The average cost to buy a new car (not counting maintenance costs) is at an all-time high. It’s very unlikely for customers of these cars to imagine the cost of their vehicles ever being lower.
There are several factors that could lead to the eventual collapse new car costs. One of them is the fact that automakers continue to upgrade their models with newer features, rendering the previous ones outdated. But the greatest of these factors is depreciation, which is the rate at which the automobile loses its value over time.
Though predicting what cars will be valued in the future is mostly guesswork, we have looked at existing data, current trends, and have professional information to help you better understand the rates of devaluation certain new vehicles can experience.
This is our list of some new cars, SUVs, and trucks that won’t be worth much in the next decade.
14. 2019 Chevrolet Volt
The 2019 Chevy Volt is a plug-in hybrid hatchback sedan that consists of twin electric motors, a 1.5-liter gasoline engine, and a 19.4kWh lithium-ion battery pack. At the time of its release, the 2019 Volt had a cost price of $35,769 to own and is expected to have a cost lower than $21,527 in ten years, which represents a 40% reduction in price.
13. 2020 Subaru Forester
The 2020 Subaru Forester is an exceptional and well equipped compact crossover SUV that is packed with premium features. The 2020 Forester had a manufacturer’s suggested retail price (MSRP) of $24,495 but its premium price starts at $27,395.
Notwithstanding its relatively cheap price, however, the Forester is expected to depreciate by 65% in the next ten years as observed by Forbes.
12. 2020 Mazda CX-5
The Mazda CX-5 model is a 2.5-liter gas engine that can produce an output of 187 horsepower and comes with either all-wheel drive or front-wheel drive plus 6-automatic speed transmission. At the time of its release, it had a starting price of $25,395 and its price is expected to crash a shocking 52% in the next ten years!
11. 2020 Ram 1500
The Ram is mostly built with a powerful 3.6-liter V6 engine that can produce 305 hp and 269 lb-ft of torque. The MSRP value of the Ram 1500 is about $38,000 for the new models, while customers who wait ten years can get the 2020 Ram for about 62.7% less, which is outrageously low.
10. 2019 Mercedes Benz SLK
The Mercedes-Benz SLK-Class is a compact luxury roadster that is designed and built-in 3 trims. The prices for the SLK models at their launch were at a maximum of $111,760 and are expected to have a cost rate reduction of greater than 20% before the decade expires. For those that want this car and can’t afford it, can you wait this long?
9. Aston Martin DB11
The Aston Martin DB11 is one of the favorite cars of most American celebrities. The very distinguished DB11 is built with a 4.0-liter turbocharged V8 that produces a superb 503 horsepower and 498 pound-feet of torque for its standard model.
The DB11 had an MSRP value of $201,495, but analysts have predicted that it would be worth around $50,000 in 2026 which is not even up to the ten-year period we are talking about, we will surely enjoy seeing our favorite celebrities sell off their DB11.
8. 2020 Nissan Titan
The 2020 Titan is built with a 5.6-liter gas engine that produces a 400 hp and uses a 9-speed shiftable automatic transmission. The Titan has a base cost of about $38,000 and is expected to have an average depreciation of more than 45% in 10-years; just remember to exaggerate the price when you’re asked.
7. 2020 Nissan Leaf
The 2020 Nissan leaf is a compact electric hatchback that’s equipped with a 40kWh battery that can easily cover a range of 150 miles. The MSRP of the 2020 Leaf goes for about $31,000 when excluding extra charges. The good news is that you don’t have to spend so much if you can wait for 10 years when the 2020 Leaf will practically cut in price to over 72%.
6. 2020 Maserati Quattroporte
The five-passenger premium luxury 2020 Maserati Quattroporte is a beautifully designed sedan with nice protruding grille. Upon its arrival, the MSRP from Maserati was $109,500 but experts have put its 10 years’ value to worth way less than $95,393 and this value does not account for inflation. This will be the best time to buy this car, only that they may be much better cars in 10 years.
5. 2020 Volkswagen Golf
The 2020 Volkswagen Golf continues its iconic compact look but this time it’s built with excellent safety and technological features. For the price of $23,195, you can acquire this soft beauty now, or you could wait 10 long years to get them for 43% lower. That’s almost half of its current value.
4. 2020 BMW 7 Series
The 2020 BMW 7 Series is a very impressive sedan that promises a lot. The 7 series has a 6-cylinder turbocharged inline engine that is more potent than half the ones in regular cars of its class. Built-in several trims, the BMW 7 series goes for $89,450. Analysts expect this price to fall as low as 71.3% in ten years, however, which is very low.
3. 2020 Jeep Compass
The 2020 Jeep Compass is a compact SUV that can seat 5 passengers and is powered by a 180-hp, 2.4-liter four-cylinder engine. The Jeep Compass has an MSRP of $31,800 and, according to experts, the price of the 2020 Compass will drop to a little higher than 58% in the next ten years.
2. 2020 Toyota Camry
The Toyota Camry is rightly known as the most popular vehicle in the world and the 2020 Camry continues this tradition of being a midsize sedan. The cost of the Camry starts at $32,000, but analysts have put its depreciation rate at 20% in just two years. This gets us a little worried about its value in ten years as we expect it to drop past the 50% mark.
1. 2020 Land Rover Range Rover Sport SVR
The 2020 Range Rover Sport SVR is a midsize luxury SUV that is exclusively designed to display class and wealth. The top-of-the-line 2020 SVR has an MSRP of $114,500, will see its price falling by 7% in just three years, and we expect a major fall before the end of its decade of production.