A new car can depreciate by approximately 20% to 30% within its first year of ownership. This rapid depreciation occurs due to factors like the vehicle's transition from new to used status and market demand. For example, a car purchased for $30,000 might lose around $6,000 to $9,000 in value after one year. The exact amount can vary based on make, model, and overall market conditions.
Copyright © 2026 eLLeNow.com All Rights Reserved.