Latest news with #depreciation
Yahoo
13 hours ago
- Automotive
- Yahoo
CarMax is selling this Audi electric vehicle for 60% off its original MSRP in Tennessee. Is it a good deal?
Depreciation isn't great for car owners but it presents unique opportunities to used car buyers. Some cars depreciate more rapidly than others, losing as much as half of their original MSRP in just a few years. One Audi electric vehicle has an exceptional rate of depreciation. Tennesseans can score Audi e-tron models for 60% off of its original MSRP thanks to rapid depreciation. CarMax has several locations in Tennessee while drivers can pay shipping costs to get Audi e-tron electric vehicles shipped to their CarMax location, these prices may make those costs worth the money for those on the hunt for a deal. The automotive used vehicle retailer currently has a 2019 Audi e-tron Prestige electric vehicle listed for $27,998. Why is this so mind-blowing? The 2019 e-tron Prestige had an original starting price of $74,800, according to Based on the e-tron Prestige's price listed on CarMax, the electric vehicle is on sale for around 62% less than its original MSRP. Why is the e-tron being sold for such a low price, and should car buyers consider the affordable used electric vehicle from the German automaker? There are several factors contributing to the e-tron's rapid depreciation. Firstly, the e-tron is an electric vehicle. EVs depreciate quickly due to advancements in technology, battery degradation concerns, and high initial prices despite fluctuating demand. Lack of charging infrastructure makes used electric vehicles less desirable than gas cars to some car buyers. Secondly, the e-tron in particular faces some issues regarding driving range. The 2019 e-tron had a total driving range of 204 miles as a brand-new model. An e-tron EV that has accumulated some mileage likely has lost some of its total driving range due to battery degradation. So, drivers with range anxiety may want to avoid the e-tron. Newer, affordable competitors with more driving range also make the EV less attractive from a value proposition standpoint. There are several Audi e-tron models listed on that can be shipped to different CarMax locations in the Volunteer State for affordable prices. The 2019 Audi e-tron produces 355 horsepower and 414 pound-feet of torque (which is good for an SUV of its size). It has a dual-screen display (10.1-inch upper screen, 8.8-inch lower screen). The Prestige trim comes standard with an adaptive air suspension, a panoramic sunroof, and ambient interior lighting. The electric SUV has plenty of standard features that are typically reserved for expensive luxury nameplates. It has "smooth acceleration, a spacious interior, and comfortable seats" according to a vehicle review by Edmunds. The Audi e-tron's biggest con is its lack of driving range (and battery degradation as a used model). If you have access to reliable home charging and nearby charging networks, it has a strong value proposition as a used electric vehicle under $30,000. That said, don't commit to one without experiencing what it's like to own and drive an EV with such low driving range. This article originally appeared on Nashville Tennessean: CarMax is selling this Audi EV for under 30K, is it worth the deal?
Top Gear
15 hours ago
- Automotive
- Top Gear
Buy Porsche Taycan Sport Turismo Price, PPC or HP
You still need to treat the sticker price as a jumping-off point, though. Get on the Porsche configurator and you'll see just how quickly and easily the price rises by thousands. It's hard to keep a base rear-drive £89,200 Sport Turismo below £100,000 once you've added a bit of spec. If you want a really sporting electric estate , there's nothing out there to beat the Taycan Sport Turismo. You'll pay a lot more for the Turbo models and besides yet more forceful power delivery, there's not much point. Leasing? Shop around and you might find somewhere willing to lease you a car for less than £1,000 a month after a £10k deposit, but read the small print very thoroughly indeed. The trouble is that all Taycans have suffered large depreciation recently. Well, that's true of all premium EVs in the UK. But for a while UK business tax regulations ensured we were the world's second biggest Taycan market after China, ahead of the USA and Germany. And that the Taycan was Porsche's number one seller in the UK ahead of the Macan and Cayenne. Those times have gone and when so many lease deals on 3-4 year old cars came up for renewal, used values hit the skids. We've got to assume not much is going to change with the facelifted car. On to more practical matters. Get a home charger installed and the running costs should be low – a full recharge from empty could cost as little as £7 if you get your overnight charging tariff right.
