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John Goreham Contributing Writer, GM-Trucks.com 6-10-2019 If you are searching for a great value on a lightly used vehicle, iSeeCars.com has some suggestions. The group evaluated about 5 million used car transactions of three-year-old, 2016 MY vehicles to see which had the highest discount off of their new car price. Many GM models make the list. Here's a quick look at the models with the highest depreciation. Graduates take note: In the under $20K category, the Chevy Impala is hard to ignore. With a three-year-old average price of just $14,745 it is a LOT of car for the money. Its 50% depreciation rate over three years is way ahead of the average of about 34%. Those graduates headed into higher-paying new jobs may want to consider the Cadillac CTS. With an average price of just $26,785, it is a luxury car on a budget. The XTS is about the same price, but not eactly a graduate's dream car. However, it is perfect for those looking for an Uber vehicle or airport limo for their fleet. The $26K Buick Enclave also makes iSeeCars family vehicle list. With a depreciation of 48% it is about 10% ahead of the pack. In the truck category, the best deal may be the GMC Sierra. With an average 3-year-old price of $33K it is a value that is hard to ignore. See the full report from iSeeCars here.
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John Goreham Contributing Writer, GM-Trucks.com 4-9-2019 iSeeCars.com has completed a study this month of which vehicles owners most often sell on within one year of buying them new. iSeeCars.com analyzed more than 46 million individual new vehicle sales and determined how many of those new cars, trucks, and SUVs were resold as used within the first year with at least 1000 miles on the odometer. The average for all vehicles is just 3.4%. However, some trucks are sold on at more than twice that rate. Among the trucks that owners want to get rid of most are Nissan trucks. All three of Nissan's truck offerings top the list of those owners sell most often within one year of ownership. iSeeCars CEO Phong Ly offered his opinion as to why the Nissans stand out in this regard. “The standard full-size Titan and its larger XD variant do not measure up to their rivals in terms of towing capacity and hauling, which suggests that owners might turn them in for something more rugged,” said Ly. “The compact Frontier has the same shortcomings for hauling and towing while also having the worst fuel economy in its class.” What say you GM-Trucks.com faithful? Why do the Nissans seem to be the outliers here? To see the full report click here.
