Why Guy: Why do new cars lose value?

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url("/images/header/alert.png") center center no-repeat;background-size:18px;text-align:center;line-height:19px;font-size:13px;color:var(--global-color-text-inverted)}[data-platform=mobile] .header__weather-sponsor{display:none}[data-platform=mobile] .header__weather-sponsor .ad__inner{padding:0}[data-platform=mobile] .header__weather-temp{margin-top:-1px}[data-platform=desktop] .header{display:block;position:relative;margin:0;padding:0;box-sizing:border-box;min-width:1170px}[data-platform=desktop] .header__featured-title{padding:30px 0 0 0;color:var(--global-color-text-inverted);font-weight:800;font-size:22px;margin-bottom:10px}[data-platform=desktop] .header__hamburger{display:none}[data-platform=desktop] .header__main{position:relative;border-bottom:1px solid var(--global-color-border-light);box-shadow:none;background-color:var(--global-color-background);z-index:2}[data-platform=desktop] .header__main-inner{display:flex;position:relative;height:62px;width:100%;max-width:1920px;margin:0 auto}[data-platform=desktop] .header__link{text-decoration:none}[data-platform=desktop] .header__station-branding{padding:17px 22px;background-color:gray;background-color:var(--theme-primary)}[data-platform=desktop] .header__logo{height:28px}[data-platform=desktop] .header__not-logo{display:flex;position:relative;flex-grow:1}[data-platform=desktop] .header__nav{display:flex;margin:0;padding:0 0 0 20px;list-style-type:none;flex-grow:1;border-right:1px solid rgba(0,0,0,.1);margin-right:20px;opacity:0;transition:.2s opacity}[data-platform=desktop] .header__nav-item{padding:0}[data-platform=desktop] .header__nav-item_type_search{margin-left:auto}[data-platform=desktop] .header__nav-item:focus-within .header__nav-label,[data-platform=desktop] .header__nav-item:hover .header__nav-label{line-height:54px;color:var(--global-color-text-normal);opacity:.4}[data-platform=desktop] .header__nav-item:focus-within .header__nav-label_type_search,[data-platform=desktop] .header__nav-item:hover .header__nav-label_type_search{padding:14px 20px}[data-platform=desktop] .header__nav-item:focus-within .header__subnav,[data-platform=desktop] .header__nav-item:hover .header__subnav{display:block}[data-platform=desktop] .header__nav-item:focus-within .header__nav-link,[data-platform=desktop] .header__nav-item:hover .header__nav-link{border-bottom:4px solid var(--theme-primary);border-top:4px solid transparent}[data-platform=desktop] .header__nav-search{padding:0}[data-platform=desktop] .header__nav-search_type_search{margin-left:auto}[data-platform=desktop] .header__nav-search_active_true .header__nav-label{line-height:54px;color:var(--global-color-text-normal);opacity:.4}[data-platform=desktop] .header__nav-search_active_true .header__nav-label_type_search{padding:14px 20px}[data-platform=desktop] .header__nav-search_active_true .header__subnav{display:block}[data-platform=desktop] .header__nav-search_active_true .header__nav-link{border-bottom:4px solid var(--theme-primary);border-top:4px solid transparent}[data-platform=desktop] .header__close-button{position:absolute;top:0;right:0;width:30px;height:30px;background:transparent url("/assets/shared-images/icons/close.svg") center center no-repeat;filter:invert(1);border-width:0;padding:30px;cursor:pointer;z-index:2}[data-platform=desktop] .header__nav-link{display:block;padding:0 20px;text-decoration:none}[data-platform=desktop] .header__nav-link_type_search{padding:0;border-top:4px solid transparent;border-bottom:4px solid transparent;border-left:none;border-right:none;background-color:transparent}[data-platform=desktop] .header__nav-label{display:block;line-height:62px;color:var(--global-color-text-normal);font-size:20px;font-weight:800;text-decoration:none;white-space:nowrap}[data-platform=desktop] .header__nav-label_type_search{display:block;padding:14px 20px;background:transparent url("/images/header/search.png") center center no-repeat;background-size:26px 26px;width:26px;height:26px;text-indent:-9001px;box-sizing:content-box;cursor:pointer;pointer-events:none}[data-platform=desktop] .header__subnav{display:none;position:absolute;top:100%;left:calc(-1 * (1920px - 100%));height:300px;right:0;padding:0 calc(1920px - 100% + 40px) 0 calc(1920px - 100% + 40px);background-color:var(--theme-secondary);box-shadow:0 2000px 0 2000px rgba(255,255,255,.78),0 2px 4px 0 rgba(0,0,0,.5),inset 2000px 0 0 