Motor 1
2 days ago
- Automotive
- Motor 1
You're Wrong About the Ferrari 296
If you've kept an eye on the exotic car market, you probably know about the conundrum facing Ferrari 296 owners right now. Unlike most of the Italian automaker's other road cars, the mid-engined, hybrid-powered supercar isn't holding its value as expected. 'Let's not sugar coat it, the secondary market on the 296 is a disaster,' one owner writes on a 122-page thread on the forum. 'This is about as far from a collectible car as one could imagine.' They're not wrong. As of this writing, there are over 50 Ferrari 296s listed for sale online below the car's starting MSRP of $346,950—including a handful of cars equipped with the pricey Assetto Fiorano track package. Many of these cars carried an original sticker price of over half a million dollars. Now, they're worth far less. Those not familiar with the Ferrari market might be confused. Cars are supposed to depreciate, right? Why's the 296 any different? Well, over the past decade, Ferraris simply... stopped depreciating. Clean examples of the 458 , the last naturally aspirated V-8-powered Ferrari, still sell for over the original MSRP. Used examples of its successors, the 488 and the F8, are worth as much or more than their sticker prices. It's not just the V-8-powered cars, either. The cheapest 812 Superfasts —Ferrari's last-gen, V-12 grand tourer—still sell for well over $300,000. And that's for cars with lots of miles on the clock. If you want a lower-mile example, be prepared to pay even more. Why the 296 Hate? Photo by: Brian Silvestro / Motor1 There are a few reasons behind the 296's inability to hold its value compared to its predecessors. The most obvious is the 296's powertrain. Unlike the last 50 years of mid-engine, entry-level Ferraris, the 296 uses a V-6 rather than a V-8. The 296 is also a hybrid, utilizing an electric motor sandwiched between the engine and transmission. Despite the 296's 819 horsepower, it's easy to understand why some customers might be miffed about the missing cylinders. There's a caveman-like mentality at play: fewer cylinders equals less value. It's also something I'd agree with, at least in principle. If given the choice, I'd always take eight cylinders over six, all other things equal. Enthusiasts also tend to think V-8s sound better than V-6s. In many cases, that's true. But it's not a universal fact. The hybrid stuff is a bit more complicated. People might not like it because it adds complexity and repair costs, while others might want to avoid it because they still believe in the stigma that hybrids are required to hit corporate efficiency targets, not because they make for better cars. Purists might simply avoid hybrids because batteries and motors add weight. There's another, more subtle reason buyers might not be flocking to the 296: The infotainment system. Starting with the SF90, Ferrari implemented controversial touch-capacitive buttons for many of the interior controls, polarizing owners. The button design isn't something you think about until you're behind the wheel, and because they take some time to understand, potential buyers with just a few minutes of seat time often have strong opinions on their functionality. Just Drive One. You'll Change Your Mind Photo by: Brian Silvestro / Motor1 On paper, those are all valid arguments. Of course, the 296 is less desirable than its predecessors; it has a smaller engine, a heavy hybrid battery, and a controversial infotainment system. Except, none of those arguments hold up after you spend some time behind the wheel. I've been lucky enough to drive two 296s, one equipped with the Assetto Fiorano package, and one without. Despite the missing cylinders, the engine is still the star of the show here. It's a 120-degree V-6 with two turbochargers that, at the time of its reveal in 2022, was the most power-dense internal combustion engine put into production. It's not just the huge thrust and magnificent top-end fervor. V-6 engines have a reputation for producing a less-than-desirable noise, but this one sounds magnificent. It earned the nickname 'piccolo V-12,' or 'little V-12,' during its development process for being able to faithfully replicate the high-pitch screams of Ferrari's 12-cylinder models. Call me crazy, but I prefer it to the brand's twin-turbo V-8. As for the hybrid motor, it's difficult to understand the disdain. Sure, it adds weight—the 296 weighs around 150 pounds more than the F8 Tributo, depending on who you ask—but the benefits far outweigh whatever penalty you pay for the system. In addition to the chunky slug of low-end torque, you also get seven miles of all-electric range—perfect for creeping out of quiet cul-de-sacs or arriving at events without making a huge stir. After using the setup for a weekend, it's tough to imagine going back to a modern supercar without it. Photo by: Brian Silvestro / Motor1 Photo by: Brian Silvestro / Motor1 Of course, the 296 is an otherwise masterful feat of sporting excellence. In its base form, the chassis is supple yet hyper-aware, with an uninterrupted connection between your hands, your feet, and your backside. The front end has a type of smoothness that only results from years