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The average passenger vehicle loses nearly half of its value over five years, according to the automotive research firm iSeeCars.
iSeeCars analyzed over 6.9 million vehicles from model-year 2014 that were sold that year and compared them to over 800,000 used vehicles from model-year 2014 that were sold in 2019.
Depreciation - Period - % - Vehicles - Brands
The average depreciation over that period was 49.6%, but vehicles from brands like Jeep, Toyota, and Porsche held on to more of their value.
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Passenger - Vehicle - Half - Value - Years
The average passenger vehicle loses nearly half of its value over five years,...
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