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Cars with the worst resale value after 5 years

While the old saying that cars lose a massive chunk of their value as soon as they’re driven off the dealerÂ’s lot might not be entirely true these days, most new vehicles steadily lose value as they age and are used. iSeeCars recently released its latest study on depreciation, finding the models that lose value the fastest, and the list is packed with high-end nameplates. The vehicles that lost value the fastest over five years include: Maserati Quattroporte: 64.5% depreciation BMW 7 Series: 61.8% Maserati Ghibli: 61.3% BMW 5 Series Hybrid: 58.8% Cadillac Escalade ESV: 58.5% BMW X5: 58.2% Infiniti QX80: 58.1% Maserati Levante: 57.8% Jaguar XF: 57.6% Audi A7: 57.2% While sports cars, hybrids, and trucks dominated the list of slowest-depreciating vehicles, luxury brands accounted for all of the top ten fastest-depreciating models. iSeeCars executive analyst Karl Brauer also pointed out EVsÂ’ lack of representation on the slow-depreciating vehicles list, saying that thereÂ’s a disconnect between what automakers are building and what people actually want. The average five-year depreciation for all vehicles in the iSeeCars study was 38.8 percent. ThatÂ’s an almost 11% improvement over 2019Â’s figures, but some vehicle types perform worse than others. EVs depreciated 49.1 percent over five years, while SUVs dropped 41.2%. Trucks only fell 34.8% and hybrids 37.4%. Brauer noted that all vehicles depreciate slower than they did five years ago. Even so, EVs are not the best choice if youÂ’re looking for a vehicle that wonÂ’t feel like a ripoff when itÂ’s time to trade in. On the flip side, used EVs can present a stellar value, saving thousands over their new counterparts. Charging times and availability remain concerns for buyers in large parts of the country, but a heavily depreciated EV could be the used car value youÂ’ve been looking for. The same wisdom applies to used luxury vehicles, as the list above indicates. While new-car buyers shopping for luxury cars are set to see big depreciation during their ownership, that means the used car market is flooded with inexpensive used luxury cars. High repair costs and costly maintenance schedules are real issues that used luxury models face, however. Green Audi BMW Cadillac Infiniti Jaguar Maserati Car Buying Used Car Buying

2021 and 2022 Maserati models recalled over fuel leak risk

Maserati is recalling a handful of 2021 and 2022 models to fix a problem that can cause a fuel leak. While the number of cars included in the campaign is relatively small, it covers every member of the company's lineup ranging from the entry-level Ghibli to the MC20 supercar. Documents published by the National Highway Traffic Safety Administration (NHTSA) explain that about 409 cars sold in the United States are fitted with a fuel line sensor housing that can crack and leak. It adds that this problem can reduce the engine's performance by not delivering enough fuel to the cylinders; alternatively, the leak can cause a fire, though the notice says that's only in "rare circumstances." There are 274 units of the 2021 and 2022 Levante, 88 examples of the 2021 Ghibli, 43 2021 Quattroporte sedans, and four 2022 MC20s affected. Maserati estimates that the Levante models included in the campaign were built between September 18, 2020, and October 4, 2021. For the Ghibli, the date range provided by the Italian firm is November 3, 2020, to June 7, 2021. Quattroporte models were built from October 28, 2020, to June 7, 2021, while the four MC20s were manufactured between July 12 and September 29, 2021. Maserati notes that it acted quickly: it found out about the problem on October 8, it opened an internal investigation into the part's supplier the following day, and it issued the voluntary recall on November 4, 2021. As of writing, there have been no accidents, injuries, or fatalities linked to the problem.  Maserati will replace the fuel line sensor housing in all affected cars free of charge. It will begin notifying owners on December 27, 2021. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Maserati Ghibli & Levante F Tributo View 14 Photos Recalls Maserati

The BMW M8 leads this month's list of discounts

Back in June of this year, the BMW 8 Series was the most heavily discounted vehicle in America. This month, it's the 617-horsepower M8. Midsummer buyers of the 2020 BMW M8, which is offered in hardtop, convertible and four-door Gran Coupe bodystyles, were seeing an average of $6,150 cut off the sticker; this month that figure has ballooned all the way to $16,864. That's more than 11% off the car's $150,000-plus retail price, and, according to data provided by TrueCar, it's the largest dollar amount sliced off the retail price of any car for the month of September. Next is the Maserati Quattroporte, buyers of which are saving $15,912 for an average transaction price of $99,763. If that's still too expensive, the smaller Ghibli's $70,030 average transaction price represents a huge 14.5% discount, earning the Italian sedan entry into our monthly top 10 best deals list.  The third largest monetary discount in September comes off the $131,066 sticker price of the lovely 2019 Mercedes-AMG GT. Take $15,473 off that sum for an average transaction price of $115,593. For a look at the best new car deals in America based on the percentage discount off their suggested asking prices, check out our monthly recap here. And when you're ready to buy, click here for the Autoblog Smart Buy program, which brings you a hassle-free buying experience with over 9,000 Certified Dealers nationwide. BMW Maserati Mercedes-Benz Car Buying Coupe Luxury Performance Sedan consumer best deals biggest discount