vehicle depreciation
Auto value decline
Vehicle depreciation is the decline in a car's or other vehicle's value over time.
New vehicles lose value the moment they leave the lot, then continue depreciating through age, mileage, and wear.
The rate varies by make and model—some brands hold value better than others.
Depreciation matters most when selling, trading in, or calculating total cost of ownership: The truck's depreciation hit us hard when we tried to sell it after three years.
- new car smellAroma of unused vehicles
- wear and tearGradual damage from use
- market trendsPatterns in trading activity
- rustIron oxide coating
- resale valueWorth when sold again
fair market value · salvage value · total loss · mileage · high mileage · aging · trade-in value · obsolescence · tax deductions · dent · model year · supply and demand · scratch · technological advancements · insurance premiums · inflation · economic downturns · seasonal fluctuations
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