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Tesla Cybertruck sales collapse, company accepts trade-ins with extreme depreciation
(www.techspot.com)
this post was submitted on 24 May 2025
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The industry average is roughly 20% in the first year. And then 5% to 15% every year after. Heavily depends on the brand, model and market conditions. Cult cars like the Tacoma, Wrangler, WRX, and MX5, hold their value well. Whereas high selling, popular cars like the 2013 - 2017 Ford Escape tanked hard. I remember reading an article about that one and it was only worth a couple grand after 5 years.
Escapes are pretty bad cars. My ex had one with just over 100k miles, engine cracked and started leaking coolant into one of the cylinders. Totaled the car with no accident.
I got a 2024 escape as a loaner vehicle and drove it around for over a week. It’s literally the worst vehicle I’ve ever driven with respect to driving feel. It felt like I was driving a schoolbus. It had such poor acceleration and handling; sticker price was like 70K, and I wouldn’t even pay 20K for one. Also, it was like 60$ to fill the tank. Like why lol.
I had a 2006 escape with a v6 that felt amazing to drive. That thing accelerated like a beast. Anytime someone with a flashy sports car would pull up beside me at a red light and be revving their engine id floor it as soon as the light changed and leap ahead of them, until i hit 60 and then id level off and let them pull ahead. Such a satisfying feeling watching these wxpensive new cars drop behind though. Of course thats probably all due to their drivers, i dont acrual have any illusions that it was the faster car in most cases, but it did have very unexpected power and a nice amount of cargo space. I really miss that car. Shame they seem to have gone downhill.