rgba(0,0,0,.15);color:var(--global-color-text-inverted);overflow:hidden;z-index:2}[data-platform=desktop] .header__subnav:before{content:"";opacity:.2;position:absolute;top:-252px;left:30%;width:480px;height:480px;box-sizing:content-box;transform:rotate(45deg);border:150px solid var(--theme-secondary);z-index:2}[data-platform=desktop] .header__subnav:after{content:"";opacity:.2;position:absolute;left:calc(30% - 198px);top:-450px;width:1175px;height:1175px;outline:200px solid var(--theme-secondary);transform:rotate(45deg);z-index:1}[data-platform=desktop] .header__subnav-list{display:block;margin:0;padding:30px 0;list-style-type:none;font-size:0}[data-platform=desktop] .header__subnav-groups{display:flex;position:relative;width:1140px;margin:0 auto;z-index:3}[data-platform=desktop] .header__subnav-groups:before{content:"";position:absolute;height:20px;width:1920px;top:0;left:50%;transform:translateX(-50%);background-image:linear-gradient(rgba(0,0,0,.2),rgba(0,0,0,0) 20px)}[data-platform=desktop] .header__subnav-group_name_search{position:relative;z-index:2}[data-platform=desktop] .header__subnav-group_name_topics{flex-grow:1}[data-platform=desktop] .header__subnav-group_name_featured{width:614px;flex-shrink:0}[data-platform=desktop] .header__subnav-group_name_back{display:none}[data-platform=desktop] .header__subnav-heading{display:none;font-weight:800;font-size:20px}[data-platform=desktop] 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10px;font-size:12px;font-weight:800;text-decoration:underline;color:var(--global-color-text-normal)}[data-platform=desktop] .header__alert_visible_true{display:inline-block}[data-platform=desktop] .header__alert_visible_false{display:none}[data-platform=desktop] .header__alert:before{content:"!";position:absolute;width:18px;height:18px;top:0;left:calc(50% - 9px);background:transparent url("/images/header/alert.png") center center no-repeat;background-size:18px;text-align:center;line-height:19px;font-size:13px;color:var(--global-color-text-inverted)}[data-platform=desktop] .header__search-expansion{display:none;position:absolute;top:100%;left:0;right:0;padding:45px;background-color:var(--theme-secondary);box-shadow:0 2000px 0 2000px rgba(0,0,0,.22),0 2px 4px 0 rgba(152,152,152,.5)}[data-platform=desktop] .header__search-form{position:relative;width:730px;margin:0 auto;padding:125px 15px;font-size:0}[data-platform=desktop] .header__search-box{display:block;padding:16px 43px 16px 0;font-size:36px;line-height:.83;height:65px;width:700px;border-width:0;border-bottom:2px solid var(--global-color-text-inverted);background-color:transparent;outline-width:0!important;outline:0;color:var(--global-color-text-inverted);-webkit-appearance:textfield}[data-platform=desktop] .header__search-box::-webkit-input-placeholder{color:var(--global-color-text-inverted)}[data-platform=desktop] .header__search-box::-moz-placeholder{color:var(--global-color-text-inverted)}[data-platform=desktop] .header__search-box:-ms-input-placeholder{color:var(--global-color-text-inverted)}[data-platform=desktop] .header__search-box:-moz-placeholder{color:var(--global-color-text-inverted)}[data-platform=desktop] .header__search-submit{position:absolute;top:141px;right:15px;background-color:transparent;border-width:0;padding:0;height:27px;width:27px;cursor:pointer;text-indent:-9001px;background:transparent url(/images/header/search-inverted.png) center center no-repeat;background-size:27px 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src="https://media.abc10.com/assets/KXTV/images/cc61da04-9a6d-4709-a968-15c6a2b7595f/20241128T012354/cc61da04-9a6d-4709-a968-15c6a2b7595f_16x9.jpg" /> <img class="story-row__image" loading="lazy" alt="" src="https://media.abc10.com/assets/KXTV/images/cc61da04-9a6d-4709-a968-15c6a2b7595f/20241128T012354/cc61da04-9a6d-4709-a968-15c6a2b7595f_360x203.jpg" srcset="https://media.abc10.com/assets/KXTV/images/cc61da04-9a6d-4709-a968-15c6a2b7595f/20241128T012354/cc61da04-9a6d-4709-a968-15c6a2b7595f_16x9.jpg 16w, https://media.abc10.com/assets/KXTV/images/cc61da04-9a6d-4709-a968-15c6a2b7595f/20241128T012354/cc61da04-9a6d-4709-a968-15c6a2b7595f_140x79.jpg 140w, https://media.abc10.com/assets/KXTV/images/cc61da04-9a6d-4709-a968-15c6a2b7595f/20241128T012354/cc61da04-9a6d-4709-a968-15c6a2b7595f_360x203.jpg 360w, https://media.abc10.com/assets/KXTV/images/cc61da04-9a6d-4709-a968-15c6a2b7595f/20241128T012354/cc61da04-9a6d-4709-a968-15c6a2b7595f_540x304.jpg 540w, 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causes temporary closure">I Street Bridge reopens after mechanical issue causes temporary closure</a></h4> </div> </li> </ul> </div> </div> </div> </div> </li> <li