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Genesis #!

T

tbently

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Just posted that the last generation of Genesis loses 0ver 38% of value the first year. Imptessive but in a bad way. How come?
 
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Late in the model year, the 2014 Genesis was selling up to $10K off MSRP. If the depreciation numbers are based on MSRP, that would be a big factor.
 
Also the desirability of the car is lower.
 
High depreciation regarding luxury cars is not that unusual. Most will be hit the first year by 35% to 40%. Check Mercedes, Cadillac, Jaguar, etc over the last 4 years.
 
The depreciation is higher on a model year after a major change is introduced, hence the extra hit of the 2014 Genesis model as well as others who had a major facelift that next year.
 
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Answers all make sense but 38% and being #1 does not bode well for purchasing a new Genesis. I call it that rather than a "Genny" because it is my car not my spouse or girlfriend. That being said it is the best overall car I ever owned including RR and Bentley, BMW, Benz, etc.
 
Interesting, but not surprising. The 2015 did just get a reward for highest residual value in its class though.
 
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