3 percent.

Worst Performing Brands

Tesla was named the brand with the steepest year-over-year declines in used car pricing. Across its lineup, its models lost an average of 10.1 percent in value over the past year, which translates to $3,541 on average. Chrysler followed closely behind, with an 8.9 percent drop, while Maserati, Genesis, Dodge, Buick, and Chevrolet also posted noticeable losses.

“In both the new and used car markets, Tesla prices have been dropping for over two years,” iSeeCars executive analyst Karl Brauer said. “Price cuts on new Teslas immediately impacted used Teslas, driving their prices down at a rapid rate. The new car price cuts were driven by Tesla’s desire to maintain sales growth, but that strategy stopped working last year when the automaker saw its first decline in annual sales.”

Brands With The Largest Used Car Price Drops

#Buyers #Beware #Cars #Depreciating #Faster