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
Like us on Facebook:
https://www.facebook.com/MichigansAutoTalkPodcast
Michigan's AutoTalk podcast is available on Apple Podcasts, Spotify, iHeartRadio, Google Podcasts, Amazon Audio, Spreaker.com, Deezer, and Podcatcher.
Thank you for listening. If you like our podcast please share it with a friend!
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com