class="header__nav-item"> <a class="header__nav-link header__nav-link_has-subnav_true" href="/weather/" target="_self" data-tracking-action="click" data-tracking-category="navigation" data-tracking-label="Weather"> <span class="header__nav-label">Weather</span> </a> <div class="header__subnav"> <div class="header__subnav-groups"> <div class="header__subnav-group header__subnav-group_name_back"> <ul class="header__subnav-list"> <li class="header__subnav-item header__subnav-item_type_back"> <a class="header__subnav-link header__subnav-link_type_back" href="#"> <span class="header__subnav-label header__subnav-label_type_back">Back</span> </a> </li> </ul> </div> <div class="header__subnav-group header__subnav-group_name_topics"> <ul class="header__subnav-list"> <li class="header__subnav-item header__subnav-item_type_text"> <a 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data-categories="why-guy-question,entertainment,television,programs,home" data-author="Walt Gray (ABC10)" data-keywords="why-guy-question,entertainment,television,programs,home" data-has-video="true" data-watson-keywords="new cars,first year,new car rolls,top value,first thing people" data-t1-publisher="" data-is-cct="false" data-original-headline="Why do new cars lose value? | Why Guy" data-content-score="85" data-tracking-tags="" data-adhesion-enabled="true"> <div class="article__close-wrapper"> <a class="article__close" aria-label="Go back" data-tracking-category="navigation" data-tracking-action="close" data-tracking-label="articleClose" href="/"></a> </div> <a class="article__category" href="/section/why-guy-question" data-tracking-category="article" data-tracking-action="click" data-tracking-label="article; topic; Why Guy">Why Guy</a> <h1 class="article__headline">Why do new cars lose value? | Why Guy</h1> <div class="article__summary">The minute a new car rolls off the lot, it’s now a used car.</div> <div class="article__lead-asset"> <div data-module="video" class="video video_docked_false" data-stream="https://assets.tegnaone.com/assets/KXTV/videos/724e4de1-afb9-4c4d-940c-2132861a549d/20240522T024028/master.m3u8" data-float="true" data-thumbnail="https://media.abc10.com/assets/KXTV/images/8bd52d45-e784-412e-b73c-1ed901e62c92/20240522T143954/8bd52d45-e784-412e-b73c-1ed901e62c92_1920x1080.jpg" data-title="Why Guy: Why do new cars lose value?" data-description="There's nothing like the smell and look of a new car. Of course, once you drive it off the lot, it's no longer new." data-site="103" data-id="724e4de1-afb9-4c4d-940c-2132861a549d" data-mute="false" data-autoplay="true" data-link="https://www.abc10.com/video/entertainment/television/programs/why-guy-question/why-guy-new-cars-lose-value/103-724e4de1-afb9-4c4d-940c-2132861a549d" data-origin="clipping" data-section="entertainment" data-subsection="television" data-subcategory="television" data-topic="programs" data-subtopic="why-guy-question" data-iab-category-id-2.2="" data-iab-category-id-3.0="" data-iab-category-name-2.2="" data-iab-category-name-3.0="" data-categories="why-guy-question,entertainment,television,programs" data-captions="" data-tracking-tags="" data-is-watch-player="false" data-is-live-now="On Demand" data-is-ugc="false" data-is-cct="false" data-duration="148" data-disable-preroll-at-duration="0" data-disable-preroll="false" data-publica-live-id="9336" data-publica-vod-id="30618" data-facebook-app-id="164639104298854" data-sharing-twitter-title="Why Guy: Why do new cars lose value?" data-sharing-twitter-username="ABC10" data-a9-pubid="3276" data-related-autoplay-delay="5" data-has-ads="false" data-video-mode="vod" data-ad-duration-in-seconds="0"> <div class="video__ratio-enforcer"> <div class="video__ratio-enforced"> <noscript><img class="video__fallback" src="https://media.abc10.com/assets/KXTV/images/8bd52d45-e784-412e-b73c-1ed901e62c92/20240522T143954/8bd52d45-e784-412e-b73c-1ed901e62c92_1920x1080.jpg" alt="There's nothing like the smell and look of a new car. 