Some vehicles depreciate faster than others. Vehicles with often low resale value. So if you buy a vehicle with the intention of selling it after a short period of ownership, it’s best to choose a vehicle with a low depreciation rate. One model has the worst five-year depreciation rate of all.
This American SUV loses thousands in value over five years
CarEdge.com ranked the brands and vehicles with the worst resale value from worst to best. It found that Buick vehicles had the worst resale value after five years.
claims the GMC Yukon XL has the worst depreciation rate/resale value of all 101 vehicles it evaluated. According to the automotive publication, the Yukon XL retains just 68.38% of its value after five years. So it loses 31.62% of its value in five years.
The 2023 American full-size SUV starts at $60,100. If CarEdge’s results are accurate, the Yukon XL will depreciate by about $19,232. Its resale value will be just $40,868. The big SUV will depreciate even faster after five years.
So who cares how quickly a vehicle depreciates? Depreciation matters because a GMC Yukon XL driver could lose a lot of money by reselling the vehicle. So if you don’t plan to own the full-size SUV for over five years, don’t expect to recoup a large percentage of what you spent on it on the resale market. A high depreciation rate doesn’t necessarily mean a vehicle is bad. It just suggests that it might be better to own it for a longer period of time than to resell it quickly.
Is the 2023 GMC Yukon XL a good SUV?
The is a full-size that competes with the best models in its segment. It rivals the Chevrolet Tahoe, Chevrolet Suburban and Jeep Wagoneer.
It uses a 5.3L V8 engine to produce 355 horsepower and 383Nm of torque. The big SUV reaches 21 miles per gallon in the city and 27 miles per gallon on the highway.
The Yukon XL features a wrapped steering wheel, wireless Apple CarPlay and keyless entry. It also comes standard with remote start, power strips and heated power exterior mirrors. The 2023 GMC Yukon XL is a great family hauler prized for its spacious cabin and smooth ride quality. The big SUV can depreciate quicker than many of its rivals, but it’s worth buying for drivers interested in long-term ownership.
What is the best full-size SUV?
Car and Driver claims it’s the best full-size SUV. The Yukon / Yukon XL and Chevrolet Suburban are below the Tahoe. Clearly, General Motors makes some of the best large SUVs in the game.
The Ford Expedition Max is one of the few full-size SUV models that can compete with GM’s large SUVs. Expedition Max has an elegant interior and great propulsion options.
Let us know your pick for the best full-size SUV in the comments section below.