The Chevy Camaro is among the vehicles that retain the highest percentage of its original value after five years, according to a new study.
Market research firm iSeeCars recently conducted a review of 8.2 million second-hand car sales to determine the vehicles that saw the lowest and highest loss in value from their original MSRP after five years.
Based on iSeeCars‘ analysis, the Chevy Camaro will, on average, lose 23.6 percent of its original MSRP after five years (or $8,553) – putting it seventh among the top ten vehicles with the lowest observed depreciation. The Camaro wasn’t the only American sports car included in the top ten, with the Chevy Corvette, Ford Mustang and Dodge Challenger also making an appearance.
iSeeCars executive analyst Karl Brauer says American sports cars like these retain their value well, as they are harder to come by second-hand and are also high-end vehicles that many consumers dream about owning.
“The Mustang, Corvette, Camaro, and Challenger are all classic American sports cars with an aspirational appeal for many consumers, and drivers are likely more willing to pay a premium for them, especially because they aren’t as common in the used car marketplace,” Brauer said.
The vehicle that retains its value better than any other, according to iSeeCars, is the Jeep Wrangler, which loses just 9.2 percent of its original MSRP after five years. The four-door Jeep Wrangler Unlimited is second at 10.5 percent, followed by the Porsche 911 in third at 12.8 percent.
Brauer says the Wrangler holds its value well due to its dedicated and passionate owner base and the fact that it has undergone minimal styling changes over the years.
“Jeep Wranglers are known for retaining their value due to their enthusiastic fanbase, as well as their durability and performance across all terrains, especially off-road,” said Brauer. “Jeep Wranglers also have maintained their iconic design, so even older models don’t appear dated.”
EVs and large luxury sedans dominate the cars that lost the greatest percentage of their resale value after five years. The Nissan Leaf led the way, dipping in value by 65.1 percent, followed by the BMW i3, BMW 7 Series, Maserati Ghibli and BMW X5.
Subscribe to GM Authority for more GM residual value news, Chevy Camaro news, Chevy news, and around-the-clock GM news coverage.
Comments
Thank god this thing will be gone within 2 years. This is without a doubt the ugliest camaro they have ever made.
Love the 6th gen absolutely love it, I think it’s the best ever made ( no sarcasm). I use to love winter but now it’s the time I can’t drive my camaro
yeah, big fan of 6th gen, GREATLY prefer the 16 and earlier version, but the later ones aren’t bad as LT-1s or 1LE variants.
This percentage was probably skewed by the jacked up prices for used Camaros within the past year. I can guarantee once they get this chip shortage resolved, my Camaro isn’t going to be worth $47,000 in 5 years.
Then maybe you need to sell yours now !
I got 100 percent. I sold my 2015 ZL1 for 40K with 17K miles this Spring. I paid 40K for it. I will say GM was running a rebate at the time I bought it, which helped. I can’t complain, other than I miss it.
Wouldn’t it be cool if GM could actually make a Brand New updated version with modern tech, of an actual 1969 Camaro/Z28/SS/RS?? The ordering Line forms behind me. 😎👍
I thought they did that, in the 5th gen
Would love a new Camaro but i drive the speed limit. That would really anger the already unstable people out there
If you are one of the pricks that holds up traffic then you shouldn’t be driving. Take an Uber bub.
Sorry if that triggers you,bro. But a society where no one obeys laws is not one you’d want to live in. Too dangerous. Respect for the law is basic good citizenship
Use to be a mustang fan in high school. Final test drove a camaro. With low end torque you don’t have to go balls out. It’s fun driving around town but stick with a manual
Speeding laws, seatbelt laws, stop sign laws…ALL STUPID AND JUST FOR REVENUE.
Did you read this GM, keep not investing in what works and put your money into loset projects, Barra is your girl, LOL
Worked at GM Oshawa building the resurrected Gen 5 Camaro. Owned a 2017 Corvette Z51 7 speed and a 2019 Camaro 2SS 1LE. The Vette was quicker in a straight line but the 1LE was incredibly better in the corners, shocking almost. Find someone who has a Gen 6 1LE in SS or Zl1 form and beg them for a ride!!! Make sure you void your bowel amd bladder first! It will literally shock the sh@t out of you!