Some cars are known to hold their value better than others. Whether it’s because of popularity, rarity or a cult following, some vehicles just refuse to drop in price years after they drove off the dealer lot. The Chevy Camaro currently stands among this small group of vehicles, recently posting strong resale values.
According to a report by iSeeCars, the Chevy Camaro posted better five-year depreciation numbers than the national average. Falling 20 percent to lose just under $8,000 in value, Chevy’s pony car outperforms the 33-percent industry average drop, which equates to $14,000 lost. Overall, this places the Camaro in 10th place, while the Jeep Wrangler currently holds the strongest resale value, falling just 7 percent to lose just over $2,000.
It’s worth noting that the Camaro also ranked well in three-year depreciation calculations, dropping less than four percent to lose $1,400.
This top ten, five-year depreciation list has a good proportion of sports cars, with the Porsche 911, Subaru BRZ and Ford Mustang all ranking higher than the Camaro.
“We saw prices jump for sports cars after the lockdowns began, and they maintained their strong original value even as restrictions were lifted,” said iSeeCars Executive Analyst Karl Brauer.
Additionally, the rest of the list is made up highly popular vehicles, like the Toyota Tacoma and Honda Civic. Being popular models, and thus highly desired, it makes sense that these vehicles would see high resale value.
This recent finding is consistent with prior deprecation numbers. Last year, GM Authority reported that Chevy Camaro placed seventh in five-year depreciation estimates. This means the Camaro only lost 24 percent, or $8,500 of its original value. Similarly to this years study, sports car made up a significant proportion of vehicles that lost the least amount of value.
As a reminder, the current 2023 Chevy Camaro offers many different gasoline-powered internal combustion engines, including the turbocharged 2.0L I4 LTG, the naturally aspirated 3.6L V6 LGX, the naturally aspirated 6.2L V8 LT1, and finally, the supercharged 6.2L V8 LT4.
Under the skin, the Camaro rides on GM’s Alpha platform.