Kelley Blue Book reports on ten cars that are likely to perform the worst when it comes to resale value over the next five years.
The three electric cars and seven luxury models are:
1 Nissan Leaf 18%
2 Fiat 500e 21%
3 Smart fortwo electric 21.5%
4 Jaguar XJ 22.2%
5 Volkswagen CC 25%
6 Mercedes-Benz CL-Class 25.8%
7 BMW 7 Series 26%
8 Volvo S80 27.3%
9 Lincoln MKS 27.5%
10 Jaguar XK Series 27.6%
The list is topped by three electrics. Worst is the Nissan Leaf which is predicted to only be worth 18% of its value after five years.
An electric car may make sense for those with the money to spend for an extra car to drive around town and brag about helping the environment.
If electric cars made sense for the average American several carmakers would built them and there would be dozens of successful models available at affordable prices. Also, the government wouldn’t need to bribe prospective buyers with big federal electric car rebates.