In this episode, producer Phil Tower, along with hosts Al Schwinkendorf and John Puhek, welcome Karl Brauer, executive analyst for ISeeCars.com.
Karl joins us to discuss which specific vehicles have the best and worst overall depreciation levels over a three-year period for the Grand Rapids and Kalamazoo markets.
Given the substantial rise in car prices due to the microchip shortage, finding a vehicle
that retains its value can provide significant savings for consumers. The average new
car in Grand Rapids loses 17.9% of its value after three years, and 35.5% of its value
after five years according to the latest iSeeCars study. However, in the Grand Rapids
market, some cars retain their value and depreciate far less than average, with a few
used models actually worth more than MSRP after three years.
Which cars are the best and worst for holding their value for Grand Rapids drivers? To
find out, the latest iSeeCars.com study analyzed more than three million used car
sales to identify models with the lowest and highest loss in value after five years.
Karl Brauer is with iSeeCars.com where he serves as their Executive Analyst.
Karl has been working in the automotive industry for over 25 years, starting as the editorial assistant for Hot Rod magazine before launching Super Street magazine as one of its original staff writers in 1996. For 18 years he served as editor-in-chief at Edmunds.com, plus CEO at his own consumer automotive website, and Executive Publisher at Autotrader and Kelley Blue Book.
Karl’s website Karl On Cars: https://www.karlbrauer.com
You can see the full study on depreciation at:
https://www.iseecars.com/cars-that-hold-their-value-study
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