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.
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Comments
They have a high resale because finding a new one (V8) without a markup is like trying to find an honest politician.
Well I’ve got a 2ss 2023 Redline Edition available for MSRP. NO ones claimed it yet.
Great news, I am planning to order a new farewell edition convertible SS.
Sounds good! I really like my 2000 convertible SS that I bought new.
And you use to be able to get a 3-4 year old one of these for 40% off original MSRP.
Good one USA 1(lol)…I have owned 2 Camaro SS’s…a 2016 and 2020. Now I own a 2022 ZL1 and what a treasure to own and a pleasure to drive. The SSs were nice but this ZL1 is totally out there, all things considered. I treat it with respect and it never gets abused just waiting for the next car show.
Looking forward to seeing what the farewell edition ZL1 will look like…say red in color. I believe the powertrain will remain the same…would be nice to see GM bump the HP a bit….would be real easy.
So you’re trying to tell me that the C8 corvette is not on this list?
I’ve had my 22 RS for 6 months and the 8 month wait was worth it,, I love it, the looks are sexy and hot wheelish …and paid msp/ and got discounts!
Great looking car and there will always be a market for pony cars, no matter what Barra, Reuss and the rest of the clueless GM leadership think.
Those imbeciles will bankrupt GM