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Study: Average new car in Baltimore loses 40.5% value after five years

All new cars and SUVs must now have rearview cameras, government says

Carsten Koall

By: WMAR STAFF

Posted at 2:42 PM, Oct 27, 2021

and last updated 2021-10-27 15:04:53-04

BALTIMORE — New research from iSeeCars.com shows the average new car in Baltimore loses 40.5 percent of its value after five years.

The study analyzed more than 8.2 million new and used car sales to identify make and models with the lowest and highest depreciation over that time period.

While many cars were found to have lost their value, some remained steady.

Experts say finding a vehicle that retains its value is more important now than ever, considering a microchip shortage that has sent the price of new cars skyrocketing.

So which cars should Baltimore drivers trust to hold their value?

Here's a little preview.

Cars that Depreciate the Least and Most in Baltimore, MD
	Lowest Depreciation		Highest Depreciation
Rank	Model	Average 5-Year Depreciation	Model	Average 5-Year Depreciation
1	Jeep Wrangler	8.6%	BMW 7 Series	61.7%
2	Jeep Wrangler Unlimited	10.7%	BMW 5 Series	59.2%
3	Toyota Tacoma	14.3%	Audi A6	58.3%
4	Toyota Tundra	19.9%	Volvo S60	57.0%
5	Ford Mustang	21.3%	Mercedes-Benz E-Class	56.9%
*Depreciation Average for All Vehicles in Baltimore, MD: 40.5%*

Click here for the full report.

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Study: Average new car in Baltimore loses 40.5% value after five years

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