Electric Vehicles Show Significantly Worse Depreciation In Us Used Car Study

A comprehensive study on depreciation among cars in the US shows significant variations between segments.

Online automotive search engine iSeeCars.com analysed over 800,000 five-year old used vehicles that were sold between March 2024 and February 2025, to determine their depreciation rates.

The results, unsurprisingly, showed that pick-up trucks, or bakkies as we know them in SA, were the least depreciation-prone, losing just 40.4 of their value on average, over five years.

Hybrid vehicles were a close second at 40.7 depreciation, while SUV body types lost 48.9 of their value over that period.

But, most worryingly, electric vehicles showed a significantly higher depreciation rate of 48.9 on average.