From Tesla Cybertruck, a Toyota Tacoma, to Honda CR-V, to Ford F-150, experts place emphasis on how the value of a vehicle changes over time.
It is common knowledge that all vehicles lose value, but it is not so easy to predict how fast, how fast, and how fast a new car or truck will depreciate.
So we asked experts at Kelley Blue Book/Autotrader and Cargurus for advice on creating one of the biggest purchases of life, whether it’s life or not.
“They’re not grateful, so I encourage them not to consider cars as assets,” said Sean Tucker, chief editor of Kelley Blue Book and Autotrader. “But it’s still a big investment, so there’s a reason why you don’t want to buy something that’s lost 41% of its value in two years.”
According to data from the Kelley Blue Book, the vehicle is a long distance from the 2023 Tesla Model Y.
“Our industry has never seen anything like what happened to Tesla last year,” Tucker said. Tesla saw its lowest first quarter results in three years as CEO Elon Musk worked with President Donald Trump’s administration.
“We don’t have a framework of reference for what happens to the value of a car when people start to protest outside the dealerships that sell it,” Tucker said.
Tesla CyberTruck stands alone
Regardless of the data you reviewed, there were noticeable drops in the 2024 CyberTruck CyberBeast 4WD.
◾ Karger We have provided the website’s average monthly price (also known as the asking price) for the 2024 model year. Below you can see how the greyline will fall as Pris price fell from $152,571 in May 2024 to $83,062 in May 2025.
◾ Kelly Blue’s Book (KBB) is a car valuation company and provided different indicators. Two data points, average manufacturing recommended retail price (MSRP) compared to today’s KBB fair price (Orange Line). “Fair prices take into account recent transactions within 50 miles within the last week and are constantly being updated by what people are paying where you currently live,” Tucker said. Based on the national average KBB provided to USA Today, the newly purchased CyberTruck in May 2024 won around $30,000 a year later, down 29.4%.
Kevin Roberts, director of economic and market intelligence at Cargurus, warns that Cybertruck’s decline requires some context. “The price of Cybertruck generally looks Stark, but there are a few things to remember: put downward pressure on the side, the price.”
Can’t you see our graphics? click here.
How popular car models depreciate over time
Kelley Blue Book provided us with the same data points. Here is the average MSRP compared to today’s KBB Fair Price for many popular 2023 models. Here’s what we found:
track
“Toyota is known for its high-end, predictable quality. They just make the value better,” Tucker said. Also, the high resale value may be the reason you want to buy the Tacoma, Tucker said.
For the F-150, Tucker points out that the decline in EV lightning models has been even greater.
“Ford did everything he could to make these trucks functionally identical,” Tucker said. “In new technology, new markets, there is always a threat not to face gas-powered cars. This technology could change dramatically over the next few years.”
Medium and crossover SUVs
The popular Jeep Grand Cherokee has dropped by 31.3% over the past two years. “I generally prefer to own a 3-year-old Subaru rather than a 3-year-old Jeep,” Tucker said. “Jeep is a Stellantis brand and it’s like we’re struggling with long-term quality. I think it’s improving, but that’s been a recognition for a long time.”
The true standout in the Midsize/Crossover category is the Hyundai Palace and its 10-year powertrain guarantee, Tucker said. “If you own a 2-year-old Palisade, you still have eight years of warranty protection, but not with either of the other cars.”
Compact SUV
The 2023 Tesla Model Y long distances saw a 41.1% decrease in the 2023 KKB fair price when compared to the average MSRP. “It all comes down to what happened to Tesla in the last year or the last six months,” Tucker said.
sedan
The Honda Accord fell 17.8%, or about $5,500. “Honda, which is very similar to Toyota, has a reputation for its strong reliability. These things last forever and come when it’s time to resell them,” Tucker said.
Vehicles with the largest and smallest changes in used listing prices
Cargurus looked into used 2024 models listed on the site between May 2024 and May 2025. From all available vehicles, we selected five vehicles with the lowest drop in listing prices and five vehicles with the lowest drop. What they found:
Five models from Carguru’s data, which saw its biggest price drop from May 2024 to May 2025:
- Tesla Cyber Truck: $69,509, 45.6% ($152,571-$83,062)
- Ford F-150: Down 34,833, 37.7% ($92,502-$57,669)
- RAM 1500: $16,279, 25.6% ($63,592-$47,314)
- Range Rover: $43,293, 24.7% ($175,187-$131,894)
- Jeep Wrangler: $15,451, 24.2% ($63,940-48,488)
CyberTruck: Looking at Tesla’s cybertruck prices, the difference can be jaw dropping. CyberTruck saw a price drop of 45.6%, $69,509, between May 2024 and May 2025. Roberts believes that the initial price of CyberTruck is probably artificially high. “There were even people who think I was trying to turn them over at the time,” Roberts said. “It made the average price higher than what the market was.”
Ford F-150, Jeep Wrangler: These models have been victimized by the 2021-2022 microchip shortage, Roberts said. “In 2024, we actually started to see new stock levels begin to recover. And with certain brands, they got too much stock. There’s a potential incentive on the new side, which puts more downward pressure on used side prices.”
Land Rover, Range Rover: “It’s known for its gorgeous styling and features, but it’s typical of many premium brands, so early price depreciation could be a surge in early price depreciation,” Roberts said.
RAM 1500: “This represents the last year of the previous generation,” Roberts said.
Five models from Carguru data that have fallen or rise between May 2024 and May 2025:
- Subaru Crosstrek: $36, 0.1% ($29,690-$29,654)
- Subaru Forester: $91, 0.3% ($33,693-$33,602)
- Porsche Cayenne: $1,082, 1.1% ($102,637-$101,555)
- Toyota RAV4 Hybrid: $596, 1.6% ($37,698-$37,102)
- Porsche Macan: $1,342, 1.9% ($70,006-$68,664)
Subaru: “Subaru is in a situation where they have a much more stringent inventory, especially for some of such popular CUVs,” Roberts said. “That leads to situations where a particular model is needed, which could make you spend easier time on the second-hand market.
Porsche: “Luxuries can be different,” Roberts said. “We see some Porsches in LIS. There is limited supply in the market and there is a lot of demand. This could lead to a real rise in some of the used units.”
Toyota RAV4 Hybrid: “Like Subaros, the RAV4 continues to face some of the toughest supply on the market,” Roberts said.
