CAR DEPRECIATION
BY: MCKENNA LINES & EMMA GINNELL
THE BEST CAR TO BUY
WHEN SHOULD YOU BUY THE GRAND CHEROKEE?
Rate of Change and Yearly Percent Depreciation:
-2013-New: -2682, decreased 9.2%
-2012-2013: -2201, decreased 8.3%
-2011-2012: -2106, decreased 8.7%
-2010-2011: -6705, decreased 30.2%
For all buyers only interested in buying a used car, the best model to buy would be a 2010 Jeep Grand Cherokee. The percent change in price of the 2010 make is more THIRTY percent cheaper than the price of the 2011. This yearly percent change is more than 20% greater than all of the other yearly percent depreciations! This great percent change is giving you a greater discount for your money, compare to the other small change made in the price difference of the other years.
DATA
Jeep Grand Cherokee
New (2014): $29,194
2013: $26,512
2012: $24,311
2011: $22,205
2010: $15,500Mercedes G-Wagon
$111,072
2013: $90,580
2012: $77,738
2011: $68,461
2010: $67,157
Range Rover
2014 (NEW) $84,136
2013: $77,128
2012: $69,738
2011: $55,406
2010: $47,549BMW X5
2013 (NEW): $51,965
2013: $40,083
2012: $34,819
2011: $29,187
2010: $23,547DEPRECIATION
Jeep Grand Cherokee
Mercedes G-Wagon
Range Rover
BMW X5
Mercedes G-Wagon: Blue
Range Rover: Red
Jeep Grand Cherokee: Green