How A lot Has The Compact SUV Depreciated?

Unfortunately, cars depreciate immediately after driving off the lot. Even extra troubling is that depreciation is likely one of the highest particular person prices of auto possession. If you are within the Hyundai Tucson, you also needs to understand how nicely this SUV retains its worth. According to information from iSeeCars, which analyzes information from hundreds of thousands of autos, a Hyundai Tucson will lose 24.8% of its worth after three years and 43.3% after 5 years. After yr seven, the automotive may have misplaced 52.4%, and after 10 years, it will have depreciated by 64.3%.

Estimates from different sources differ barely, however are in the identical ballpark. CarEdge’s estimated depreciation figures for the Hyundai Tucson are barely greater within the early years. The website estimates the Tucson will depreciate by 35.7% after three years, 47.0% after 5 years, and 54.0% after seven years. Its 10-year depreciation determine is barely decrease, at 59.1%.

Kelly Blue Book (KBB) information reveals the bottom trim of the 2021 Hyundai Tucson is price $14,950, down from its $24,885 MSRP, which means it has misplaced $9,935 — or 39.9% — of its unique worth after 5 years. However, some trims have depreciated extra, with the Ultimate variant shedding essentially the most worth at 44.8%, adopted by the Limited at 43.4%. On common, KBB’s present Fair Purchase Price information recommend the 2021 Tucson has misplaced 42.0% after 5 years, nearer to iSeeCars’ estimate. Overall, then, we are able to anticipate a Tucson to be price between 50% and 60% of its unique value after 5 years.

According to iSeeCars information, compact SUVs depreciate by a mean of 39.9% after 5 years, barely higher than the Tucson’s 43.3%. The identical goes for the three-, seven-, and 10-year marks, which implies the Tucson is not the perfect at retaining worth. This turns into even clearer once we compare it to rivals like the Honda CR-V, Toyota RAV4, and Mazda CX-5.

According to KBB information, a 2021 Toyota RAV4 has a Fair Purchase Price of $25,950, having depreciated by 22.7% of its common unique MSRP after 5 years. Similarly, ISeeCars and CarEdge estimate the RAV4 loses 25.4% and 28% of its worth after the identical interval, which is significantly better than common. For the Mazda CX-5, our calculation utilizing the unique MSRP and KBB’s present Fair Purchase Price information places the common depreciation at about 36.7%. That’s fairly near iSeeCars and CarEdge, which estimate the CX-5 to lose about 37.8% and 39.0%, respectively, after 5 years.

The Honda CR-V additionally holds its worth higher than Hyundai’s providing, with information from iSeeCars and CarEdge estimating it depreciates by 29.7% and 29.0%, respectively, after 5 years. Using KBB’s present Fair Purchase Price information, the 2021 Honda CR-V has misplaced a mean of 27.4% of its MSRP. So, whereas the Tuscon is a very solid SUV, particularly in hybrid guise, it is undoubtedly not your best option if resale worth is a large precedence.