Jump to content
Create New...
  • William Maley
    William Maley

    Kelly Blue Book Lists The Vehicles With The Worst Resale Values

    Kelly Blue Book has listed the ten vehicles that deprecate at alarming rate and top three happen to be electric vehicles. The Nissan Leaf according to KBB is projected to only retain 18 percent of its new-car price after five years. Behind the Leaf is the Fiat 500e which is expected to retain 21 percent and the Smart ForTwo EV which is expected to retain 21.5 percent.

    Few key items to keep in mind:

    • Fiat 500e is only available to lease in California
    • A number of automakers, like Nissan have been dropping the price of the EVs
    • Electric vehicles come with a number of incentives from the U.S. and state governments, which in turn hurt the resale value

    Eric Ibara, director of residual consulting for Kelley Blue Book tells USA Today EVs have a problem of finding someone to buy a used one.

    "Pure electrics have been slow to catch on in the resale market." Customers "have been willing to buy a new one, not a used electric vehicle."

    As to why, Ibara doesn't have a good answer to this.

    The remaining seven vehicles on KBB's list are all luxury vehicles such as the BMW 7-Series, Lincoln MKS, and Jaguar XK.

    1. Nissan Leaf - 18%
    2. Fiat 500e - 21%
    3. Smart fortwo electric - 21.5%
    4. Jaguar XJ - 22.2%
    5. Volkswagen CC - 25%
    6. Mercedes-Benz CL-Class - 25.8%
    7. BMW 7 Series - 26%
    8. Volvo S80 - 27.3%
    9. Lincoln MKS - 27.5%
    10. Jaguar XK Series - 27.6%

    Source: USA Today

    William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

    User Feedback

    Recommended Comments

    The Volkswagen CC is the surprise on the list. Electric cars lose value quickly, as do high dollar luxury cars that the masses buying a used car are going to be afraid of, and the wealthy will just buy a new one. I am surprised the Volt isn't on there, I have seen 2012 Volts under $25k, from $40k new, that is retaining about 60% after 2 years.

    Link to comment
    Share on other sites

    I do kind of snicker when I read the BMW 7 series is on this list. I've heard from many sources that the last thing you want in life, is a higher end BMW, that is out of warranty! This appears to be especially true of the 7 series. Quirky is a kind word for it.

    • Agree 4
    Link to comment
    Share on other sites

    I do kind of snicker when I read the BMW 7 series is on this list. I've heard from many sources that the last thing you want in life, is a higher end BMW, that is out of warranty! This appears to be especially true of the 7 series. Quirky is a kind word for it.

    They're trouble even in warranty!

    • Agree 1
    Link to comment
    Share on other sites

    It is not that customers are "slow" to catch on to used electric vehicles. It is simply that consumers are not complete idiots!

    Cars like the LEAF would not have sold new to begin with if not for about $12,000 in good taxpayer money going into federal and state subsidies. Without that, a $36,000 LEAF simply makes zero economic sense since you cannot burn $12,000 in gasoline over the life of the battery! Let me put that into perspective... $12,000 in gas @ $3.50 a gallon for Californian ripoff 87 Octane is 3429 gallons of fuel. That, incidentally, will cover 120,000 miles in a conventionally powered small car with an average of 35 mpg.

    A LEAF is somewhere in the low to mid-20K range new when subsidized by green states and the federal government, who are all too ready to transfer wealth from hardworking taxpayers to tree hugging global warming Coolaid drinkers they favor. At about 5 years, you are looking at about half the new purchase price (which is typical of any car) minus the $8~10K battery replacement which is due soon. $23,000 x 50% - $9,000 = $2,500.

    Now, granted that the battery is probably usable with less and less range for several years more -- perhaps as much as another five if you don't mind greatly compromised range. But who wants that in a car that is already annoyingly short legged at 38~72 miles range (typical vs official)? I think consumers will be generous to pay 18% of it's as new price for a 5 year old LEAF or similar electric!

    • Agree 1
    Link to comment
    Share on other sites

    I just want to know where I can get an XJ for 22% of retail!

    The 2011s are going for about 40K or about 50% their as new value. I guess if you plot depreciation as a straight line you end up with 20~25% after 5~6 years. But, yes, sign me up for a 2011 XJ for $19K in 2015~2016. Make it a long wheelbase 470 bhp V8 Supercharged car too!

    The new Jaguars are very nicely designed and made though. So, maybe they'll do better than Jaguars historically does.

    Link to comment
    Share on other sites

    I do kind of snicker when I read the BMW 7 series is on this list. I've heard from many sources that the last thing you want in life, is a higher end BMW, that is out of warranty! This appears to be especially true of the 7 series. Quirky is a kind word for it.

    They're trouble even in warranty!

    Quoted for truth!

    Link to comment
    Share on other sites

    On 12/31/2013 at 12:04 AM, Miradart said:

    I do kind of snicker when I read the BMW 7 series is on this list. I've heard from many sources that the last thing you want in life, is a higher end BMW, that is out of warranty! This appears to be especially true of the 7 series. Quirky is a kind word for it.

    That's absolutely true... my grandmother had her first one lemoned out. They put her in a new one for a discounted lease. The second one had a lot of trouble, but not enough to lemon.  After the second one, she went back to Buick and is on her third one since.

    • Agree 2
    Link to comment
    Share on other sites

    On 12/31/2013 at 12:04 AM, Miradart said:

    I do kind of snicker when I read the BMW 7 series is on this list. I've heard from many sources that the last thing you want in life, is a higher end BMW, that is out of warranty! This appears to be especially true of the 7 series. Quirky is a kind word for it.

    I had a neighbor drive one for about 25 years.  He could have financed the space shuttle and the Apollo mission continuation with what repairs cost on that thing.

