The Jaguar I-Pace is an undoubtedly impressive electric SUV, but it’s been on the road a few years now and has been usurped by newer rivals. The substantially cheaper ELX version does a bit better, retaining 45.55% of its initial value. But it seems industry experts aren’t convinced, as the top-spec Ultimate model is forecasted to retain less than £16,000 of its original £38,000 price. The SsangYong Korando e-Motion is the Korean brand’s first electric SUV, and is hoped to turn the fortunes of the brand. Prices may only start at £7,695, but that’s still a hefty amount of depreciation – although it might be of little importance if you’re drawn in by Citroen’s £20-per-month PCP finance offer. The base model is the best performer, at 40.61%, but after three years the Ami will only be worth a little more than £3,000. In the eyes of the law, the Citroen Ami isn’t a car but a quadricycle, and CDL VIS doesn’t predict high RVs for it. You can also check out our list of the slowest-depreciating cars to get an idea of those that hold their value the best. The percentage figures indicate how much of each model’s list price is retained after three years or 36,000 miles on the road. Here, we list the fastest-depreciating electric and hybrid cars, according to CDL Vehicle Information Services (CDL VIS) June 2022 numbers. Once the first owner has taken that initial hit, these cars can be something of a secondhand bargain. It’s worth remembering that if you’re not fussed on a brand-new car, then used models with poor RVs can represent fantastic value for money.
More expensive models inevitably have more to lose even if it’s worth pennies at the end of its life, a £10,000 city car will never drop by more than a few thousand pounds, whereas a £70,000 pure-electric SUV has much further to fall. That said, list price does have a big effect on depreciation. If a manufacturer or dealer knows the car will be worth more when you trade it in, it can charge you less in the interim. Demand plays a big part in this cars that are more highly sought-after benefit from higher residual value (RV), while those in excess supply may see their used prices adversely affected.ĭepreciation can even play a part on how much you pay on a monthly PCP finance deal more expensive cars often work out cheaper per month than their less prestigious equivalents, largely due to their more favourable RVs. But some cars are more susceptible to depreciation than others. Inevitably, as a car piles on the miles, its value drops, with the associated wear-and-tear contributing to its lower perceived worth. Almost every car suffers a degree of depreciation during its formative years – many the minute they leave the showroom.
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