7 Cars That Are Plummeting in Value in 2024

Unveiling the Depreciation: Cars That Are Plummeting in Value. When you’re out there looking in’ for a new ride in California, you want to make sure it’s going to stick around and not drop in value like a rock, right? Well, not all cars can promise that my friend.

Let me walk you through seven cars that are going downhill really quick in the Golden State.

Read: The Best Truck Vehicles for Families with Kids For 2024

Hyundai Genesis:

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The Hyundai Genesis is now a snazzy two-door coupe, tryin’ to play in the big leagues with Lexus and Acura. But hold on to your hats, ’cause this baby loses a whopping 38% of its value in the first year, used car prices plummet, according to Megazinos.com. If you’re thinkin’ ’bout grabbin’ one, maybe consider goin’ the used route to dodge that depreciation hit, cars that lose value quickly.

Kia Cadenza:

This one’s from Kia’s fancy lineup, the Cadenza, a big sedan that’s supposed to be all about luxury. But guess what? It’s doing the same dance as the Genesis, dropping’ 38% of its value in the first year. If you’re set on the Cadenza, maybe look for a sweet deal in the used car scene.

Maserati Ghibli:

Now, we’re talkin’ luxury with the Maserati Ghibli, a sporty sedan that’s got that Italian flair. But here’s the deal: it’s got its share of problems, with a hefty 56.3% depreciation over five years. Maybe think twice before jumping’ on this one and exploring other luxury options.

BMW 7 Series: Cars That Are Plummeting in Value

BMW’s 7 Series is all about luxury and cutting-edge tech. But, you know what they say—all that glitters ain’t gold. These babies drop in value by over 50% in five years, thanks to their sky-high prices and tough competition.

Ford Expedition:

Alright, now let’s talk family SUVs with the Ford Expedition. It’s great for hauling’ the whole crew, but it’s not going to hold its value too well. U.S. News says it’s losing around 50.7% in five years. If you’re looking’ for long-term value, you might want to check out other SUV options.

GMC Yukon:

The GMC Yukon’s a solid choice for families on the go, but she’s a bit of a gas-guzzler. First-year depreciation hits 33%, says Megazinos.com. It’s reliable but keep an eye on that gas mileage if you’re looking’ for some value.

Maserati Ghibli: cars plummeting in value

Back to the Maserati Ghibli, ’cause it’s worth mentionin’ twice. That 56.3% depreciation over five years ain’t no joke. If you’re dreaming’ of an Italian stallion, make sure you’re ready for the financial ride.