If you are in the market for a used vehicle in Seattle right now, there are several models you should stay away from.
A new report from iSeeCars, an online automotive search engine and research website, examined over 800,000 purchases of 2016 vehicles to determine which makes and models had the highest and lowest depreciation after five years on the road.
The report found that nationally, a five-year-old vehicle depreciated by about 40% in 2021, as compared to about 49% in 2020.
“We’ve seen record high used car prices over the past 15 months as a result of the microchip shortage, and that has slowed down the average depreciation rate across
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