The Jeep Wrangler SUV Remains the Best Vehicle for Holding Value in 2022
People love Jeep SUVs for various reasons, but now fans can add another accolade to the list. The Jeep Wrangler SUV had the lowest five-year depreciation of any other vehicle. iSeeCars looked at more than three million three-year-old and five-year-old used cars sold in 2022 to find that out. Find out what cars, trucks, and SUVs followed the Jeep Wrangler
The Jeep Wrangler SUV had the lowest five-year depreciation
During a recent iSeeCars study, the Jeep Wrangler SUV remained the best option out there for holding its value. Overall depreciation for new vehicles was 40% in 2021 but dropped to 33% in 2022. Pandemic and semiconductor ship shortages continue to put new cars in short supply, leading vehicles to retain value better than before. Some cars have even appreciated due to high demand and low supply.
The Jeep Wrangler sport utility vehicle was number one on the list of cars that depreciated the least. The average five-year depreciation was 7.3%, an average of $2,361 off from the MSRP. In the second spot is the Jeep Wrangler Unlimited, a four-door version of the SUV. This Wrangler Unlimited depreciated only 8.7% over five years. That’s an average difference of $3,344 over the MSRP.
“Based on historical data, it’s no surprise these two Jeeps were the best resale value winners in 2021 as well. The Wrangler is essentially the poster child for ‘Best Resale Value Awards.'”Karl Brauer | Executive Analyst for iSeeCars
“The Jeep Wrangler continues to embody the ultimate off-road companion, with timeless styling that keeps it popular long after it has left the new-car showroom,” Brauer said.
Besides the Jeep Wrangler SUV, these other vehicles depreciated the least
Those who buy a Porsche 911 will be happy to read that it came in third place, although that still had a 14.6% depreciation. Since the 911 has a higher starting price, the average price difference is around $20,634. The Toyota Tacoma pickup truck was next with 14.9%, and the Honda Civic was in fifth place with 16.3%.
Other noteworthy entries in the top 10 include the Subaru BRZ with 18.2% depreciation, around a $5,985 difference from a new one. The Ford Mustang had an average depreciation of 19.4%, an average of $7,528 off of MSRP. Another option from Toyota is in eighth place, with the Corolla depreciating only 19.8% over the first five years of ownership.
iSeeCars found that the Nissan Versa depreciated 19.9% ($3,183), and the Chevy Camaro depreciated 20.2% ($7,981). That is still far under the national average of 33.3% and $14,049 off MSRP.
Vehicles that depreciated the most are luxury options, except for one
While iSeeCars studied the Jeep Wrangler SUV depreciating the least, the study also found which vehicle depreciated the most. That accolade goes to the BMW 7 Series, depreciating 56.9% over five years. That works out to a difference of $61,923 over the MSRP.
Next is the Maserati Ghibli, depreciating 56.3% ($51,168) over five years. Jaguar’s XF lost 54.0% of its value ($36,081), followed by the INFINITI QX80 at 52.6% ($44,265). The only non-luxury option on the list is the Ford Expedition SUV, in 10th place. Ford’s large SUV depreciated 50.7%, with an average of $32,674 away from MSRP.
You don’t have to buy a Jeep Wrangler SUV to find an option that depreciates the least, but the brand has that covered. If you want to lose money right off the bat, the BMW 7 Series will serve you well.