At what age do cars lose the most value?
For starters, a new car depreciates faster than a used car. A new car loses 9-11% of its value immediately after you drive it from the dealership. Subsequently, the average car loses 20% of its value within the first year. After the first 12 months, the car loses about 15-25% of its value yearly for five years. The optimum age range for purchasing a used car is commonly recognized as falling between 2 to 5 years old. Within this timeframe, a car has traversed the steepest part of its depreciation curve while still maintaining relatively new and well-maintained conditions.
What gender buys more cars?
Women Buy More Cars than Men Women purchase 62% of all new cars sold in the United States. Even if they aren’t the ones directly purchasing the car, they’ve likely had something to do with it, as women also directly influence 85% of new car purchases. Buying a new vehicle is a major household expenditure. It is reported that Baby Boomers purchase 62% of new cars in the US.