Some cars experience rapid depreciation, losing their value faster than others. Whether due to market trends, high maintenance costs, or low demand, these vehicles can be poor investments. Here are some cars that are currently plummeting in value, making them less attractive options for buyers.
Contents
BMW 7 Series
The BMW 7 Series, particularly models from the mid-2010s, is experiencing significant depreciation. Initially priced around $90,000 to $100,000, these luxury sedans can now be found for under $30,000. Factors contributing to this decline include high maintenance costs, complex electronics prone to issues, and the introduction of newer, more advanced models. Customers often appreciate the luxurious ride and powerful engines but are wary of the high cost of ownership and frequent repairs, leading to a plummeting resale value.
Cadillac ATS
The Cadillac ATS, especially from model years 2013 to 2019, has seen a steep drop in value. Originally priced between $35,000 and $50,000, used models now sell for under $15,000. Despite its sporty performance and stylish design, the ATS struggles with reliability issues and a cramped rear seat, deterring potential buyers. The discontinuation of the model further accelerates its depreciation, as parts and service become less accessible.
Jaguar XF
The Jaguar XF, particularly from the 2010-2015 model years, is experiencing rapid depreciation. These cars, which originally cost between $50,000 and $60,000, can now be found for under $20,000. Issues with reliability, high maintenance costs, and the availability of more modern competitors contribute to the decline. While the XF is praised for its design and driving dynamics, the ongoing costs and potential for frequent repairs make it less attractive in the used market.
Lincoln MKT
The Lincoln MKT, a luxury crossover produced from 2010 to 2019, is dropping in value significantly. Initially priced around $50,000, used models can now be found for less than $20,000. The MKT’s unconventional design, coupled with poor fuel economy and a lack of updates, has led to a decline in popularity. Additionally, the discontinuation of the model has further accelerated its depreciation, making it a less desirable choice for buyers.
Maserati Ghibli
The Maserati Ghibli, known for its Italian styling and performance, is facing steep depreciation. Models from the mid-2010s, which originally cost upwards of $70,000, are now selling for under $30,000. High maintenance costs, frequent reliability issues, and a competitive luxury sedan market contribute to its declining value. Despite its allure, the Ghibli’s ongoing expenses and potential for costly repairs make it a risky investment for used car buyers.
Chevrolet Volt
The Chevrolet Volt, especially from model years 2011 to 2019, has seen a significant drop in value. Originally priced around $40,000, these plug-in hybrids can now be found for under $15,000. The discontinuation of the model and the rapid advancement of electric vehicle technology have contributed to its depreciation. While the Volt is appreciated for its fuel efficiency and electric range, the lack of support and newer, more advanced alternatives have driven its value down.
Infiniti QX70
The Infiniti QX70, a luxury crossover produced until 2017, is experiencing notable depreciation. Initially priced around $45,000 to $60,000, used models now sell for less than $25,000. The QX70’s aging design, lack of significant updates, and discontinuation have contributed to its decline in value. While it offers a sporty driving experience and distinctive styling, the QX70’s limited appeal and competition from newer models have hurt its resale value.
Chrysler 300
The Chrysler 300, particularly models from the early 2010s, is seeing a sharp decline in value. Originally priced between $30,000 and $50,000, used models now sell for under $15,000. The 300’s outdated design, average fuel economy, and competition from more modern sedans contribute to its depreciation. While it offers a comfortable ride and spacious interior, the 300’s aging platform and lack of updates make it less desirable in the used car market.
Audi A8
The Audi A8, especially models from the mid-2010s, is experiencing significant depreciation. Initially priced around $85,000 to $100,000, these luxury sedans can now be found for under $30,000. High maintenance costs, complex electronics prone to issues, and the introduction of newer, more advanced models have contributed to the decline. Customers often appreciate the luxurious ride and advanced features but are wary of the high cost of ownership, leading to a plummeting resale value.
Mercedes-Benz E-Class
The Mercedes-Benz E-Class, particularly from the early 2010s, is seeing a notable drop in value. Originally priced between $50,000 and $70,000, used models now sell for under $20,000. Issues with expensive repairs, high maintenance costs, and competition from newer models contribute to the depreciation. While the E-Class is praised for its luxury and performance, the ongoing costs make it less appealing to budget-conscious buyers.
Volvo S90
The Volvo S90, especially from the mid-2010s, is experiencing rapid depreciation. Initially priced around $50,000 to $60,000, these luxury sedans can now be found for under $25,000. The S90’s niche market appeal, high maintenance costs, and competition from more established luxury brands contribute to its declining value. While it offers a comfortable ride and advanced safety features, the S90’s high cost of ownership and limited brand recognition hurt its resale value.
