Buying a new car is (normally) one of the worst investments to be made. As soon as the front wheels exit the dealership lot, depreciation rears its ugly face. However, not all cars depreciate as quickly. Some depreciate at lighting fast speeds, though.
If you own a Buick Regal or Cadillac CTS, you may want to look away. According to the latest research from iSeeCars, both sedans have a rapid depreciation factor, much higher than the average 21.2 percent figure.
The Buick Regal depreciates 31.2 percent after the first year. Attaching the figure to a monetary value, that’s $10,117. The Cadillac CTS is worse, depreciating at 31.8 percent after one year of ownership. Again, putting that in dollars and cents, it equals out to $13,351.
Cadillac specifically has been working to reduce the depreciation factor associated with its cars by limiting fleet sales and retargeting its price strategy. In the meantime, though, there’s no fighting the market’s depreciation factor on either of these sedans.