Automobiles are holding their worth longer than they used to, in accordance with a brand new iSeeCars examine — however that’s nonetheless relative. The common depreciation over 5 years is now about 39%, in contrast with about 50% earlier than the COVID-19 pandemic. The automobile procuring knowledge web site figured this by an evaluation of greater than 1.1 million used vehicles, all from mannequin 12 months 2018 and offered between November 2022 to October 2023.
