2024 cars that lose value fastest: iSeeCars report
Fastest-depreciating 2024 cars: what the iSeeCars study found
2024 cars that lose value fastest: iSeeCars report
See which 2024 models lose the most value after one year. iSeeCars ranks the fastest-depreciating cars, from luxury SUVs to EVs like EQS and Fisker Ocean.
2025-12-23T15:14:00+03:00
2025-12-23T15:14:00+03:00
2025-12-23T15:14:00+03:00
A study by U.S. firm iSeeCars, based on an analysis of roughly 1.6 million new-vehicle transactions completed from January through March 2024, pinpoints the models that shed the most market value after just one year on the road. The findings are a sobering read for anyone who counts on strong resale.Leading off the ranking is the Infiniti QX80, which drops nearly a third of its original price (−28.8%) in the first year. With an average new price around $60,000, that translates to roughly $24,000 gone in twelve months — a hefty hit for a full-size luxury SUV.Close behind is the classic pickup Ram 1500 Classic, where depreciation reaches 29.2%. In real money, that means about $13,000 off the purchase price after a year.The BMW 7 Series and its electric counterpart, the i7, also take a significant hit at −29.8%, with owners seeing losses exceeding $36,000. The Dodge Durango doesn’t fare much better: down 30.8%, leaving the first owner more than $19,000 lighter. Big sedans and family SUVs clearly aren’t immune.Premium flagships such as the Mercedes-Benz S-Class face steep declines, too — a 31.5% drop. For many buyers, that equates to around $45,000 gone after just one year.Among EVs, the Hyundai Ioniq 5 shows a sharp first-year slide of 32.9%, with average losses around $16,805. The Kia EV6 follows a similar pattern but lands even harder at 33.3%, with the financial gap approaching $18,081. For early adopters, those figures underscore how quickly cutting-edge tech can depreciate.The Nissan Leaf falls even faster, down 45.7%, with average losses of about $16,000. Meanwhile, the Mercedes-Benz EQS performs particularly poorly on value retention, plunging 47.8% — more than $65,000 evaporates by resale time. It’s a reminder that luxury badges don’t guarantee strong residuals in the EV space.Finally, the fastest depreciator is the Fisker Ocean, which loses roughly two thirds of its value after a single year. The main issue lies in the manufacturer’s legal troubles, the brand’s low reliability, and the resulting collapse in consumer confidence — the kind of storm that few vehicles can weather on the used market.
car depreciation 2024, fastest depreciating cars, iSeeCars study, EV depreciation, resale value, Mercedes EQS, Fisker Ocean, Infiniti QX80, Ram 1500 Classic, BMW 7 Series, Hyundai Ioniq 5, Kia EV6
2025
Michael Powers
news
Fastest-depreciating 2024 cars: what the iSeeCars study found
See which 2024 models lose the most value after one year. iSeeCars ranks the fastest-depreciating cars, from luxury SUVs to EVs like EQS and Fisker Ocean.
Michael Powers, Editor
A study by U.S. firm iSeeCars, based on an analysis of roughly 1.6 million new-vehicle transactions completed from January through March 2024, pinpoints the models that shed the most market value after just one year on the road. The findings are a sobering read for anyone who counts on strong resale.
Leading off the ranking is the Infiniti QX80, which drops nearly a third of its original price (−28.8%) in the first year. With an average new price around $60,000, that translates to roughly $24,000 gone in twelve months — a hefty hit for a full-size luxury SUV.
Close behind is the classic pickup Ram 1500 Classic, where depreciation reaches 29.2%. In real money, that means about $13,000 off the purchase price after a year.
The BMW 7 Series and its electric counterpart, the i7, also take a significant hit at −29.8%, with owners seeing losses exceeding $36,000. The Dodge Durango doesn’t fare much better: down 30.8%, leaving the first owner more than $19,000 lighter. Big sedans and family SUVs clearly aren’t immune.
Premium flagships such as the Mercedes-Benz S-Class face steep declines, too — a 31.5% drop. For many buyers, that equates to around $45,000 gone after just one year.
Among EVs, the Hyundai Ioniq 5 shows a sharp first-year slide of 32.9%, with average losses around $16,805. The Kia EV6 follows a similar pattern but lands even harder at 33.3%, with the financial gap approaching $18,081. For early adopters, those figures underscore how quickly cutting-edge tech can depreciate.
The Nissan Leaf falls even faster, down 45.7%, with average losses of about $16,000. Meanwhile, the Mercedes-Benz EQS performs particularly poorly on value retention, plunging 47.8% — more than $65,000 evaporates by resale time. It’s a reminder that luxury badges don’t guarantee strong residuals in the EV space.
Finally, the fastest depreciator is the Fisker Ocean, which loses roughly two thirds of its value after a single year. The main issue lies in the manufacturer’s legal troubles, the brand’s low reliability, and the resulting collapse in consumer confidence — the kind of storm that few vehicles can weather on the used market.