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Of course, once you drive it off the lot, it's no longer new.", "thumbnailUrl": "https://media.abc10.com/assets/KXTV/images/8bd52d45-e784-412e-b73c-1ed901e62c92/20240522T143954/8bd52d45-e784-412e-b73c-1ed901e62c92_1920x1080.jpg", "uploadDate": "7:37 AM PDT May 22, 2024", "duration": "148", "contentUrl": "https://www.abc10.com/video/entertainment/television/programs/why-guy-question/why-guy-new-cars-lose-value/103-724e4de1-afb9-4c4d-940c-2132861a549d", "embedUrl": "https://media.abc10.com/embeds/video/responsive/103-724e4de1-afb9-4c4d-940c-2132861a549d/iframe" } </script> </div> </div> <aside class="article__meta"> <div class="article__author"> <span class="article__meta-label">Author:</span> Walt Gray (ABC10) </div> <div class="article__published"> <span class="article__meta-label">Published:</span> 7:46 AM PDT May 22, 2024 </div> <div class="article__updated"> <span class="article__meta-label">Updated:</span> 7:46 AM PDT May 22, 2024 </div> <div class="article__sharing"> <div data-module="article-sharing" class="article-sharing"> <a class="article-sharing__icon" href="https://www.facebook.com/dialog/share?app_id=164639104298854&display=popup&href=https%3A%2F%2Fwww.abc10.com%2Farticle%2Fentertainment%2Ftelevision%2Fprograms%2Fwhy-guy-question%2Fwhy-cars-lose-value-why-guy%2F103-8d2131b3-a012-467e-a5fe-8aaa1e0acdc9&redirect_uri=https%3A%2F%2Fwww.abc10.com%2Farticle%2Fentertainment%2Ftelevision%2Fprograms%2Fwhy-guy-question%2Fwhy-cars-lose-value-why-guy%2F103-8d2131b3-a012-467e-a5fe-8aaa1e0acdc9" target="_blank" data-type="facebook" data-tracking-action="sharing/facebookLink" data-tracking-category="linkClick" data-tracking-label="Link From: https://www.abc10.com/article/entertainment/television/programs/why-guy-question/why-cars-lose-value-why-guy/103-8d2131b3-a012-467e-a5fe-8aaa1e0acdc9"> <img class="article-sharing__logo" alt="Facebook" src="/assets/shared-images/icons/facebook.svg" loading="eager" width="38" onload="this.parentElement.style.opacity='1';" /> </a> </div> </div> </aside> <div class="article__body"> <div class="article__section article__section_type_text utility__text"> <p>CALIFORNIA, USA — There's nothing like the smell and look of a new car. Of course, once you drive it off the lot, <a href="/why-guy" target="_blank" rel="noopener noreferrer">it's no longer new</a>.<br id="isPasted"><br>It looks and smells the same, but the top value is gone once you hit the street.<br><br>A new car will lose 20% to 30% of its value in the first year, according to Kelley Blue Book. If you're out shopping for a new car and concerned about this, you're likely wondering "Why?"<br><br>First of all, there are many ways you can help your new car hold its value. Make sure the exterior is scratch-free.</p> </div> <div class="article__section article__section_type_ad"> <div data-module="ad" class="ad ad_position_article_mid1 ad_background_true" data-status="new" data-path="/32805352/ca-sacramento-KXTV-B3335_DesktopTablet/article_mid1/entertainment/television/programs" data-sizes="[[300,250],[1,1],[750,570],[1,2]]" data-delay="8" data-lazy="false" data-position="article_mid1" data-refresh-interval="33" data-refresh-enabled="true" data-targeting-strnativekey="" data-collapse="false" data-outstream-enabled="false" data-outstream-sizes="[]" data-page-type="article"> <div class="ad__inner ad__inner_border_true ad__inner_background_true" style="min-height: 0px; min-width: 0px;"> <noscript> <iframe class="ad__nojs-iframe" src="https://securepubads.g.doubleclick.net/gampad/adx?iu=/32805352/ca-sacramento-KXTV-B3335_DesktopTablet/article_mid1/entertainment/television/programs&sz=300x250|1x1|750x570|1x2&c=503" width="750" height="570"></iframe> </noscript> </div> </div> </div> <div class="article__section article__section_type_text utility__text"> <p>"People hold their keys, maybe pocket knives. Some ladies like to keep their nails long. That can scratch the door handle area. That's the first thing people will see," said Zak Simmons of Carvana.<br><br>When it sits in the lot, each car has a sticker with the “Manufacturer’s suggested retail price." The minute a new car rolls off the lot, it’s now a used car.</p> </div> <div class="article__section article__section_type_text utility__text"> <p>Nobody is going to buy a used car for the suggested price of a new one. Over time, a car depreciates. Part of that is the mileage you put on it. Also, next year's new models usually have updated technology that your car doesn't. That also can affect your car's value,<br><br>The folks at Carvana also say that washing and waxing your car and maintaining it will help your car keep its value and save the service records too.<br><br>What's <strong>not</strong> recommended is covering your car. According to Simmons, It can keep stuff on your vehicle that you don't want including trapping water, and leaves and degrading and damaging your paint.<br><br>Are you looking to buy? According to the Kelley Blue Book, models that hold their value the best include Toyota, and Porsche tops in that regard. 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