If you’re thinking about buying a used luxury car or investing in a lightly used electric vehicle, this might be the ideal moment.
A new report from the platform iSeeCars reveals that several premium and electric car models are experiencing accelerated depreciation, creating opportunities for those looking for a good deal in the used car market.
Used cars are cheaper — but some models have plummeted
The study analyzed 1.4 million vehicles between 1 and 5 years old, from March 2024 to March 2025. Although the average price of used cars rose by 1% ($317) — the first increase since 2022 — some models have lost significant value.
Among the biggest standouts is the Tesla Model S, which saw a 17.2% drop in average price, equivalent to $9,944. Today, the model can be found for around $47,931. The depreciation may be linked to both aging design and the brand’s public image impact.
Luxury and electric models among the most devalued
If you’re researching used cars that have dropped in price and could represent good buying opportunities, March 2025 data reveals which models lost the most value in the past year.
The Tesla Model S tops the list, with an average drop of 17.2%, representing a $9,944 loss. The model is now available for around $47,931. Just behind it, the Porsche Taycan recorded the highest absolute drop in value: $13,422, equivalent to a 15.1% devaluation, with a current average price of $75,407.
Among hybrid SUVs, the Ford Explorer Hybrid dropped 14.1% ($5,136), while the BMW 5 Series Hybrid fell 13.9% ($5,557), showing that even premium brand models are under strong pressure in the used market.
Another highlight is the Tesla Model Y, with a 13.1% drop ($4,634), followed by the Maserati Levante, which depreciated 11.5% ($5,898). The Mercedes-Benz AMG GT also appears on the list with a $9,808 loss, representing 11.1% of its previous value.
Rounding out the ranking are the Tesla Model 3 (drop of 10.9%, or $3,193), the Jeep Gladiator (10.7%, or $4,089), and the Hyundai Kona Electric, which dropped 10.6%, or $2,462.
This trend points to a great opportunity for savvy buyers, especially those looking for luxury or electric vehicles at more accessible prices in the used market.
Tesla leads depreciation among brands
Among automakers, Tesla had the highest average drop in its line of used cars, with a depreciation of 10.1% ($3,541). According to Karl Brauer of iSeeCars, aggressive price cuts on new vehicles almost instantly hurt resale value.
Other brands with major value losses over 12 months include:
- Chrysler: -8.9%
- Maserati: -8.6%
- Genesis: -6.5%
- Dodge: -4.7%
What does this mean for those looking to buy a used car?
Despite the average increase in used car prices, certain luxury and electric models are more affordable than ever. Factors such as excess inventory, shifting consumer preferences, and manufacturer price repositioning are making it possible to find great deals — especially in premium electric sedans and hybrid SUVs.
According to experts, it’s still possible to make a smart used car purchase in 2025, especially if you’re willing to consider models that have significantly depreciated but still offer excellent technology, comfort, and performance.
Source: Carbuzz
This content was created with the help of AI and reviewed by the editorial team.