of careful engineering, while the dual-clutch transmission executes shifts with seamless precision. Anyone proclaiming the 296 drives worse than its predecessors is out of touch with reality. This is a real-deal Ferrari, through and through. I'm more sympathetic to buyers who want to avoid Ferrari's modern infotainment system. When I first used it, I wasn't very impressed; it was tough to understand and, at times, frustrating to operate. Touch-capacitive buttons don't belong in cars, after all. After a few days living with the system, it became more bearable, however. Once you know how everything works, you should be just fine. It's tough to be angry at Ferrari over this, seeing as how most owners don't use their cars as commuter machines that double as mobile podcast listening rooms. And if you're coming from an older Ferrari, it's still a step up in quality. The Ferrari 296 Speciale and its new, button-rich steering wheel. Photo by: Ferrari But if you order a 296 right now, you'll never have to worry. Ferrari itself knew owners didn't very much like the first version of this system, so it's given its 2026 lineup an update that replaces the steering-wheel mounted touch pads with real, physical buttons. Problem solved. Only time will reveal the 296's true value. The 296 has been around for just three years. In that time, we've seen dozens of new hybrid-powered sports cars enter the scene with similar battery-assisted powertrains, each more hyped than the last. Perhaps it'll take a bit longer for people to understand this new norm and appreciate the V-6 Ferrari for what it is: An incredible performance car that uses tech in all the right ways, without compromising what it means to be a Ferrari. More on the 296 Only Ferrari Race Car Drivers Can Buy This 296 Speciale Ferrari 296 Speciale: Carbon Parts, More Downforce, Nuclear Speed Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
6 days ago
- Automotive
- Yahoo
These 10 Used Cars Saw the Biggest Value Losses in 2025
These 10 Used Cars Saw the Biggest Value Losses in 2025 originally appeared on Autoblog. Used car prices are finally starting to creep upward after two years of post-pandemic corrections, but that doesn't mean every vehicle is gaining value. According to a new study by iSeeCars analyzing 2.4 million used sales in May 2024 and May 2025, several once-popular models are still dropping fast, especially in the electric vehicle and luxury categories. While the average 1- to 5-year-old used car now costs $32,317 — up 2% from a year ago — some vehicles lost 10% or more of their value. Here are the top 10 biggest losers in 2025. No vehicle lost more value this year than the Tesla Model S. Once a status symbol for early EV adopters, the average used Model S dropped 16% year-over-year, shedding $8,837 to land at an average price of $46,503. For a vehicle that started well north of $80,000 when new, that's a significant fall, and a reflection of how quickly electric luxury sedans are depreciating. While newer versions still offer jaw-dropping performance and range, the used market is clearly pulling back as buyers consider alternatives with newer battery tech or lower operating costs. The Model Y may be Tesla's best-selling vehicle, but it couldn't avoid a steep value drop. Over the past 12 months, the average used Model Y declined by 14.2%, losing $4,945 in value to settle at $29,789. Several factors likely contributed to the slide, including Tesla's repeated price cuts for new vehicles, increasing competition from other EV crossovers, and growing scrutiny of the brand's quality and leadership. For used buyers, however, this could be a golden opportunity to get into an EV with solid range at a relatively affordable price. With an average price of $75,644, the Porsche Taycan remains one of the priciest used EVs on the market, but it's also one of the fastest depreciating. Over the past year, Taycan prices dropped 12.7%, a raw-dollar loss of nearly $11,000. This luxury electric sedan wowed buyers with its performance when it launched, but newer rivals and rapid improvements in EV technology have chipped away at its appeal. Add in the fact that high repair and ownership costs are common with premium German vehicles, and it's no surprise the Taycan is struggling to hold its value. Not all of the biggest depreciation stories are luxury EVs. The Ford Explorer Hybrid lost 11.3% of its value over the past year, dropping by $4,044 to an average of $31,811. The hybrid version of this three-row SUV offers better fuel economy than its gas-only counterpart, but not enough to justify the price premium in the eyes of many used car shoppers. Combined with lackluster reviews and a competitive midsize SUV segment, the Explorer Hybrid has become a tougher sell on the used market. Even Tesla's most accessible model isn't immune to falling values. The Model 3 saw a 10.8% decline in resale value this year, losing $3,078 to reach an average used price of $25,361. For years, the Model 3 was seen as the EV market's standard bearer, but recent price drops on new versions and a flood of supply on the used market have pushed values lower. That's bad news for current owners, but for buyers, it means it's now possible to find