Acura RLX
The Acura RLX, particularly from the early 2010s, is facing steep depreciation. Originally priced around $55,000 to $60,000, used models now sell for under $20,000. The RLX struggles with low brand prestige compared to its competitors, high maintenance costs, and a lack of significant updates. While it offers a comfortable ride and advanced features, the RLX’s declining popularity and resale value make it a less attractive option for used car buyers.
Nissan Maxima
The Nissan Maxima, especially from the mid-2010s, is seeing a significant drop in value. Originally priced between $35,000 and $45,000, used models now sell for under $15,000. The Maxima’s aging design, average fuel economy, and competition from more modern sedans contribute to its depreciation. While it offers a sporty driving experience and comfortable interior, the Maxima’s outdated platform and lack of updates make it less desirable in the used car market.
Land Rover Discovery
The Land Rover Discovery, particularly from the early 2010s, is experiencing notable depreciation. Initially priced around $50,000 to $60,000, used models now sell for under $20,000. The Discovery’s reliability issues, high maintenance costs, and competition from newer SUVs contribute to its decline in value. While it offers off-road capability and a luxurious interior, the Discovery’s ongoing expenses and potential for costly repairs make it a risky investment for used car buyers.
Tesla Model S
The Tesla Model S, especially older models from the early 2010s, is facing steep depreciation. Initially priced around $70,000 to $90,000, these electric sedans can now be found for under $30,000. Rapid advancements in EV technology, battery degradation concerns, and high repair costs contribute to the decline. While the Model S is praised for its performance and innovation, the fast pace of technological change in the EV market affects its long-term value.
Buick LaCrosse
The Buick LaCrosse, particularly from the early 2010s, is seeing a significant drop in value. Originally priced between $35,000 and $45,000, used models now sell for under $15,000. The LaCrosse’s aging design, average fuel economy, and competition from more modern sedans contribute to its depreciation. While it offers a comfortable ride and spacious interior, the LaCrosse’s outdated platform and lack of updates make it less desirable in the used car market.
Hyundai Genesis
The Hyundai Genesis, particularly from the early 2010s, is experiencing rapid depreciation. Initially priced around $40,000 to $50,000, these luxury sedans can now be found for under $20,000. The Genesis struggles with brand recognition compared to its more established competitors, and the rebranding to Genesis as a standalone luxury brand has affected its resale value. While it offers a comfortable ride and good performance, the high depreciation makes it a less attractive option for used car buyers.
Lexus GS
The Lexus GS, especially from the early 2010s, is facing steep depreciation. Originally priced around $50,000 to $60,000, used models now sell for under $20,000. The GS struggles with low demand in the luxury sedan market and high maintenance costs. While it offers a reliable and comfortable ride, the GS’s declining popularity and resale value make it a less attractive option for used car buyers.
Chevrolet Impala
The Chevrolet Impala, particularly from the mid-2010s, is seeing a notable drop in value. Originally priced between $30,000 and $40,000, used models now sell for under $15,000. The Impala’s discontinuation, aging design, and competition from more modern sedans contribute to its depreciation. While it offers a spacious interior and comfortable ride, the Impala’s outdated platform and lack of updates make it less desirable in the used car market.
Dodge Charger
The Dodge Charger, especially from the early 2010s, is experiencing significant depreciation. Initially priced around $30,000 to $50,000, these muscle sedans can now be found for under $15,000. The Charger’s high maintenance costs, average fuel economy, and competition from more modern performance sedans contribute to the decline. While it offers a powerful engine and distinctive design, the Charger’s high cost of ownership and declining resale value make it a less practical choice for used car buyers.
This article originally appeared in MyCarMakesNoise.
More from MyCarMakesNoise
15 Prestige Cars Popular Among Wealthy Americans and Their Prices
Wealthy Americans often pick cars that are not only luxurious and fast but also equipped with the latest technology. In this look at some of their top choices, we’ll find out why these cars are favorites and how much they cost. Read More.
16 Mistakes to Avoid When Parking Your Car
Parking your car might seem like a straightforward task, but even experienced drivers can make mistakes that lead to unnecessary hassles or damage. Whether it’s a small scratch, a ticket, or even a tow, these errors can be costly and frustrating. Read More.
15 Must-Have Accessories to Boost Your Car’s Performance
Enhancing your car’s performance doesn’t always require a complete overhaul or expensive modifications. Sometimes, the right accessories can make a significant difference. Read More.
