According to data compiled by car shopping website iSeeCars.com, the Fiat 500L depreciates faster than any other car currently on sale.
The website recently set out to find which cars lost the greatest percentage of their original value in the first 12 months of ownership. It found that the average price difference between a new car and a 1-year old used version of the same car is about 21.2 percent, but some cars, like the 500L, will lose over 30% of their value in the same time period.
iSeeCars.com found that the 500L would on average lose around 34.6 percent of its original value in its first year on the road, equivalent to about $8,906. It’s far from the model that will lose you the most money (the Jaguar XF dips nearly $20k in value in 12 months), but of all the cars analyzed, it lost the largest portion of its original value.
The Fiat 500 also appears on the website’s list of quickly depreciating cars. Coming in as the ninth quickest depreciating car, the 500 will lose about 31.9 percent of its original value in its first year on the road, or $6,099. The two Fiats are the only Fiat Chrysler products to make the list, which consists of 12 cars in total.
The second quickest depreciating car is the Lincoln MKS, which loses 34.5 percent of its original value in one year, or about $16,039. The Volvo S60 comes in third with an average depreciation rate of 34.4 percent, equivalent to $14,024 in losses.
Click here to view the entire list and to read iSeeCars.com’s methodology for coming to their conclusions.