a well-equipped used Model 3 for under $30,000. The Jeep Gladiator blends pickup utility with Wrangler off-road DNA, but its value hasn't held up. Over the past year, Gladiator prices dropped by 10.7%, translating to a $4,112 decline and bringing the average price down to $34,253. Part of the problem may be that the novelty of the Gladiator has worn off, and high fuel costs aren't doing rugged, body-on-frame trucks any favors. Still, for fans of outdoor adventure and removable doors, the falling price could be an invitation. The second Ford on this list is the Escape Plug-In Hybrid, which saw its average resale price drop by 10.7%, or $3,139, bringing it to $26,201. Plug-in hybrids occupy a strange space in the market — not quite electric, not quite gas — and that ambiguity seems to be hurting their resale values. While the Escape PHEV offers decent range and good efficiency, used car buyers may be opting for more straightforward hybrid or EV options instead. The Mercedes-Benz GLB is a boxy compact luxury SUV that offers surprising space for its size. Even with that practicality, the GLB lost 9.9% of its value in the past year, about $3,566, bringing its average price to $32,403. Luxury brands often depreciate quickly, especially in the entry-level segments, and the GLB appears to be no exception. Buyers who want a badge and some upscale features without paying new-car prices might find this model appealing — just be ready for premium maintenance costs. Maserati's Levante SUV combines exotic styling and performance with an SUV form factor, but its resale value is anything but stable. Prices dropped 9.5% year-over-year, falling by $4,663 to an average of $44,433. That's a steep decline for a vehicle that often carried six-figure MSRPs when new. As with many ultra-luxury brands, the Levante suffers from high depreciation, limited service networks, and concerns about long-term reliability — all of which make used buyers cautious. Rounding out the list is Tesla's largest vehicle, the Model X. This full-size SUV with its distinctive Falcon Wing doors saw a year-over-year price drop of 8.9%, or $5,292, putting the average price at $54,004. As new EV SUVs enter the market and Tesla's own software and hardware evolve quickly, older Model X units may start to feel dated. Still, for families seeking an all-electric ride with plenty of space and performance, a used Model X is now significantly more attainable than it was even a year ago. As a whole, used car prices are trending upward, but these 10 models show that the market is still volatile for certain segments. Electric vehicles, plug-in hybrids, and luxury SUVs are depreciating quickly, offering opportunities for savvy buyers willing to take on the risks that come with advanced tech or high-end nameplates. For sellers, the message is less optimistic. Anyone trying to offload a used Tesla, Maserati, or hybrid SUV may be in for a surprise, especially compared to the sky-high values seen in 2021 and 2022. But for buyers, particularly those hunting for an electric deal, 2025 may be the best time in years to find one. These 10 Used Cars Saw the Biggest Value Losses in 2025 first appeared on Autoblog on Jun 13, 2025 This story was originally reported by Autoblog on Jun 13, 2025, where it first appeared.
Auto Blog
7 days ago
- Automotive
- Auto Blog
These 10 Used Cars Saw the Biggest Value Losses in 2025
Tesla dominated the depreciation charts, but it wasn't alone. From luxury EVs to plug-in hybrids, these models lost thousands in value over the past year. A good time to be a buyer Used car prices are finally starting to creep upward after two years of post-pandemic corrections, but that doesn't mean every vehicle is gaining value. According to a new study by iSeeCars analyzing 2.4 million used sales in May 2024 and May 2025, several once-popular models are still dropping fast, especially in the electric vehicle and luxury categories. While the average 1- to 5-year-old used car now costs $32,317 — up 2% from a year ago — some vehicles lost 10% or more of their value. Here are the top 10 biggest losers in 2025. Tesla Model S Tesla Model S — Source: Tesla No vehicle lost more value this year than the Tesla Model S. Once a status symbol for early EV adopters, the average used Model S dropped 16% year-over-year, shedding $8,837 to land at an average price of $46,503. For a vehicle that started well north of $80,000 when new, that's a significant fall, and a reflection of how quickly electric luxury sedans are depreciating. While newer versions still offer jaw-dropping performance and range, the used market is clearly pulling back as buyers consider alternatives with newer battery tech or lower operating costs. Tesla Model Y Tesla Model Y — Source: Tesla The Model Y may be Tesla's best-selling vehicle, but it couldn't avoid a steep value drop. Over the past 12 months, the average used Model Y declined by 14.2%, losing $4,945 in value to settle at $29,789. Several factors likely contributed to the slide, including Tesla's repeated price cuts for new vehicles, increasing competition from other EV crossovers, and growing scrutiny of the brand's quality and leadership. For used buyers, however, this could be a golden