
2 Chevrolet cars snag top spots among the vehicles with the lowest depreciation
Chevrolet is saying goodbye to the Malibu after around six decades. The news follows Chevy’s decision to kill off the Camaro as well. But it isn’t all bad news for the Bow Tie’s cars. In a recent study covering depreciation and resale value, two of Chevrolet’s cars ranked among the vehicles with the best value retention after five years.
The Chevrolet Corvette and Camaro are among the cars with the lowest depreciation rates on the market
“Depreciation remains the most expensive aspect of buying a new vehicle.” So says iSeeCars Executive Analyst Karl Brauer on the subject of resale value five years after an initial purchase. That’s why it’s so important for buyers to pay attention to which vehicles hold their value better than others. Enter two unexpected value-savers from Chevrolet: the Corvette and the Camaro.
In the list of cars with the lowest depreciation rates, the Porsche 911 and 718 Cayman take the top spots. The Chevrolet Corvette, the brand’s longest-running sports car nameplate, takes the No. 4 spot overall with a five-year depreciation rate of 27.2%. That puts the hardtop ‘Vette just ahead of the Honda Civic and Chevrolet Camaro, which tied at 28.0%.
Make and model | Rank | Average 5-year depreciation rate |
---|---|---|
Porsche 911 | 1 | 19.5% |
Porsche 718 Cayman | 2 | 21.8% |
Toyota Tacoma | 3 | 26.0% |
Chevrolet Corvette | 4 | 27.2% |
Honda Civic | 5 | 28.0% |
Chevrolet Camaro | 6 | 28.0% |
Toyota Tundra | 7 | 29.1% |
“The number of sports cars on this year’s top 25 retained value list is only exceeded by small SUVs, a vehicle that commonly represents the best-selling model in an automaker’s lineup,” Brauer said of the performance cars with the lowest depreciation rates.
Interestingly enough, the Corvette ranks among the top 25 depreciation rate champions not once, but twice. Granted, the Kentucky-built performance nameplate took the No. 4 spot overall. But the ‘Vette also took the No. 17 spot with a depreciation rate of 33.7%.
The list labels the No. 17 Corvette as a “sports car,” while the fourth-position Corvette is a “Coupe.” Considering the Corvette has historically been available as a removable hardtop coupe and a convertible, the No. 17 ranking is likely Chevrolet’s drop-top Corvette offering.