An excellent time to be a purchaser
Used automobile costs are lastly beginning to creep upward after two years of post-pandemic corrections, however that doesn’t imply each car is gaining worth. In line with a brand new examine by iSeeCars analyzing 2.4 million used gross sales in Might 2024 and Might 2025, a number of once-popular fashions are nonetheless dropping quick, particularly within the electrical car and luxurious classes.
Whereas the common 1- to 5-year-old used automobile now prices $32,317 — up 2% from a yr in the past — some autos misplaced 10% or extra of their worth. Listed here are the highest 10 largest losers in 2025.
Tesla Mannequin S
No car misplaced extra worth this yr than the Tesla Mannequin S. As soon as a standing image for early EV adopters, the common used Mannequin S dropped 16% year-over-year, shedding $8,837 to land at a mean worth of $46,503. For a car that began effectively north of $80,000 when new, that’s a big fall, and a mirrored image of how shortly electrical luxurious sedans are depreciating. Whereas newer variations nonetheless supply jaw-dropping efficiency and vary, the used market is clearly pulling again as consumers take into account options with newer battery tech or decrease working prices.
Tesla Mannequin Y
The Mannequin Y could also be Tesla’s best-selling car, however it couldn’t keep away from a steep worth drop. Over the previous 12 months, the common used Mannequin Y declined by 14.2%, shedding $4,945 in worth to settle at $29,789. A number of elements doubtless contributed to the slide, together with Tesla’s repeated worth cuts for brand spanking new autos, growing competitors from different EV crossovers, and rising scrutiny of the model’s high quality and management. For used consumers, nevertheless, this might be a golden alternative to get into an EV with stable vary at a comparatively inexpensive worth.
Porsche Taycan
With a mean worth of $75,644, the Porsche Taycan stays one of many priciest used EVs available on the market, however it’s additionally one of many quickest depreciating. Over the previous yr, Taycan costs dropped 12.7%, a raw-dollar lack of almost $11,000. This luxurious electrical sedan wowed consumers with its efficiency when it launched, however newer rivals and speedy enhancements in EV expertise have chipped away at its attraction. Add in the truth that excessive restore and possession prices are widespread with premium German autos, and it’s no shock the Taycan is struggling to carry its worth.
Ford Explorer Hybrid
Not the entire largest depreciation tales are luxurious EVs. The Ford Explorer Hybrid misplaced 11.3% of its worth over the previous yr, dropping by $4,044 to a mean of $31,811. The hybrid model of this three-row SUV provides higher gasoline economic system than its gas-only counterpart, however not sufficient to justify the value premium within the eyes of many used automobile customers. Mixed with lackluster critiques and a aggressive midsize SUV section, the Explorer Hybrid has develop into a harder promote on the used market.
Tesla Mannequin 3
Even Tesla’s most accessible mannequin isn’t proof against falling values. The Mannequin 3 noticed a ten.8% decline in resale worth this yr, shedding $3,078 to achieve a mean used worth of $25,361. For years, the Mannequin 3 was seen because the EV market’s normal bearer, however latest worth drops on new variations and a flood of provide on the used market have pushed values decrease. That’s unhealthy information for present house owners, however for consumers, it means it’s now potential to discover a well-equipped used Mannequin 3 for beneath $30,000.
Jeep Gladiator
The Jeep Gladiator blends pickup utility with Wrangler off-road DNA, however its worth hasn’t held up. Over the previous yr, Gladiator costs dropped by 10.7%, translating to a $4,112 decline and bringing the common worth right down to $34,253. A part of the issue could also be that the novelty of the Gladiator has worn off, and excessive gasoline prices aren’t doing rugged, body-on-frame vehicles any favors. Nonetheless, for followers of out of doors journey and detachable doorways, the falling worth might be an invite.
Ford Escape Plug-In Hybrid
The second Ford on this record is the Escape Plug-In Hybrid, which noticed its common resale worth drop by 10.7%, or $3,139, bringing it to $26,201. Plug-in hybrids occupy a wierd area out there — not fairly electrical, not fairly gasoline — and that ambiguity appears to be hurting their resale values. Whereas the Escape PHEV provides first rate vary and good effectivity, used automobile consumers could also be choosing extra easy hybrid or EV choices as a substitute.
Mercedes-Benz GLB
The Mercedes-Benz GLB is a boxy compact luxurious SUV that provides stunning area for its measurement. Even with that practicality, the GLB misplaced 9.9% of its worth up to now yr, about $3,566, bringing its common worth to $32,403. Luxurious manufacturers usually depreciate shortly, particularly within the entry-level segments, and the GLB seems to be no exception. Patrons who desire a badge and a few upscale options with out paying new-car costs may discover this mannequin interesting — simply be prepared for premium upkeep prices.
Maserati Levante
Maserati’s Levante SUV combines unique styling and efficiency with an SUV type issue, however its resale worth is something however secure. Costs dropped 9.5% year-over-year, falling by $4,663 to a mean of $44,433. That’s a steep decline for a car that always carried six-figure MSRPs when new. As with many ultra-luxury manufacturers, the Levante suffers from excessive depreciation, restricted service networks, and issues about long-term reliability — all of which make used consumers cautious.
Tesla Mannequin X
Rounding out the record is Tesla’s largest car, the Mannequin X. This full-size SUV with its distinctive Falcon Wing doorways noticed a year-over-year worth drop of 8.9%, or $5,292, placing the common worth at $54,004. As new EV SUVs enter the market and Tesla’s personal software program and {hardware} evolve shortly, older Mannequin X items might begin to really feel dated. Nonetheless, for households looking for an all-electric experience with loads of area and efficiency, a used Mannequin X is now considerably extra attainable than it was even a yr in the past.
Ultimate ideas
As a complete, used automobile costs are trending upward, however these 10 fashions present that the market continues to be risky for sure segments. Electrical autos, plug-in hybrids, and luxurious SUVs are depreciating shortly, providing alternatives for savvy consumers prepared to tackle the dangers that include superior tech or high-end nameplates.
For sellers, the message is much less optimistic. Anybody making an attempt to dump a used Tesla, Maserati, or hybrid SUV could also be in for a shock, particularly in comparison with the sky-high values seen in 2021 and 2022. However for consumers, notably these attempting to find an electrical deal, 2025 could also be the most effective time in years to search out one.
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