People who are shopping for the best new cars look for several things in their next vehicles. However, the car’s resale value is at the top of this list for many people. This is because depreciation rates determine how much owners can get for the car down the road. However, a new report says that many of the most popular options, including the full-size sedan and many of the best luxury cars, will severely depreciate this year. Still, some vehicles should do the opposite.

Best options to retain their values

Many of the best new cars on the market are trucks. Luckily, these vehicles have solid reputations for holding onto their values. They come out ahead of cars and SUVs. Most experts agree this is due to demand, increased safety, and long-term reputations. 

Some SUVs will depreciate this year. However, mid-size SUVs are safe bets. They offer more space than their smaller counterparts but aren’t much more expensive. Additionally, they are often safer and have more powerful engines. 

New hybrid models should also keep their values this year. As many drivers know, these vehicles depreciate less than their all-electric counterparts. Many people hold them in high regard because they offer increased fuel economy without the complications of charging. 

Some of the best new cars won’t be much worth by the end of the year

According to Yahoo Finance, nine vehicle classifications could lose their value this year. This comes as car depreciation rates are up for many vehicles. However, experts expect these to have it the worst, despite many being considered among the best new cars. First up are traditional sedans. According to the report, the drop in value is due to the rise in popularity of SUVs and crossovers. 

In particular, the full-size sedan will suffer more than smaller options. Part of the reason is that many people who buy larger sedans feel that SUVs and crossovers offer similar, often better, interior space and capabilities. 

Many of the best new cars on the road are luxury options. However, many buyers know this category of vehicles for their high depreciation rates. Still, these cars may be even worse investments this year. The report blames their expected decline on high maintenance and insurance costs. This will include many of the best luxury cars from automakers such as Jaguar, Maserati, and Alfa Romeo. 

Compact and subcompact cars are also expected to lose value this year because many buyers simply want larger vehicles. This is similar to the full-size sedan falling out of favor for many buyers. Car depreciation is also expected to impact gas-powered models, older hybrids, sports cars, discontinued vehicles, and high-mileage options.