If phrases like “gently used” and “pre-owned” don’t bother you, there are great deals to be had on today’s auto market. According to a study by iSeeCars.com, many brand-new cars are losing over 30% in value just one year after consumers drive them off the lot. As a result, that new luxury car you bought for $60,000 in 2016 might only get you back $40,000 if you choose to sell it in 2017.
That’s a steep hit for a car’s value, especially when the best models depreciate just 7% one year after purchase. Premium models and well-known luxury brands are primary targets for value-shoppers, but large sedans and one new crossover also were counted among the cars to look for used.
Here are 12 cars that were bad calls when buying new, according to iSeeCars.com data. The research company analyzed data from over 14 million cars from model years 2015 and 2016 that were sold during the 12 months leading up to August 2016 to deliver these results.