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These are the cars with the best and worst depreciation after 5 years

The average new vehicle sold in America loses nearly half of its initial value after five years of ownership. No surprise there; we all expect that shiny new car to start depreciating as soon as we drive it off the lot. But some vehicles lose value a lot faster than others. According to data provided by iSeeCars.com, trucks and truck-based sport utility vehicles generally hold their value better than other vehicle types, with the Jeep Wrangler — in both four-door Unlimited and standard two-door styles — and Toyota Tacoma sitting at the head of the pack. The Jeep Wrangler Unlimited's average five-year depreciation of 30.9% equals a loss in value of $12,168. That makes Jeep's four-door off-roader the best overall pick for buyers looking to minimize depreciation. The Toyota Tacoma's 32.4% loss in initial value means it loses just $10,496. The smaller dollar amount — the least amount of money lost after five years — indicates that Tacoma buyers pay less than Wrangler Unlimited buyers, on average, when they initially buy the vehicle. The standard two-door Jeep Wrangler is third on the list, depreciating 32.8% after five years and losing $10,824. Click here for a full list of the top 10 vehicles with the least depreciation over five years. On the other side of the depreciation coin, luxury sedans tend to plummet in value at a much faster rate than other vehicle types. The BMW 7 Series leads the losers with a 72.6% drop in value after five years, which equals an alarming $73,686. BMW's slightly smaller 5 Series is next, depreciating 70.1%, or $47,038, over the same period. Number three on the biggest losers list is the Nissan Leaf, the only electric vehicle to appear in the bottom 10. The electric hatchback matches the 5 Series with a 70.1% drop in value, but since it's a much cheaper vehicle, that percentage equals a much smaller $23,470 loss. Click here for a full list of the top 10 vehicles with the most depreciation over five years.

Ex-GM VP LaNeve takes over Lincoln ad agency

Those of you that caught yesterday's op-ed about Lincoln will have heard already, but Mark LaNeve has taken the helm at Team Detroit. Once the North American vice president of sales, service and marketing for General Motors, LaNeve will now head up the agency that handles all of Ford advertising. LaNeve will also run the account for Lincoln. While at GM from 2001 to 2009, the exec oversaw ad campaigns like Cadillac's Breakthrough and sales initiatives like "Employee Pricing for Everyone."
He left in 2009 to join Allstate as chief marketing officer, oversaw the creation of the Mayhem ad spots and was moved into the role of VP of agency operations overseeing Allstate's 10,000 agents. He resigned from the insurer in February 2012 for personal reasons and joined Team Detroit in August 2012 as chief operating officer, in charge of satellite offices in New York and internationally. He replaces ex-CEO Cameron McNaughton, and will continue to hold the title of COO.
Lincoln is trying to get its 2013 back to rights after putting big dollar commercials for the 2013 MKZ on television then having production glitches preventing cars from getting to dealerships. With rumors of a relaunch in the works, it's no surprise LaNeve has been given the reins - and from here it looks like the brand is desperate for the kind of magic he's proved he can marshal. Perhaps he can start by calling a mulligan on the renaming exercise that gave us the hoary "Lincoln Motor Company" and go back to oh, say, "Lincoln." Then he can ask the product folks to get to work on the MKC concept...

Lincoln Zephyr makes a comeback, but only in China

The Lincoln Zephyr name is back. The name was previously used on some of the luxury brand's sedans before World War II, and for a single model year on a sedan derived from the first-generation Ford Fusion. Now it appears on the Zephyr Reflection concept, a car that will preview a production sedan for the Chinese market. Yes, the car you see above is only for China, and also happened to be designed by Lincoln's Chinese design branch. Apparently the country still has a strong demand for sedans, so Lincoln can keep offering them. It's a very stylish machine, looking a bit like a smaller first-generation Audi A7 from some angles. The wide, low grille and accompanying light bar give it an athletic stance. It has cool details such as the fender trim that blends into the front door handles. Although it's being shown at the same show as the Ford Evos crossover, the Zephyr is unrelated. And looking closely at the profile, we can see that the roof and glass bear an extremely strong resemblance to the outgoing Ford Fusion. We wonder if it's a majorly redesigned version of the old sedan. There's nothing in the interior that would remind you of the Fusion, or its cousin the MKZ (successor to that other Zephyr). The whole width of the dash bears a screen, which can be split for driver and passenger to do things.The rest of the interior is similarly simple, decorated mainly with some contrasting leather, and a Lincoln badge pattern in the doors. Lincoln didn't give any information about the powertrain. We imagine it will use some existing Ford turbocharged engines. The production model will launch later this year, so more details will probably come closer to the on-sale date. But remember, this Zephyr won't be crossing the Pacific. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.