When you buy a new car, its value begins to depreciate — but not as nearly quickly as in the past. For example, 5-year-old used cars sold in 2022 had lost an average of just 33.3% of their value by that point, according to a new analysis by iSeeCars. That’s down from 40% in the 2021 analysis. Meanwhile, 3-year-old used cars sold in 2022 had depreciated by 17%, the smallest drop on record.
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