opportunity to get into an EV with solid range at a relatively affordable price. Porsche Taycan Porsche Taycan GTS and GTS Sport Turismo — Source: Porsche With an average price of $75,644, the Porsche Taycan remains one of the priciest used EVs on the market, but it's also one of the fastest depreciating. Over the past year, Taycan prices dropped 12.7%, a raw-dollar loss of nearly $11,000. This luxury electric sedan wowed buyers with its performance when it launched, but newer rivals and rapid improvements in EV technology have chipped away at its appeal. Add in the fact that high repair and ownership costs are common with premium German vehicles, and it's no surprise the Taycan is struggling to hold its value. Ford Explorer Hybrid 2025 Ford Explorer — Source: Ford Not all of the biggest depreciation stories are luxury EVs. The Ford Explorer Hybrid lost 11.3% of its value over the past year, dropping by $4,044 to an average of $31,811. The hybrid version of this three-row SUV offers better fuel economy than its gas-only counterpart, but not enough to justify the price premium in the eyes of many used car shoppers. Combined with lackluster reviews and a competitive midsize SUV segment, the Explorer Hybrid has become a tougher sell on the used market. Tesla Model 3 2024 Tesla Model 3 Performance — Source: Tesla Even Tesla's most accessible model isn't immune to falling values. The Model 3 saw a 10.8% decline in resale value this year, losing $3,078 to reach an average used price of $25,361. For years, the Model 3 was seen as the EV market's standard bearer, but recent price drops on new versions and a flood of supply on the used market have pushed values lower. That's bad news for current owners, but for buyers, it means it's now possible to find a well-equipped used Model 3 for under $30,000. Jeep Gladiator 2025 Jeep Gladiator — Source: Stellantis The Jeep Gladiator blends pickup utility with Wrangler off-road DNA, but its value hasn't held up. Over the past year, Gladiator prices dropped by 10.7%, translating to a $4,112 decline and bringing the average price down to $34,253. Part of the problem may be that the novelty of the Gladiator has worn off, and high fuel costs aren't doing rugged, body-on-frame trucks any favors. Still, for fans of outdoor adventure and removable doors, the falling price could be an invitation. Ford Escape Plug-In Hybrid 2023 Ford Escape Plug-In Hybrid — Source: Ford The second Ford on this list is the Escape Plug-In Hybrid, which saw its average resale price drop by 10.7%, or $3,139, bringing it to $26,201. Plug-in hybrids occupy a strange space in the market — not quite electric, not quite gas — and that ambiguity seems to be hurting their resale values. While the Escape PHEV offers decent range and good efficiency, used car buyers may be opting for more straightforward hybrid or EV options instead. Mercedes-Benz GLB 2025 Mercedes-Benz GLB — Source: Mercedes-Benz The Mercedes-Benz GLB is a boxy compact luxury SUV that offers surprising space for its size. Even with that practicality, the GLB lost 9.9% of its value in the past year, about $3,566, bringing its average price to $32,403. Luxury brands often depreciate quickly, especially in the entry-level segments, and the GLB appears to be no exception. Buyers who want a badge and some upscale features without paying new-car prices might find this model appealing — just be ready for premium maintenance costs. Maserati Levante 2021 Maserati Levante Hybrid Maserati's Levante SUV combines exotic styling and performance with an SUV form factor, but its resale value is anything but stable. Prices dropped 9.5% year-over-year, falling by $4,663 to an average of $44,433. That's a steep decline for a vehicle that often carried six-figure MSRPs when new. As with many ultra-luxury brands, the Levante suffers from high depreciation, limited service networks, and concerns about long-term reliability — all of which make used buyers cautious. Tesla Model X Tesla Model X — Source: Tesla Rounding out the list is Tesla's largest vehicle, the Model X. This full-size SUV with its distinctive Falcon Wing doors saw a year-over-year price drop of 8.9%, or $5,292, putting the average price at $54,004. As new EV SUVs enter the market and Tesla's own software and hardware evolve quickly, older Model X units may start to feel dated. Still, for families seeking an all-electric ride with plenty of space and performance, a used Model X is now significantly more attainable than it was even a year ago. Final thoughts As a whole, used car prices are trending upward, but these 10 models show that the market is still volatile for certain segments. Electric vehicles, plug-in hybrids, and luxury SUVs are depreciating quickly, offering opportunities for savvy buyers willing to take on the risks that come with advanced tech or high-end nameplates. For sellers, the message is less optimistic. Anyone trying to offload a used Tesla, Maserati, or hybrid SUV may be in for a surprise, especially compared to the sky-high values seen in 2021 and 2022. But for buyers, particularly those hunting for an electric deal, 2025 may be the best time in years to find one. About the Author Elijah Nicholson-Messmer View Profile
