What is the SUV rate of depreciation?

The SUV rate of depreciation typically ranges from 15% to 25% in the first year, depending on various factors such as the make and model, market demand, and overall condition. After the initial year, SUVs generally depreciate at a rate of about 10% to 15% annually. Luxury SUVs may depreciate faster due to higher initial costs, while popular models may hold their value better. Overall, the depreciation rate can vary significantly based on economic conditions and consumer preferences.