Vehicle depreciation can also vary depending on geographic location, market conditions, and local demand.
In recent years, it has become clear how large luxury cars depreciate significantly, which makes sense considering their high initial prices and the additional equipment options and customization that can be added.
But beyond large premium vehicles, electric cars are also showing a major loss in value in the used market, losing their value much more than the average.
Now, when a model combines both segments—that is, the category of large luxury cars along with electric vehicles—then the depreciation is even greater.
An example of how much a large luxury electric car depreciates was highlighted in a study by “iSeeCars” on the depreciation of new cars in the United States.
In this analysis, the absolute leader in terms of depreciation was the Mercedes-Benz EQS, a luxurious and expensive limousine-style sedan. According to the study, the average price of this one-year-old model is approximately 48% lower than that of a new one. This equals nearly half its value in just 12 months.
In second place is the Nissan Leaf, another vehicle experiencing considerable depreciation. Here, the value drops by 45% during the first year. Other models that also show rapid depreciation include the Jaguar F-Pace, the Kia EV6, among others.
It’s important to note that these results refer to cars that are both expensive and niche, and do not have high demand in the market. This includes luxury electric vehicles and older models.
These factors must be considered when analyzing the study’s results. Depreciation of all large, expensive premium cars cannot be generalized based solely on these findings, as several factors are at play.
How Much an Electric Car Depreciates in the First Year
It’s worth noting that a car’s depreciation can also vary depending on geographic location, market conditions, and local demand.
- Mercedes-Benz EQS (-47.8%)
- Nissan Leaf (-45.7%)
- Jaguar F-Pace (-35.4%)
- Alfa Romeo Giulia (-33.4%)
- Kia EV6 (-33.3%)
- Hyundai Ioniq 5 (-32.9%)
- Volkswagen ID.4 (-32.9%)
- Alfa Romeo Stelvio (-32.3%)
- Nissan Murano (-32.0%)
- Mercedes-Benz S-Class (-31.5%)
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