Sometimes people want a truck that they can keep forever. Other times they want a truck that will still be valuable to trade in later or resale toward a new truck.
That’s why it’s essential to avoid used truck options with the worst depreciation. Learn which trucks to avoid with this list of options that quickly lose their value.
These Trucks Depreciate The Fastest
The Ford F-150
Say what? The Ford F-150 has a high depreciation rate? How can that be? It’s the best selling truck. Well, that’s the issue.
So many people buy the Ford F-150 each year that they fill the used truck space. Plus, it’s always tempting to buy the newest, hotter model.
Ford F-150 trucks depreciate at a rate of 46.9%, which is pretty close to the 49.6% national depreciation average for vehicles.
However, this rate of decline has improved since 2014, when Ford switched from steel to aluminum bodies to decrease weight and increase efficiency.
The Nissan Titan
The Nissan Titan is another large truck that fails to hold its value. Its average depreciation value over five years is 45.9%.
This isn’t behind the Ford F-150, but sales of the Nissan Titan are. There isn’t much demand for this full-size truck, giving us a surplus of supply and a low demand.
The Nissan Titan held its value well until 2014, then the market for it seemingly took a turn for the worst.
The Ram 1500
Wow, we’re starting to notice a trend here with large trucks as the Ram 1500 joins the quick depreciation party.
The Ram 1500 has an average depreciation rate of 45%. The Ram 1500 has turned things around in recent years, and can even outperform the Ford F-150 in a few key areas.
However, the Ram 1500 has a diesel engine option, and Americans aren’t very interested in diesel options like Europeans are.
Previous models of the Ram 1500 had the most substantial gap between price and value. However, with its smoking redesign in 2019, maybe things will change.
The GMC Sierra
Another beastly large truck joins the list. The GMC Sierra has a five-year depreciation average of 43%.
This may be because the GMC Sierra is considered to be a luxury truck, and luxurious vehicles have a faster depreciation rate.
When it comes to luxury, part of the appeal is the first person to own the high-end truck or SUV. If you have enough money for a luxury vehicle, can you really live with a used option?
The Chevy Silverado
The Chevy Silverado doesn’t fall far behind it’s GMC cousin, with an average five-year depreciation rate of 42%
This may be because the large pickup truck segment is growing in America. There are so many options to choose from.
As trucks continue to grow in popularity, their prices off the line continue to increase as well. However, now people can get an excellent deal on a large truck that’s already depreciated quickly. Some options provide much better value as a used truck than a new one.