Tesla Model 3 has the lowest devaluation after 1 year

February 9, 2020December 24, 2020 ev News Topic 0 Comments electric mobility, electric vehicles

Tesla Model 3 still breaking down a myth that electric vehicles are rapidly losing value.

According to a latest survey by iSeeCars, more than 6 million used or new cars were examined. The period of the research was from August 2019 to January 2020. The reason for this research was to find out which models lose more and less their value within a year.

According to the above survey, the Tesla Model 3 has the lowest devaluation in a year after losing just 5.5% of its value. In second place is the Ford Ranger losing 11.4% of its value, followed by the Chevrolet Traverse with 11.7%.

On the other hand, the car with the greatest devaluation was the BMW 7 Series, which loses 43.4% of its value compared to its initial price. According to the research’s findings, a car loses an average of 25.2% of its value within a year of the date of purchase.

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iSeeCars Top 10 Cars to Buy New Over Used
Rank (By Percentage)	Model	% DifferenceNew Over Used	$ Difference
1	Tesla Model 3*	5.5%	$2,529
2	Ford Ranger	11.4%	$3,716
3	Chevrolet Traverse	11.7%	$4,198
4	Honda Civic (hatchback)	11.9%	$2,704
5	Honda Fit	12.5%	$2,111
6	Subaru Crosstrek	13.1%	$3,138
7	Chevrolet Corvette	13.6%	$8,113
8	Honda Accord	13.7%	$3,177
9	Honda Ridgeline	13.8%	$4,663
10	Dodge Charger	13.9%	$4,097
*Overall Average*	*25.2%*