New cars cost $50K. Here are 10 models that keep the most value

With new cars costing more than $50,000 on average, buyers want to be sure their vehicles will last and retain as much value as possible.

The U.S. National Highway Traffic Safety Administration says the average age of a car on U.S. roads is nearly 13 years, meaning people are keeping their vehicles longer than ever.

According to ISeeCars.com, strong demand for used cars since the COVID-19 pandemic has resulted in lower depreciation for several models. That has benefited shoppers who paid top dollar for new versions of those cars in recent years.

"This recent reduction in 5-year depreciation rates suggests rising used car demand and/or insufficient supply over the past 12 months," iSeeCars Executive Analyst Karl Brauer said in a statement.

"We’re not back to pandemic levels, but with used cars retaining more value in every major vehicle segment, there’s clearly been a shift in overall used car value," Brauer continued. "Likely factors include ongoing new car price hikes and drops in consumer confidence, both of which are driving more used car demand."

An average car in the United States loses 41.8% of its value, or $16,571, within the first five years of ownership, according to the group.

The USA…

Original source: https://www.usatoday.com/money/