Each year, iSeeCars releases research findings on the depreciation and resale value of cars after 5 years of use. This year is no different.
during the research process, iSeeCars examined data from over 1.1 million cars sold in the US market from November 2022 to October 2023. According to iSeeCars, this year’s average depreciation rate for cars in the US market is 38.8%, which is lower than the pre-Covid-19 period.
The research from iSeeCars reveals that small SUVs tend to retain their value better. The average depreciation rate for small SUVs after 5 years of use is 38%, while the figures for midsize SUVs and large SUVs are 42.9% and 51.9% respectively.
Karl Brauer, the Director of Analysis at iSeeCars, noted that “the bigger the SUV, the higher the price and fuel consumption. Large SUVs may be a necessary choice for those who need to transport more passengers and luggage. However, in the used car market, buyers tend to prefer small SUVs that are more fuel-efficient.”
The 5 small SUVs with the highest and lowest resale value after 5 years of use
According to iSeeCars’ research, the small SUV with the highest resale value after 5 years of use is the Toyota C-HR. This model has a depreciation rate of only 24.4%, which allows owners to avoid significant losses when selling. The second-ranked model in the top 5 is the Subaru Crosstrek with a depreciation rate of only 24.5%. The other 3 models in the top 5, including the Honda HR-V, Toyota RAV-4, and Nissan Kicks, have depreciation rates of 26.2%, 27.2%, and 27.5% respectively. These figures are significantly lower than the average for the small SUV segment, which is 38%.
| Rank | Model | Depreciation rate after 5 years of use |
| 1 | Toyota C-HR | 24.4% |
| 2 | Subaru Crosstrek | 24.5% |
| 3 | Honda HR-V | 26.2% |
| 4 | Toyota RAV-4 | 27.2% |
| 5 | Nissan Kicks | 27.5% |
| Average for small SUV segment | 38% |
Top 5 small SUVs with the highest resale value after 5 years of use
A common feature among the top 5 small SUVs with the highest resale value after 5 years of use is that they are all made by Japanese car manufacturers. This is not surprising considering that Japanese cars are well-known for their reliability and resale value.
On the other hand, the 5 small SUVs with the highest depreciation rate after 5 years of use are luxury cars from American and European brands. The small SUV with the highest depreciation rate is the Cadillac XT5 at 53.9%. It is followed by the Alfa Romeo Stelvio (52.3%), Jaguar F-Pace (51.8%), Audi Q5 (51.6%), and Audi SQ5 (50.2%).
| Rank | Model | Depreciation rate after 5 years of use |
| 1 | Cadillac XT5 | 53.9% |
| 2 | Alfa Romeo Stelvio | 52.3% |
| 3 | Jaguar F-Pace | 51.8% |
| 4 | Audi Q5 | 51.6% |
| 5 | Audi SQ5 | 50.2% |
| Average for small SUV segment | 38% |
Top 5 small SUVs with the highest depreciation rate after 5 years of use
The 5 midsize SUVs with the highest and lowest resale value after 5 years of use
An unexpected fact is that the midsize SUV with the highest resale value after 5 years of use is not a Japanese car. Instead, this honor goes to the Jeep Wrangler/Wrangler Unlimited – a product of the American automotive industry. This model has a relatively low depreciation rate of only 20.8%.
The other 4 models in the top 5 list of midsize SUVs with the highest resale value are all Japanese cars, including the Toyota 4Runner, Toyota Highlander Hybrid, Toyota Highlander, and Lexus RX 350. All of them have lower depreciation rates than the average for the midsize SUV segment, which is 42.9%.
| Rank | Model | Depreciation rate after 5 years of use |
| 1 | Jeep Wrangler/Wrangler Unlimited | 20.8% |
| 2 | Toyota 4Runner | 27.4% |
| 3 | Toyota Highlander Hybrid | 36.5% |
| 4 | Toyota Highlander | 37.6% |
| 5 | Lexus RX 350 | 40.9% |
| Average for midsize SUV segment | 42.9% |
Top 5 midsize SUVs with the highest resale value after 5 years of use
Similarly to the small SUV segment, the midsize SUVs with the highest depreciation rate after 5 years of use are also luxury cars. Among them, the highest depreciation rate is for the BMW X5 Hybrid at 58.2%. The gasoline version of the BMW X5 also made it into the top with a depreciation rate of 54.7%. The other 2 models in the top 5 list are the Maserati Levante and Audi Q7.
| Rank | Model | Depreciation rate after 5 years of use |
| 1 | BMW X5 Hybrid | 58.2% |
| 2 | Maserati Levante | 57.8% |
| 3 | Audi Q7 | 56.8% |
| 4 | BMW X5 | 54.7% |
| 5 | BMW X5 M | 54% |
| Average for midsize SUV segment | 42.9% |
Top 5 midsize SUVs with the highest depreciation rate after 5 years of use
The 5 large SUVs with the highest and lowest resale value after 5 years of use
Compared to small and midsize SUVs, large SUVs have a higher average depreciation rate of 51.9%. Nevertheless, there are still large SUV models with lower depreciation rates than the average. These include the Toyota Sequoia, Mercedes-Benz G-Class, Chevrolet Tahoe, GMC Yukon, and Chevrolet Suburban. Thus, American-made SUVs dominate the top 5 list, while the other 2 representatives come from Japan and Germany.
| Rank | Model | Depreciation rate after 5 years of use |
| 1 | Toyota Sequoia | 38.7% |
| 2 | Mercedes-Benz G-Class | 46.3% |
| 3 | Chevrolet Tahoe | 47% |
| 4 | GMC Yukon | 48.2% |
| 5 | Chevrolet Suburban | 50.9% |
| Average for large SUV segment | 51.9% |
Top 5 large SUVs with the highest resale value after 5 years of use
Conversely, the top 5 large SUVs with the highest depreciation rate after 5 years of use in the US market are primarily American-made cars, including the Cadillac Escalade ESV, Cadillac Escalade, and Lincoln Navigator L. The other 2 models on the list are Japanese cars, namely the Infiniti QX80 and Nissan Armada.
| Rank | Model | Depreciation rate after 5 years of use |
| 1 | Cadillac Escalade ESV | 58.5% |
| 2 | Infiniti QX80 | 58.1% |
| 3 | Cadillac Escalade | 56.5% |
| 4 | Nissan Armada | 55.7% |
| 5 | Lincoln Navigator L | 55.5% |
| Average for large SUV segment | 51.9% |
Top 5 large SUVs with the highest depreciation rate after 5 years of use
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