    On 10/9/2017 at 3:00 PM, Drew Dowdell said:

    That's absolutely true... my grandmother had her first one lemoned out. They put her in a new one for a discounted lease. The second one had a lot of trouble, but not enough to lemon.  After the second one, she went back to Buick and is on her third one since.

    BMW ownership is not something i desire by any rational means.

    • Agree 2
    Link to comment
    Share on other sites

    Even the M3 that is considered their best and most dependable and desireable car is not something I would ever want or wish on my enemy. My best friend had one and it spent more time in the shop under warranty than at his house. He finally traded it in on a AMG that also ended up in the shop more than at his house, he went to Porsche and ended up buying an Audi as he said both the Porsche and Audi were more dependable than the BMW or AMG. Sad state of their quality.

    Link to comment
    Share on other sites

    On 12/31/2013 at 2:53 AM, ocnblu said:

    EVs are crap. Nobody wants them.

    On 12/31/2013 at 10:04 PM, FAPTurbo said:

    Michael-Scott-Closes-The-Door-Awkwardly-

    FOUR GOD DAMN YEARS WE'VE BEEN HEARING THE SAME THING, HOLY SHIT

    • Agree 1
    Link to comment
    Share on other sites

    Well...you've got to admit...

    Elon has indeed sold us sanctuary with these EV thingys...and everybody is on board...well almost everybody...Sergio and Ocnblu are still hold outs...

     

    But as far as nobody wanting EVs...well, they are no longer a new sensation, and they are still here!!!

     

    But I do believe...against all odds...that EVs will eventually prevail over the ICE...

     

     

     

     

     

    Link to comment
    Share on other sites

    Serg is only not on board because he is spending all his money on resurrecting Alfa and Fiat.

    The Pacifica is eeeexcelent as a PHEV though and using that platform for some sort of sedan or crossovers would rock. 

    • Like 1
    • Agree 1
    Link to comment
    Share on other sites

    4 hours ago, FAPTurbo said:

    FOUR GOD DAMN YEARS WE'VE BEEN HEARING THE SAME THING, HOLY SHIT

    He leads an exciting life.  Right now he is matching his wool socks collection.  He almost hyperventilate at the thought of shuffleboard.

    And he is so afraid of electricity he wants to go back to six volt electrical systems an AM radio.

    2 hours ago, Scout said:

    It's hard to believe the smart for two resale percentage. But that's because it's hard for me to believe anyone would buy a new one to begin with.

    During cash for clunkers father of a friend traded in a 400,000 mile Ranger with no radio, no heat and floors so rusted water poured through them in rain storms.  He traded it on a smart car because he reasoned the smart could not be as miserable as that Ranger.  He later admitted it was actually worse and wanted his old truck back.

    • Like 1
    Link to comment
    Share on other sites

    3 hours ago, Drew Dowdell said:

    Serg is only not on board because he is spending all his money on resurrecting Alfa and Fiat.

    The Pacifica is eeeexcelent as a PHEV though and using that platform for some sort of sedan or crossovers would rock. 

    And will also probably never see the light of day.

    Link to comment
    Share on other sites

    6 hours ago, dfelt said:

    Even the M3 that is considered their best and most dependable and desireable car is not something I would ever want or wish on my enemy. My best friend had one and it spent more time in the shop under warranty than at his house. He finally traded it in on a AMG that also ended up in the shop more than at his house, he went to Porsche and ended up buying an Audi as he said both the Porsche and Audi were more dependable than the BMW or AMG. Sad state of their quality.

    One of my friends with an M3 lives in town and he is so soured on car ownership he is thinking of getting a bike and riding the Bus.  And he could afford a 911 or CTS V if he wanted to.

    Edited by A Horse With No Name
    • Like 1
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Those that cannot accept a multi-cultural world and immigration deserve to lose everything. I will stay professional, but believe that our North American Economy is about to get far worse over the long term than it is now. It is amazing how people do not seem to realize that the first two years of a new president is dealing with the ramifications of the last president. The high inflation was due to the failed policies of those before. We now have low unemployment and a strong economy. Will be interesting to see how it ends.
    • I say, let it get worse.  The people have spoken and this is what the MAJORITY voted for.  He even got the popular vote.  Therefore the people of America have spoken.   This is what they want.  This is what they feel comfortable with.   But I dont want to hear ANY whining from ANYBODY about what possibly may happen with him Him in power.  Fool me once,  shame on you!  Fool me twice, shame on me?   Technically this is how that saying goes.  But you never know. Maybe it really IS the lefty libtards that are the problem.   Hopefully it IS the lefty libtards that are the problem and the Messiah Trump will BE the solution to ALL of our problems.   I will be the first one to apologize if He actually does fix America's and Canada's problems.  And unite ALL of the world and the world gets to sing Kumbaya ALL in unison. Hopefully He is the next coming of Christ.   Keeping my fingers crossed but I aint holding my breath if you know what I mean.   
    • @oldshurst442 This pretty much sums up just how bad it is going to get. Trump's economic plans would worsen inflation, experts say | AP News
    • Not just iPhones... He tariffed Canadian wood the first time around as Pres and the prices of wood skyrocketed so American home builders bought American wood which was and is more expensive than Canadian wood.  I guess that is good for American wood producers. But for the fact that house prices also skyrocketed.  And considering that Canada and US have a more or less good trading thing going on...so not that good.  Not for the US and not good for Canada.  But Donald thinks otherwise. And all the folk that voted for him this time around think that the economy will get better?  I hope so for their sake. But Elon and Jeff B's billions rose quite a bit upon the announcement of his re-election.  I wonder if those  people that voted for him, I wonder if their wealth also rose instantly?    You poor bastards... You have no idea what is coming to you... (those that voted for him.  With the excemption of the rich of course)     Donnie Rides Again
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search